Sagar Cements Ltd reports higher consolidated PAT of Rs. 51.43 crores

SAGAR CEMENTS LTD. has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.397.33 crores during the period ended June 30, 2021 as compared to Rs.419.36 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.51.43 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.49.95 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.21.31 for the period ended June 30, 2021 as compared to Rs.21.24 for the period ended March 31, 2021.

Financials	Q1 FY2021-22	Q4 FY20-21	% Change
Total Income	₹ 397.33 crs	₹ 419.36 crs	-5.25%
Net Profit	₹ 51.43 crs	₹ 49.95 crs	2.96%
EPS	₹ 21.31	₹ 21.24	0.33%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.397.33 crores during the period ended June 30, 2021 as compared to Rs.264.91 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.51.43 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.36.13 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.21.31 for the period ended June 30, 2021 as compared to Rs.16.16 for the period ended June 30, 2020.

Financials	Q1 FY2021-22	Q1 FY2020-21	% Change
Total Income	₹ 397.33 crs	₹ 264.91 crs	49.99%
Net Profit	₹ 51.43 crs	₹ 36.13 crs	42.35%
EPS	₹ 21.31	₹ 16.16	31.87%

Commenting on the performance, Mr. Sreekanth Reddy, Jt. Managing Director of the Company said, "While we had a soft start to the fiscal given the disruptions caused by second wave of pandemic, we have started seeing a steady pick up in volumes across our key markets following easing of the lockdown restrictions. Realisations as well have remained encouraging, helping offset the impact of lower volumes for the quarter. Demand for Infrastructure projects and residential activities remains buoyant, helping sustain the recent volume momentum.

Operating profitability remained under pressure owing to higher input prices and lower utilization levels. We have seen a steady pick up in the prices of coal, coke and diesel prices over the past few months which have exerted pressure on the margins. We continue to remain focused towards improving our efficiencies and containing costs. We expect rationalization of freight expenses going forward following completion of our MP and Odisha projects.

Going ahead, we believe we are well placed to create value for our shareholders. Our diversified geographical presence, better product mix and strategic cost initiatives position us well to deliver steady and consistent growth. We are also optimistic about achieving our objective of attaining 10 Mn MT capacity by 2025."

Shares of SAGAR CEMENTS LTD. was last trading in BSE at Rs. 1348.9 as compared to the previous close of Rs. 1363.2. The total number of shares traded during the day was 11532 in over 1813 trades.

The stock hit an intraday high of Rs. 1374.3 and intraday low of 1320. The net turnover during the day was Rs. 15480609.

Source : Equity Bulls

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