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Sagar Cements Ltd Q3 consolidated loss at Rs. 9.08 crore

Posted On: 2020-01-28 21:17:53

SAGAR CEMENTS LTD. has reported financial results for the period ended December 31, 2019.

Financial Results (Q3 FY19-20) - QoQ Comparison

The company has reported net sales of Rs.262.57 crores during the period ended December 31, 2019 as compared to Rs.265.09 crores during the period ended September 30, 2019.

The company has posted net loss of Rs.(9.08) crores for the period ended December 31, 2019 as against Rs.4.92 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.(4.14) for the period ended December 31, 2019 as compared to Rs.2.28 for the period ended September 30, 2019.

FinancialsQ3 FY19-20Q2 FY19-20% Change
Total Income₹ 262.57 crs₹ 265.09 crsDown Tick -0.95%
Net Profit₹ (9.08) crs₹ 4.92 crsDown Tick -284.55%
EPS₹ (4.14)₹ 2.28Down Tick -281.58%

Financial Results (Q3 FY19-20) - YoY Comparison

The company has reported net sales of Rs.262.57 crores during the period ended December 31, 2019 as compared to Rs.319.92 crores during the period ended December 31, 2018.

The company has posted net loss of Rs.(9.08) crores for the period ended December 31, 2019 as against Rs.(2.97) crores for the period ended December 31, 2018.

The company has reported EPS of Rs.(4.14) for the period ended December 31, 2019 as compared to Rs.(1.46) for the period ended December 31, 2018.

FinancialsQ3 FY19-20Q3 FY18-19% Change
Total Income₹ 262.57 crs₹ 319.92 crsDown Tick -17.93%
Net Profit₹ (9.08) crs₹ (2.97) crsUp Tick 205.72%
EPS₹ (4.14)₹ (1.46)Up Tick 183.56%

Financial Results (9 months ended FY 19-20) - YoY Comparison

The company has reported net sales of Rs.873.31 crores during the 9 months period ended December 31, 2019 as compared to Rs.853.70 crores during the 9 months period ended December 31, 2018.

The company has posted net profit of Rs.25.35 crores for the 9 months period ended December 31, 2019 as against net loss of Rs.(5.16) crores for the 9 months period ended December 31, 2018.

The company has reported EPS of Rs.11.90 for the 9 months period ended December 31, 2019 as compared to Rs.(2.53) for the 9 months period ended December 31, 2018.

Financials9 months FY19-209 months FY18-19% Change
Total Income₹ 873.31 crs₹ 853.70 crsUp Tick 2.3%
Net Profit₹ 25.35 crs₹ (5.16) crsUp Tick 591.28%
EPS₹ 11.90₹(2.53)Up Tick 570.36%

"Our performance for the quarter was expectedly a bit subdued amidst sluggish demand and pricing pressure across key markets. Absence of Govt. spending coupled with benign retail spending slowed our first half growth momentum in turn resulting in our 9M FY20 revenue growth to 2%, though EBDITA grew by 59%.

However, despite revenue de-growth during the quarter, we were able to preserve our operational profitability and margins owing in part to benign input prices but largely benefiting from our recent strategic changes in lead distances and cost rationalization. We expect cost efficiencies to further improve on the back of commissioning of CPP & optimization of logistics by better alignment of the market. Lastly, the completion of ongoing projects at company's subsidiaries, Satguru cement and Jajpur Cement, should help us further improve our operational efficiencies.

Going ahead, we believe that the pick up in Pvt. Capex coupled with Govt.'s efforts towards enhancing liquidity and infrastructure capacities would help revive the demand for cement and its pricing environment."

Shares of SAGAR CEMENTS LTD. was last trading in BSE at Rs.565.55 as compared to the previous close of Rs. 566.6. The total number of shares traded during the day was 585 in over 94 trades.

The stock hit an intraday high of Rs. 578.9 and intraday low of 550. The net turnover during the day was Rs. 332891.


Source: Equity Bulls

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