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Madras Cements drops after poor Q4 earnings

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The company announced Q4 results during trading hours today, 30 May 2013.

Meanwhile, the S&P BSE Sensex was up 21.65 points or 0.11% at 20,169.29.

On BSE, 9.33 lakh shares were traded in the counter as against average daily volume of 37,365 shares in the past one quarter.

The stock hit a high of Rs 244.95 and a low of Rs 237 so far during the day. The stock had hit a record high of Rs 269 on 15 March 2013. The stock had hit a 52-week low of Rs 134.40 on 1 June 2012.

The stock had underperformed the market over the past one month till 29 May 2013, gaining 1.75% compared with the Sensex's 3.92% rise. The scrip had also underperformed the market in past one quarter, rising 0.87% as against Sensex's 6.82% gain.

 

The mid-cap cement company has equity capital of Rs 23.80 crore. Face value per share is Re 1.

Madras Cements' net profit rose 4.81% to Rs 403.65 crore on 18.91% growth in total income to Rs 3872.66 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).

South-India based Madras Cements makes blended cement, ready-mix concrete and dry mortar mix. The company also generates power from windmills.

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First Published: May 30 2013 | 1:04 PM IST

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