Q3FY17 Results : Sagar Cements

Sagar Cements Ltd. reported its results for the quarter ended December 31, 2016  post market hours today. The standalone numbers saw steep decline at the net profit level when seen from both the sequential and YoY basis. Its net profit plunged due to a sharp fall in other incomes during the period.

The total sales for Q3FY17 came in at Rs 141.55 crore, which represents a 2.37 per cent sequential increase and 8.58 per cent YoY increase.

Its operating profit (EBIT) for the quarter amounted to Rs 8.61 crore and the EBIT margin stood at 6.08 per cent.

The company reported PAT of Rs. 1.78 crore, which represents a sequential QoQ decline of 28.8 per cent and a YoY decline of 41.25 per cent.

The company's stock closed at Rs 696.7, up 4.85 points or 0.7 per cent from the previous close of Rs 691.85. The stock had reached a day’s high of Rs 710 and a low of Rs 693 during today’s trading session.
 
Sagar Cements Ltd is an Indian cement manufacturing company that manufactures Ordinary Portland Cement (OPC) of 53 grade, 43 grade, Portland Pozzalona cement (PPC) and sulphate resistant cement (SRC)