Hyderabad-based Sagar Cements reported Consolidated quarterly numbers as follows:
Net Sales at INR 575.73 crore in December 2022 up 72.56% from INR 333.65 crore in December 2021.
Quarterly Net Loss at INR 22.02 crore in December 2022 down 513.13% from INR 5.33 crore in December 2021.
EBITDA stands at INR 61.87 crore in December 2022 up 28.31% from INR 48.22 crore in December 2021.Sagar Cement shares closed at 223.00 on January 23, 2023 (NSE) and has given 23.48% returns over the last 6 months and -10.76% over the last 12 months.
Hyderabad based Sagar Cements Limited (SCL) was established in 1985 and is one of India's leading cement manufacturer in the Krishna basin region with an installed production capacity of 8.25 MTPA.
Plants:
Mattampally, Telangana Sagar Cements Limited
Capacity 3.0 MTPA
Gudipadu, Andhra PradeshSagar Cements Limited
Capacity 1.25 MTPA
Bayyavaram, Andhra PradeshSagar Cements Limited
Capacity 1.5 MTPA
Jeerabad, Madhya PradeshSagar Cements (M) Private Limited (Formerly known as Satguru Cement Private Limited)
Capacity 1.0 MTPA
Jajpur, OdishaJajpur Cements Pvt. Ltd
Capacity 1.5 MTPA
Sagar Cements has been declared as the successful bidder for debt-ridden Andhra Cements, a company which was owned by the Jaypee Group and is under the Corporate Insolvency Resolution Process. The Committee of Creditors (CoC) of Andhra Cements has voted with a majority in favour of the resolution plan filed by Sagar Cements Ltd.
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