NCL Inds slides after weak Q4 cement production

NCL Industries slumped 4.05% to Rs 65.20 after the company's cement production fell 10% to 519,339 MT in Q4 March 2020 from 575,984 MT in Q4 March 2019.

Cement dispatches declined 12% to 508,392 MT in Q4 March 2020 as compared to 579,295 MT in Q4 March 2019.

Cement board production rose 5% to 18,765 MT, while cement board dispatches contracted 14% to 15,567 MT during the period under review.

The company reported that RMC Production & Sales declined 10% to 45,252 CuM in Q4 March 2020 as against 50,045 CuM in Q4 March 2019. Energy (hydro power) production surged 6210% to 4.42 MUs during the period under review.

 

NCL Industries is engaged in the manufacture of cement and ceramics. On a standalone basis, NCL Industries net profit declined 16.6% to Rs 5.43 crore on a 12.7% decline in net sales to Rs 210.64 crore in Q3 December 2019 as compared to Q3 December 2018.

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