Sagar Cements will hold a meeting of the Board of Directors of the Company on 19 July 2018.

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The announcement was made on Saturday, 9 June 2018.

Meanwhile, the S&P BSE Sensex was up 147.85 points, or 0.42% to 35,591.52.

On the BSE, 2,875 shares were traded in the counter so far compared with average daily volumes of 1,431 shares in the past two weeks. The stock had hit a high of Rs 869.95 and a low of Rs 840 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 773 on 11 August 2017.

Sagar Cements said its production jumped 15.39% to 184,278 MTs, while sales rose 17.52% to 181,224 MTs in May 2018 over May 2017.

On a consolidated basis, production rose 18.35% to 245,454 MTs, while sales grew 19.19% at 243,024 MTs in May 2018 over May 2017.

On a consolidated basis, Sagar Cements reported net profit of Rs 4.74 crore in Q4 March 2018 as against net loss of Rs 3.16 crore in Q4 March 2017. Net sales rose 25.96% to Rs 294.88 crore in Q4 March 2018 over Q4 March 2017.

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

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Sagar Cements announced that the Board of Directors of the Company at its meeting held on 29 May 2018, inter alia, have recommended the final dividend of Rs 1.5 per equity Share (i.e. 15%) , subject to the approval of the shareholders.

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Net profit of Sagar Cements rose 79.28% to Rs 6.49 crore in the quarter ended March 2018 as against Rs 3.62 crore during the previous quarter ended March 2017. Sales rose 33.75% to Rs 209.68 crore in the quarter ended March 2018 as against Rs 156.77 crore during the previous quarter ended March 2017.

For the full year,net profit rose 295.44% to Rs 49.39 crore in the year ended March 2018 as against Rs 12.49 crore during the previous year ended March 2017. Sales rose 39.61% to Rs 747.99 crore in the year ended March 2018 as against Rs 535.76 crore during the previous year ended March 2017.

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