05-11-2023 03:01 PM | Source: Accord Fintech
Sagar Cements shines on reporting consolidated net profit of Rs 98 crore in Q4
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Sagar Cements is currently trading at Rs. 211.00, up by 8.90 points or 4.40% from its previous closing of Rs. 202.10 on the BSE.

The scrip opened at Rs. 211.60 and has touched a high and low of Rs. 217.90 and Rs. 208.15 respectively. So far 65878 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 267.75 on 14-Dec-2022 and a 52 week low of Rs. 155.15 on 21-Jun-2022.

Last one week high and low of the scrip stood at Rs. 217.90 and Rs. 191.00 respectively. The current market cap of the company is Rs. 2758.58 crore.

The promoters holding in the company stood at 45.20%, while Institutions and Non-Institutions held 23.02% and 31.78% respectively.

Sagar Cements has reported results for fourth quarter (Q4) and year ended March 31, 2023.

The company has reported 92.15% fall in its net profit at Rs 1.28 crore for the quarter under review as compared to Rs 16.31 crore for the same quarter in the previous year. However, total income of the company increased by 6.96% at Rs 520.08 crore for Q4FY23 as compared to Rs 486.22 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported net profit at Rs 97.98 crore for fourth quarter ended March 31, 2023 as compared to net loss of Rs 19.51 crore for the same quarter in the previous year. Total income of the company increased by 58.65% at Rs 802.58 crore for Q4FY23 as compared to Rs 505.89 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, the company has reported 62.21% fall in its net profit at Rs 39.22 crore as compared to Rs 103.78 crore for the previous year. However, total income of the company increased by 24.79% at Rs 1990.08 crore for year under review as compared to Rs 1594.77 crore for year ended March 31, 2022.

For the year ended March 31, 2023, on the consolidated basis, the company has reported 85.63% fall in its net profit at R