Q3FY17 Results: Star Ferro & Cement Ltd.
Bhagyashree Vivarekar / 08 Feb 2017
The company reported PAT of Rs 31.21 crore, which represents a sequential QoQ increase of 1095.79 per cent and a YoY increase of 8.41 per cent.
Star Ferro & Cement Ltd. reported its results for the quarter ended December 31, 2016, today.
The company's consolidated numbers came in largely above expectations.
The company posted total sales of Rs. 393.48 crore for Q3FY17, which represents a 7.58 per cent sequential increase and 8.47 per cent YoY decline.
Its operating profit (EBIT) for the quarter was Rs 50.64 crore and its EBIT margin was 12.87 per cent.
The company reported PAT of Rs 31.21 crore, which represents a sequential QoQ increase of 1095.79 per cent and a YoY increase of 8.41 per cent.
Star Ferro and Cement Ltd is engaged in the manufacture of ferro alloys at EPIP, Byrnihat, Meghalaya. The company derives its business mainly from cement business of its subsidiaries. Its direct subsidiary Cement Manufacturing Company Ltd along with other subsidiaries Megha Technical & Engineers Pvt Ltd and Star Cement Meghalaya Ltd are engaged in cement business.
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