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

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

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

Tata Power shares near record high after power generator joins hands with Indian Oil to set up EV charging points
"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.)
10:26 pm