The India Cements Ltd on Friday reported an 86 percent increase in consolidated net profit to Rs 79.98 crore for the first quarter ended June.The company had posted a net profit of Rs 43.05 crore during the April-June quarter of the previous fiscal, The India Cements said in a regulatory filing.Its revenue from operations was up 44.87 percent to Rs 1,514.35 crore in the first quarter of this fiscal. The same stood at Rs 1,045.25 crore a year ago. India Cements’ total expenses were at Rs 1,588.90 crore, up 61.6 percent in the June quarter of FY23, as against Rs 983.11 crore.