Sagar Cements Ltd reports Rs. 1.29 crore consolidated PAT in Q4 FY20

SAGAR CEMENTS LTD. has reported financial results for the period ended March 31, 2020.

Financial Results (Q4 FY19-20) - QoQ Comparison

The company has reported total income of Rs.305.87 crores during the period ended March 31, 2020 as compared to Rs.262.57 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.1.29 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.(9.07) crores for the period ended December 31, 2019.

The company has reported EPS of Rs.0.54 for the period ended March 31, 2020 as compared to Rs.(4.14) for the period ended December 31, 2019.

Financials	Q4 FY19-20	Q3 FY19-20	% Change
Total Income	₹ 305.87 crs	₹ 262.57 crs	16.49%
Net Profit	₹ 1.29 crs	₹ (9.07) crs	114.22%
EPS	₹ 0.54	₹ (4.14)	113.04%

Financial Results (Q4 FY19-20) - YoY Comparison

The company has reported total income of Rs.305.87 crores during the period ended March 31, 2020 as compared to Rs.366.73 crores during the period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.1.29 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.18.75 crores for the period ended March 31, 2019.

The company has reported EPS of Rs.0.54 for the period ended March 31, 2020 as compared to Rs.9.19 for the period ended March 31, 2019.

Financials	Q4 FY19-20	Q4 FY18-19	% Change
Total Income	₹ 305.87 crs	₹ 366.73 crs	-16.6%
Net Profit	₹ 1.29 crs	₹ 18.75 crs	-93.12%
EPS	₹ 0.54	₹ 9.19	-94.12%

Financial Results (12 months ended FY 19-20) - YoY Comparison

The company has reported total income of Rs.1179.18 crores during the 12 months period ended March 31, 2020 as compared to Rs.1220.43 crores during the 12 months period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.26.71 crores for the 12 months period ended March 31, 2020 as against net profit / (loss) of Rs.13.59 crores for the 12 months period ended March 31, 2019.

The company has reported EPS of Rs.12.36 for the 12 months period ended March 31, 2020 as compared to Rs.6.66 for the 12 months period ended March 31, 2019.

Financials	Year Ended FY19-20	Year Ended FY18-19	% Change
Total Income	₹ 1179.18 crs	₹ 1220.43 crs	-3.38%
Net Profit	₹ 26.71 crs	₹ 13.59 crs	96.54%
EPS	₹ 12.36	₹6.66	85.59%

Commenting on the performance, Mr. Sreekanth Reddy, Jt. Managing Director of Sagar Cements Ltd said, "A challenging H2 weighed in on the annual performance, offsetting the solid performance in the first half of the fiscal. While prices remained relatively steady, stand-still of economic activities post the outbreak of covid-19 impacted the overall demand and product off-take.

Further, while lower operating leverage impacted margins and operating profitability, benign input prices and our cost rationalization measures helped soften the overall impact. While the logistic and demand related headwinds may persist in near term, we are hopeful that our recent strategic measures will help us to further enhance our efficiencies and lower our operating expenses. Commissioning of CPP and Bayyavaram expansion has already started paying dividends in terms of lowering our power & freight expenses. Further the completion of Satguru & Jajpur cements acquisition will help us accelerate our growth process by helping us improve our product mix and meeting the needs of faster growing markets.

Going ahead, a gradual pick up in the construction and liquidity levels along with easing of labor and goods movement will help revive the demand for the sector."

Shares of SAGAR CEMENTS LTD. was last trading in BSE at Rs.277.45 as compared to the previous close of Rs. 275.5. The total number of shares traded during the day was 3781 in over 336 trades.

The stock hit an intraday high of Rs. 283 and intraday low of 273.9. The net turnover during the day was Rs. 1053692.

Source : Equity Bulls

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