Read more about Saurashtra Cement consolidated net profit rises 378.10% in the March 2021 quarter on Business Standard. Sales rise 37.48% to Rs 243.25 crore
Read more about Saurashtra Cement standalone net profit rises 376.24% in the March 2021 quarter on Business Standard. Sales rise 37.48% to Rs 243.25 crore
Revenue from operations increased 6.9% year-on-year (YoY) to Rs 1,472.45 crore during the quarter.
The company reported a pre-tax profit of Rs 71.88 crore in Q4 FY21 compared with pre-tax loss of Rs 68.75 crore in Q4 FY20. The company incurred a current tax expense of Rs 10 crore in the fourth quarter.
The cement makers net profit surged to Rs 206.77 crore in the year ended 31 March 2021, steeply higher than net profit of Rs 50.16 crore in the year ended 31 March 2020. Revenue from operations declined 13% to Rs 4,510.55 crore in FY21 over FY20.
The company s board has approved a dividend of Re 1 per equity share for the year 2020-21.
CEAT s consolidated net profit surged 195.9% to Rs 153.02 crore on 45.5% surge in net sales to Rs 2,289.72 crore in Q4 FY21 over Q4 FY20.On a consolidated basis, EBITDA surged 32% to Rs 268.70 crore in Q4 FY21 compared with Rs 202.90 crore in Q4 FY20. EBITDA margin stood at 11.7% in Q4 FY21 from 12.9% in Q4 FY20. The debt-to-equity ratio stood at 0.42x in Q4 FY21 as against 0.66x in Q4 FY20.
Commenting on the results as well as the outlook of the business, Anant Goenka, managing director (MD) of CEAT, said: It has been a very satisfactory year with record sales and profitability especially in a year that has been marked by uncertainty due to COVID-19. We gained market share in PCR and TBR segments. Encouraged by buoyancy in demand, we added new capacity in the TBR segment. Towards the latter part of the year due to increase in commodity prices, there has been some erosion in gross margins which prompted us to take a small increase in price. Frequent lockdowns and high commodity pri
KCP Sugar & Industries Corporation Ltd, Ponni Sugars (Erode) Ltd, Kakatiya Cement Sugar & Industries Ltd and Sakthi Sugars Ltd are among the other gainers in the BSE s B group today, 03 May 2021.
KCP Sugar & Industries Corporation Ltd, Ponni Sugars (Erode) Ltd, Kakatiya Cement Sugar & Industries Ltd and Sakthi Sugars Ltd are among the other gainers in the BSE s B group today, 03 May 2021.
Jayant Agro Organics Ltd surged 20.00% to Rs 196.2 at 11:58 IST. The stock was the biggest gainer in the BSE s B group. On the BSE, 1.26 lakh shares were traded on the counter so far as against the average daily volumes of 7517 shares in the past one month.