Sagar Cements Ltd. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
January 23, 2013 at 01:03 pm
Share
Sagar Cements Ltd. announced unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net sales of INR 1,219.208 million against INR 1,416.577 million a year ago. Profit from operations before other income, finance costs was INR 124.568 million against INR 345.683 million a year ago. Profit from ordinary activities before tax was INR 48.323 million against INR 259.718 million a year ago. Net profit for the period was INR 40.728 million against INR 176.585 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 2.34 against INR 10.15 a year ago. EBITDA decreased by 53.4% to INR 191.8 million.
For the nine months, the company reported net sales of INR 4,074.375 million against INR 4,380.919 million a year ago. Profit from operations before other income, finance costs was INR 356.169 million against INR 867.231 million a year ago. Profit from ordinary activities before tax was INR 171.450 million against INR 610.172 million a year ago. Net profit for the period was INR 130.2 million against INR 417.439 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 7.49 against INR 24.01 a year ago. EBITDA decreased by 43.20% to INR 604.9 million.
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 
