Sagar Cements surges 8%, hits 52-week high on robust Q2 results

The management said volumes and prices are gradually improving on the back of good demand

Shares of Sagar Cements rallied 8 per cent and hit a 52-week high of Rs 740 on the BSE on Thursday after the company’s consolidated net profit jumped 10-fold at Rs 50.17 crore in the September quarter (Q2FY21). It had reported a profit of Rs 4.92 crore in the year-ago quarter.

Revenue from operations grew 23 per cent year on year (YoY) at Rs 326 crore against Rs 265 crore in the corresponding quarter of previous fiscal. The revenue growth was led by 20.8 per cent YoY increase in realisations and 1.7 per cent YoY growth in volumes. Ebitda