25 Jun 2019 | 10:24 PM

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COMPANYNEWS
Sagar Cements Q4 net profit zooms 160.40% at Rs 16.90 cr
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Published on 05-23-2019
The company reported standalone net profit of Rs 16.90 crore for the quarter ended March 31 2019 as compared to Rs 6.49 crore in the same period last year registering a year-on-year growth of 160.40 per cent.


Net revenue of the company rose substantially by 27.94 per cent at Rs 268.26 crore in January-March quarter of this fiscal as against Rs 209.68 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 23.48 per cent to Rs 227.15 crore from Rs 183.96 crore in year ago period.


Other Income dipped by 14.38 per cent at Rs 3.93 crore versus (Mar`18 Rs 4.59 crore).


Operating Profit surged by 59.84 per cent to Rs 41.11 crore as against Rs 25.72 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 24.86 per cent in March quarter.


Interest grew by 6.01 per cent y-o-y to Rs 8.64 crore while Taxation increased by 14.37 per cent at Rs 7.56 crore (Mar`18 Rs 6.61 crore).