Net profit of Sagar Cements declined 83.54% to Rs 2.62 crore in the quarter ended September 2018 as against Rs 15.92 crore during the previous quarter ended September 2017. Sales rose 18.61% to Rs 202.97 crore in the quarter ended September 2018 as against Rs 171.12 crore during the previous quarter ended September 2017.

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Net loss of Sagar Cements reported to Rs 8.01 crore in the quarter ended September 2018 as against net profit of Rs 8.54 crore during the previous quarter ended September 2017. Sales rose 9.64% to Rs 257.70 crore in the quarter ended September 2018 as against Rs 235.05 crore during the previous quarter ended September 2017.

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Sagar Cements will hold a meeting of the Board of Directors of the Company on 29 October 2018.

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The announcement was made after trading hours yesterday, 5 September 2018.

Meanwhile, the S&P BSE Sensex was up 139.93 points, or 0.37% to 38,158.24.

On the BSE, 886 shares were traded in the counter so far compared with average daily volumes of 345 shares in the past one quarter. The stock had hit a high of Rs 755 and a low of Rs 734.70 so far during the day. The stock hit a record high of Rs 1,161.40 on 4 January 2018. The stock hit a 52-week low of Rs 711 on 23 July 2018.

Total consolidated cement production rose 27.26% at 243,963 MTs in August 2018 over August 2017.

Sagar Cements' consolidated net profit dropped 41.62% to Rs 5.82 crore on 6.24% rise in net sales to Rs 274.90 crore in Q1 June 2018 over Q1 June 2017.

Sagar Cements is engaged in manufacturing cement at its plant in Mattampally, Nalgonda district, Andhra Pradesh.

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