Sagar Cements Ltd Announces Unaudited Consolidated and Standalone Earnings Results for Third Quarter and Nine Months Ended December 31, 2016
January 25, 2017 at 06:32 am
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Sagar Cements Ltd. announced unaudited consolidated and standalone earnings results for third quarter and nine months ended December 31, 2016. For the quarter, the company reported standalone net sales/income from operations of INR 1,404.748 million against net sales/income from operations of INR 1,287.315 million a year ago. Profit from operations before other income and finance costs and exceptional items of INR 86.052 million against profit from operations before other income and finance costs and exceptional items of INR 76.283 million a year ago. Profit from ordinary activities before tax of INR 35.561 million against profit from ordinary activities before tax of INR 50.106 million a year ago. Net profit of INR 17.759 million against net profit of INR 30.33 million a year ago. Basic and diluted per share of INR 1.01 against Basic and diluted per share of INR 1.74 a year ago. for the same quarter a year ago.
For the period, the company reported standalone net sales/income from operations of INR 434.56 million against net sales/income from operations of INR 5,271.877 million a year ago. Profit from operations before other income and finance costs and exceptional items was INR 215.572 million against INR 543.242 million a year ago. Profit from ordinary activities before tax of INR 174.174 million against INR 543.558 million a year ago. Net profit of INR 88.6 million against net profit of INR 345.921 million a year ago. Basic and diluted per share of INR 5.08 against basic and diluted per share of INR 19.89 a year ago. for the same period a year ago.
For the quarter, the company reported consolidated net sales/income from operations of INR 2,205.087 million against net sales/income from operations of INR 2,185.534 million a year ago. Profit from operations before other income and finance costs and exceptional items of INR 174.38 million against profit from operations before other income and finance costs and exceptional items of INR 174.656 million a year ago. Profit from ordinary activities before tax of INR 20.269 million against profit from ordinary activities before tax of INR 19.474 million a year ago. net loss of INR 5.34 million against net profit of INR 0.427 million a year ago. Basic and diluted loss per share of INR 0.3 against basic and diluted per share of INR 0.02 a year ago.
For the period, the company reported consolidated net sales/income from operations of INR 6,675.541 million. Profit from operations before other income and finance costs and exceptional items of INR 496.227 million. Profit from ordinary activities before tax of INR 52.294 million. Net loss of INR 7.488 million. Basic and diluted loss per share of INR 0.43.
Sagar Cements Ltd is an India-based company, which is engaged in the manufacture and sale of cement. It is also focused on the generation of power for sale and captive consumption. The Company operates through Manufacturing of Cement segment. Its products include Ordinary Portland Cement (OPC), which manufactures two diverse grades of OPC: 53 grade and 43 grade; Portland Pozzolana Cement (PPC), which is a type of blended cement that is equivalent to that of 33 grade; Sulphate Resisting Portland Cement (SRPC), which is intended for the manufacture of concrete and concrete-steel constructions; Portland Slag Cement (PSC), which consists of granulated slag, gypsum, and the clinker; and Ground Granulated Blast Furnace Slag (GGBS), which is used as a partial replacement of cement in concrete. The cement produced by the Company is sold under the brand name, SAGAR. Its products are used for general civil engineering construction works, precast items such as blocks, and others.
SAGAR CEMENTS LIMITED 
