Mangalam Cement net zooms 185%

BS 200 SCORECARD

Mangalam Cement, part of the BK Birla Group, posted a jump of 185 per cent in net profit to Rs 20.42 crore in the quarter ended December 31, 2006 compared with Rs 7.23 crore posted during the previous corresponding quarter.

The company's net sales during the period under review grew 30 per cent to Rs 111.73 crore from Rs 85.8 crore a year earlier.

Operating profit for the quarter zoomed 167 per cent to Rs 33.83 crore from Rs 12.69 crore during the same period last year.

EPS (earnings per share) stood at Rs 7.23 compared with Rs 2.53 per share.

The company's plants, which are located in Kota, cater to markets in Rajasthan, Delhi, Uttar Pradesh and Gujarat. The company produces both OPC (ordinary portland cement) and PPC (Pozzolana portland cement).

Mangalam Cement is putting up a 17.5 mw captive power plant, which is expected to go onstream by June this year. It expects to save around 16 crore a year once the plant becomes operational.

The company is also adding 0.5 million tonne new cement capacity to take its total production capacity to 2 million tonne by September this year.