Sagar Cements turns around with Rs 22 cr profit in Q4

The company had posted a loss of Rs 8.83 crore in the corresponding quarter last year

Hyderabad-based Sagar Cements Limited has reported a net profit of Rs 21.7 crore for the quarter ended March, 2015 on the back of increased revenues and the profit margins, as compared with a net loss of Rs 8.83 crore in the corresponding quarter last year.

Total income for the company grew 31.4 per cent at Rs 196.17 crore in the quarter under review as compared to Rs 149.29 crore in the year ago period.

Expenditure for the quarter marginally lower by 1.93 per cent at Rs 155.06 crore from Rs 158.11 crore in the corresponding previous quarter, pushing the gross profit margins.

For the full year the company's net profit stood at Rs 296.65 crore as compared to a net loss of Rs 25.58 crore in the previous year.