Sagar Cements Q3 Results Review - Stable Outlook For The Next Two Quarters: Nirmal Bang
In 9M FY24, Sagar Cements has invested ~Rs 1.4 billion in capex, with an additional capex spend of Rs 150 mn expected in Q4 FY24.29-01-2024
Sagar Cements Q3 Results Review - Stable Outlook For The Next Two Quarters: Nirmal Bang
In 9M FY24, Sagar Cements has invested ~Rs 1.4 billion in capex, with an additional capex spend of Rs 150 mn expected in Q4 FY24.SAGAR CEMENTS LTD.-$ - 502090 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to Regulation 47 of SEBI LODR, we are submitting the copies of the newspaper clipping where in the financial results of the company for the third quarter and nine months period ended 31.12.2023 were published in i.e, newspaper of Financial Express and Andhra Prabha and the same were also available on the company''s website www.sagarcements.inSagar Cements Q3 FY24 Results Live : loss falls by 64.8% YOY
Sagar Cements Q3 FY24 Results Live : Revenue increased by 16.27% YoY & loss decreased by 64.8% YoYSagar Cements Results Earnings Call for Q3FY24
Conference Call with Sagar Cements Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.SAGAR CEMENTS LTD.-$ - 502090 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Further to our letter dated 24th January, 2024, we are submitting the link for the call recorded today at the meeting of the analysts in respect of our un-audited standalone and consolidated financial results for the third quarter and nine months period ended 31st December, 2023.Healthy volumes and steady realisations help Sagar Cements reduce net loss to 10.18 crore in Q3
In the corresponding quarter of the previous financial year, the company incurred a loss of 23.68 croreQ3FY24 Quarterly Result Announced for Sagar Cements Ltd.
Cement & Cement products company Sagar Cements announced Q3FY24 results: Revenue increased by 16% YoY to Rs 66,941 lakhs and volume increased by 14% to 14,07,167 MT for Q3FY24. Plants operated at around 55% during the current quarter. Operating EBITDA of Rs 8,706 lakhs for Q3FY24 as against Rs 4,758 lakhs during Q3FY23. Operating EBITDA of Rs 619 per ton during Q3FY24. EBITDA margin increased by 500 bps to 13% for Q3FY24 (v/s Q3FY23). Loss after tax stood at Rs 1,018 lakhs for Q3FY24 v/s Loss of Rs 2,368 lakhs during Q3FY23. Commenting on the performance, Sreekanth Reddy, Jt. Managing Director of the Company said, “We had a good quarter marked by healthy volumes and steady realisations. Although overall volumes were affected by state elections and labor shortages during the festive season, we witnessed a 14% growth in volumes during Q3FY24 when compared with Q3FY23. Additionally, favorable prices prevailed in our key markets, leading to a 16% increase in revenue for the quarter. As far as EBITDA and margins are concerned, we observed a significant enhancement on a per-ton basis, consistent with our earlier projections. The combination of increased operating leverage and consistent realizations contributed to improved profitability for the quarter. We anticipate this positive trend to persist in the future, supported in part by higher utilization levels of recently acquired units and strategic initiatives aimed at promoting the use of green power, and alternative fuels, as well as the deployment of electric trucks and wheel loaders. Operationally, we believe we are on track towards meeting our guidance of attaining 5.6 MnT volumes for the fiscal. Performance and capex plans of our recently acquired unit, Andhra Cements is progressing as per plan. To conclude, our widespread geographical footprint, advancing product mix, and increased emphasis on elevating the proportion of green fuel in the overall energy mix, collectively position us favorably to generate value for our shareholders.” Result PDFSAGAR CEMENTS LTD.-$ - 502090 - Press Release Regarding Un-Audited Financial Results (Standalone And Consolidated) For The Third Quarter And Nine Months Period Ended 31St December, 2023
Further to our letter dated, we are sending herewith a copy of the press release issued in connection with the un-audited financial results for the third quarter and nine months period ended 31.12.2023SAGAR CEMENTS LTD.-$ - 502090 - Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
Disclosure under regulation 30 of SEBI LODRSAGAR CEMENTS LTD.-$ - 502090 - Board Meeting Outcome for Regulation 33 Of SEBI (LODR) Regulations 2015 - Furnishing Of Un-Audited Standalone And Consolidated Financial Results For The Third Quarter And Nine Months Period Ended 31St December, 2023
Regulation 33 of SEBI (LODR) Regulations 2015 - Furnishing of Un-audited Standalone and Consolidated Financial Results for the third quarter and nine months period ended 31st December, 2023