Sagar Cements spurts after good production, sales in May

Sagar Cements rose 4.63% to Rs 856.70 at 11:28 IST on BSE after the company reported healthy production and sales figures in May 2018.

The announcement was made on Saturday, 9 June 2018.

Meanwhile, the S&P BSE Sensex was up 147.85 points, or 0.42% to 35,591.52.

On the BSE, 2,875 shares were traded in the counter so far compared with average daily volumes of 1,431 shares in the past two weeks. The stock had hit a high of Rs 869.95 and a low of Rs 840 so far during the day. The stock hit a record high of Rs 1,161.40 on 4 January 2018. The stock hit a 52-week low of Rs 773 on 11 August 2017.

Sagar Cements said its production jumped 15.39% to 184,278 MTs, while sales rose 17.52% to 181,224 MTs in May 2018 over May 2017.

On a consolidated basis, production rose 18.35% to 245,454 MTs, while sales grew 19.19% at 243,024 MTs in May 2018 over May 2017.

On a consolidated basis, Sagar Cements reported net profit of Rs 4.74 crore in Q4 March 2018 as against net loss of Rs 3.16 crore in Q4 March 2017. Net sales rose 25.96% to Rs 294.88 crore in Q4 March 2018 over Q4 March 2017.

Sagar Cements is engaged in manufacturing cement at its plant in Mattampally, Nalgonda district, Andhra Pradesh.

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