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Saurashtra Cement records substantial rise in 4Q net profit

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World Cement,

Indian manufacturer Saurashtra Cement has posted its key financial data for both the quarter and fiscal year ended 31 March 2014.

Quarterly highlights

According to reports, net profit of Saurashtra Cement increased by 103.76% y/y to Rs.18.42 crore in the quarter ended 31 March 2014, compared to Rs.9.04 crore during the corresponding quarter in 2013. Cement sales saw a 36.49% y/y improvement to Rs.174.80 crore during the reporting period, compared to Rs.128.07 crore recorded during the quarter ended 31 March 2013.

Full year highlights

For the full year ended 31 March 2014, net profit declined by 88.78% y/y to Rs.20.65 crore, against Rs.184.04 crore during the previous year. Cement sales fell by 0.88% to Rs.526.33 crore during the reporting period, compared to Rs.530.98 crore recorded during the year ended 31 March 2013.

Saurashtra Cement, part of the Mehta Group, manufactures Portland pozzolana cement (PPC), ordinary Portland cement (OPC 53 grade, 43 grade), sulfate resisting Portland cement (SRPC) and clinker. Saurashtra Cement Ltd, Ranavav is a dry process cement plant using state of the art precalciner technology, which consists of in-line (ILC) and separate line calciner (SLC) for pyroprocessing. The company has won the Indian cement industry's prestigious national award for energy efficiency.

Edited from various sources by Rosalie Starling

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