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Stock Report
Sagar Cements Ltd Q3FY21 consolidated net profit at Rs. 49.67 crore
Posted On : 2021-01-20 21:04:32( TIMEZONE : IST )
SAGAR CEMENTS LTD. has reported financial results for the period ended December 31, 2020.
Financial Results (Q3 FY20-21) - QoQ Comparison
The company has reported total income of Rs.365.66 crores during the period ended December 31, 2020 as compared to Rs.329.17 crores during the period ended September 30, 2020.
The company has posted net profit / (loss) of Rs.49.67 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.50.27 crores for the period ended September 30, 2020.
The company has reported EPS of Rs.21.15 for the period ended December 31, 2020 as compared to Rs.21.58 for the period ended September 30, 2020.
| Financials | Q3 FY20-21 | Q2 FY20-21 | % Change |
| Total Income | ₹ 365.66 crs | ₹ 329.17 crs |  11.09% |
| Net Profit | ₹ 49.67 crs | ₹ 50.27 crs |  -1.19% |
| EPS | ₹ 21.15 | ₹ 21.58 | -1.99% |
Financial Results (Q3 FY20-21) - YoY Comparison
The company has reported total income of Rs.365.66 crores during the period ended December 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.49.67 crores for the period ended December 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.21.15 for the period ended December 31, 2020 as compared to Rs.(4.14) for the period ended December 31, 2019.
| Financials | Q3 FY20-21 | Q3 FY19-20 | % Change |
| Total Income | ₹ 365.66 crs | ₹ 262.57 crs | 39.26% |
| Net Profit | ₹ 49.67 crs | ₹ (9.07) crs | -647.63% |
| EPS | ₹ 21.15 | ₹ (4.14) | -610.87% |
Financial Results (9 Months ended FY 20-21) - YoY Comparison
The company has reported total income of Rs.959.74 crores during the 9 months period ended December 31, 2020 as compared to Rs.873.31 crores during the 9 months period ended December 31, 2019.
The company has posted net profit / (loss) of Rs.136.07 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.25.42 crores for the 9 months period ended December 31, 2019.
The company has reported EPS of Rs.59 for the 9 months period ended December 31, 2020 as compared to Rs.11.90 for the 9 months period ended December 31, 2019.
| Financials | 9 Months ended FY20-21 | 9 Months ended FY19-20 | % Change |
| Total Income | ₹ 959.74 crs | ₹ 873.31 crs | 9.9% |
| Net Profit | ₹ 136.07 crs | ₹ 25.42 crs | 435.29% |
| EPS | ₹ 59 | ₹11.90 | 395.8% |
Commenting on the performance, Mr. Sreekanth Reddy, Jt. Managing Director of the Company said, "We have started the second half of the fiscal on a positive note on the back of steady demand and realizations across our key markets. Higher Government spending coupled with pick up in infrastructure and housing segment resulted in healthy revenue and profitability growth during the quarter. Consistent recovery in demand has resulted in steady realizations.
Better efficiencies and cost rationalization measures resulted in delivering a 426% growth in operating profitability for the quarter despite rising costs. We continue to work diligently towards lowering our costs and enhance our efficiencies by means of optimizing fuel mix and rationalizing freight costs. We believe the completion of MP and Odisha projects will further our attempts towards enhancing the margins by not only helping us augment our product & region mix but also by lowering our freight costs.
Another noteworthy development has been that the Gudipadu Plant has been awarded with Green Co gold Certificate from Confederation of Indian Industry (CII) for its best practices.
Going ahead, we believe the Company's strategic initiatives towards widening its geographical footprint, enhancing product mix, scaling up its capacities and improving operational efficiencies should help us in creating further value for our shareholders."
Shares of SAGAR CEMENTS LTD. was last trading in BSE at Rs.735.9 as compared to the previous close of Rs. 742.3. The total number of shares traded during the day was 10352 in over 853 trades.
The stock hit an intraday high of Rs. 752 and intraday low of 729.4. The net turnover during the day was Rs. 7710190.
