Net profit of Mangalam Cement declined 46.39% to Rs 12.11 crore in the quarter ended June 2017 as against Rs 22.59 crore during the previous quarter ended June 2016. Sales rose 12.82% to Rs 254.03 crore in the quarter ended June 2017 as against Rs 225.17 crore during the previous quarter ended June 2016.

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The result was announced after market hours yesterday, 8 August 2017.

Meanwhile, the S&P BSE Sensex was down 138.61 points, or 0.43% at 31,875.58. The S&P BSE Small-Cap index was down 100.90 points, 0.63% at 15,803.14.

High volumes were witnessed on the counter. On the BSE, 2,734 shares were traded on the counter so far as against the average daily volumes of 8,414 shares in the past one quarter. The stock had hit a high of Rs 380 and a low of Rs 366.80 so far during the day. The stock had hit a record high of Rs 407 on 20 July 2017 and a 52-week low of Rs 226.60 on 22 November 2016.

The stock had outperformed the market over the past one month till 8 Aug 2017, advancing 3.23% compared with the Sensex's 2.08% rise. The scrip had, however, underperformed the market over the past one quarter advancing 2.35% as against the Sensex's 6.98% rise. The scrip had, however, outperformed the market over the past one year advancing 17.71% as against the Sensex's 13.6% rise.

The small-cap company has equity capital of Rs 26.69 crore. Face value per share is Rs 10.

Mangalam Cement is a cement manufacturing company.

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Mangalam Cement will hold a meeting of the Board of Directors of the Company on 8 August 2017.

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Mangalam Cement announced that the Board of Directors of the Company at its meeting held on 13 May 2017, inter alia, have recommended the final dividend of Rs 0.75 per equity Share (i.e. 7.5%) , subject to the approval of the shareholders.

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