Mangalam Cement Q3 Reports Analysis
DSIJ Intelligence / 08 Feb 2012
Mangalam Cement today reported robust numbers for the December 2011 quarter. The net sales of the company have gone up by 56 per cent on a YoY basis to Rs 172 crore. The company has reported a profit of Rs 26 crore against that of loss of Rs 2.53 crore in the same period last year. This was mainly on account of the improvement in the realisation during the quarter.
The company has done well on the margin front too with its EBITDA improving to 23 per cent as compared to 2.56 per cent in the same period last year. The improvement in the EBITDA margin is also on the back of the newly commissioned captive power plant of 17.5 MW, taking the total capacity to 35 MW which has helped the company to increase its operational efficiency.
| Financial Performance Of The Company (Rs Crore) | |||||
|---|---|---|---|---|---|
| Particulars | Dec 11 | Dec 10 | YoY | Sep 11 | QoQ |
| Sales | 172.4 | 110.4 | 56.1 | 124.5 | 38.4 |
| Power & Fuel | 43.1 | 41.4 | 4.1 | 43.5 | -0.8 |
| Operating Profit | 39.6 | 2.8 | 1,298.9 | 8.3 | 378.7 |
| Net Profit / Loss | 26.1 | -2.5 | - | 0.7 | - |
| Margin | |||||
| OPM (%) | 23.0 | 2.6 | 20.4 | 6.6 | 16.3 |
| GPM (%) | 23.5 | 3.2 | 20.3 | 6.5 | 17.0 |
| NPM (%) | 14.9 | -2.3 | 17.2 | 0.5 | 14.4 |
Mangalam Cement is an integrated cement manufacturing company based in the northern region. It primarily caters to the markets of Rajasthan, Madhya Pradesh, Haryana and western Uttar Pradesh. The company has a cement plant of 2 MTPA capacity and a coal-based power plant of 35 MW for captive consumption. The investors cheered the result and the stock yesterday closed at Rs 148.45, up by 13.84 per cent on the BSE. Today it has seen some correction and is trading down with a loss of 3 per cent.
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