Sagar Cements Q1 net down 41 pc to Rs 5.82 cr

Sagar Cements today reported a 41.62 per cent decline in its net profit to Rs 5.82 crore for the first quarter of the current fiscal.

The company had posted a net profit of Rs 9.97 crore during the April-June quarter of the previous fiscal.

Its total income for the June quarter of 2018-19 was down 8.38 per cent to Rs 275.44 crore as compared to Rs 300.65 crore in the year-ago period, the bank said in a regulatory filing.

TRENDING NOW

Govt mulling restoration of old pension scheme (OPS) for central govt employees? Minister of State for Finance Pankaj Chaudhary says THIS in Lok Sabha

Meet Dr Mohan Yadav - BJP's pick as Madhya Pradesh's Chief Minister-elect

Back-To-Back Upper Circuit! This multibagger infrastructure stock hits upper circuit for 12th straight session

Canara Bank, Wipro, Future Consumer, other stocks to watch out for on Tuesday

Retail inflation now stable, temporary increases due to demand-supply mismatches: FM Nirmala Sitharaman

Multibagger defence stock Apollo Micro Systems approves conversion of warrants - Details

DLF CFO Vivek Anand resigns

Tata Power shares near record high after power generator joins hands with Indian Oil to set up EV charging points

States should look at asset sales in infra sector to bolster revenues: RBI Report

BPCL dividend: Bharat Petroleum Corp shares to trade ex-date on Tuesday

India planning to move from WPI to PPI in future: Official

Sovereign Gold Bond 2023–24: Next tranche to open next week; all you need to know

Old Tax Regime clear winner, preferred by 63% taxpayers who prioritize long-term investments, tax-saving: Survey

Zomato shares under pressure after Softbank offloads remaining stake in food-delivery firm

RBI approves HDFC Bank's product on offline retail payments for adoption

"Our Waste heat recovery plant remained shut down for a brief period from 9th June to 30th June, to enable its upgradation from 6 MW capacity to 8.8 MW capacity. But for this, our profitability would have been still better," Sagar Cements Executive Director Sreekanth Reddy said.

Shares of Sagar Cements today settled at Rs 785.85 on the BSE, down 0.50 per cent from the previous close.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)