Monday, June 30, 2008

India Cements hits 52-week trough on dismal Q4 numbers

India Cements declined 6.21% to Rs 137.55 at 14:22 IST on BSE on reporting 38.25% fall in net profit to Rs 104.44 crore on 10.07% increase in total income to Rs 1010.63 crore in Q4 March 2008 over Q4 March 2007.

The company announced the results during trading hours today, 30 June 2008.

The stock hit a 52-week low of Rs 133.75 in the counter so far during the day. The stock hit a high of Rs 147.90 so far during the day. The stock had a 52-week high of Rs 333 on 14 December 2007.

The company has an equity capital of Rs 281.88 crore. Face value per share is Rs 10.

The current price of Rs 137.55 discounts its Q3 December 2007 annualised EPS of Rs 18.03, by a PE multiple of 7.63.

India Cements’ net profit rose 33.15% to Rs 637.54 crore on 37.57% increase in total income to Rs 3605.61 crore in the year ended March 2008 over the year ended March 2007.

In February 2008, India Cements acquired a second bulk cargo carrier with capacity of 38,002 deadweight tonnages (DWT) from Essar Shipping, Mumbai.

India Cements is engaged in manufacturing and marketing cements.

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