Net loss of Sagar Cements reported to Rs 4.44 crore in the quarter ended December 2019 as against net profit of Rs 0.04 crore during the previous quarter ended December 2018. Sales declined 20.02% to Rs 185.85 crore in the quarter ended December 2019 as against Rs 232.36 crore during the previous quarter ended December 2018.

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Net Loss of Sagar Cements reported to Rs 9.08 crore in the quarter ended December 2019 as against net loss of Rs 2.97 crore during the previous quarter ended December 2018. Sales declined 17.87% to Rs 262.10 crore in the quarter ended December 2019 as against Rs 319.11 crore during the previous quarter ended December 2018.

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On a consolidated basis, production/purchase of cement fell 7.56% to 300,138 in December 2019 over December 2018. Cement sales declined 4.33% on a year-on-year (YoY) basis to 312,132 MT in December 2019.

On a standalone basis, production/purchase of cement fell 3.29% to 219,776 on a yearly basis. Cement sales declined 2.31% to 232,556 MT YoY. The announcement was made after market hours on Monday.

Sagar Cements is engaged in manufacturing clinker and ordinary portland cement (OPC). On consolidated basis, the company reported a net profit of Rs 4.94 crore in Q2 September 2019 as against a net loss of Rs 8.01 crore in Q2 September 2018. Net sales rose 2.9% to Rs 265.28 crore on YoY basis.

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Sagar Cements will hold a meeting of the Board of Directors of the Company on 28 January 2020.

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