Sagar Cements Ltd. Announces Unaudited Standalone and Consolidated Earnings Results for Third Quarter and Nine Months Ended December 31, 2017
January 24, 2018 at 07:40 am
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Sagar Cements Ltd. announced unaudited standalone and consolidated earnings results for third quarter and nine months ended December 31, 2017. For the quarter, the company reported standalone revenues from operations were INR 1,802.2 million against revenues from operations of INR 1,415.5 million a year ago. Profit before tax was INR 139.4 million against profit before tax of INR 35.5 million a year ago. Net profit was INR 101.5 million against net profit of INR 17.7 million a year ago. Basic and diluted earnings per share were INR 4.98 against basic and diluted per share of INR 1.01 a year ago.
For the nine months, the company reported standalone revenues from operations were INR 5,663.3 million against revenues from operations of INR 6,200.0 million a year ago. Profit before tax was INR 629.9 million against profit before tax of INR 240.4 million a year ago. Net profit was INR 429.0 million against net profit of INR 124.9 million a year ago. Basic and diluted earnings per share were INR 21.03 against basic and diluted per share of INR 6.98 a year ago.
For the quarter, the company reported consolidated revenues from operations were INR 2,494.0 million against revenues from operations of INR 2,212.5 million a year ago. Profit before tax was INR 50.5 million against profit before tax of INR 20.2 million a year ago. Net profit was INR 30.1 million against net loss of INR 5.4 million a year ago. Basic and diluted earnings per share were INR 1.48 against basic and diluted loss per share of INR 0.30 a year ago.
For the nine months, the company reported consolidated revenues from operations were INR 7,828.4 million against revenues from operations of INR 6,706.5 million a year ago. Profit before tax was INR 347.1 million against profit before tax of INR 52.3 million a year ago. Net profit was INR 215.2 million against net loss of INR 7.5 million a year ago. Basic and diluted earnings per share were INR 10.55 against basic and diluted loss per share of INR 1.43 a year ago.
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 
