SAGAR CEMENTS LTD = RESULTS FOR = Q1 FY 2012 (JUNE 2011) =

Sagar Cements Limited

NSE Symbol        SAGCEM

SAGAR CEMENTS has declared its results for qtr1 FY 2012 ending June 2011.

Net Sales is Rs.172.49 cr – up by 2.54% from Q4 FY 11 and up by 32.23% from Q1 FY 11. Thus, there is good improvement over previous qtr as well as corresponding qtr in Sales.

Total Expenditure for Q1 is Rs.138.29 cr – up by          2.14% from Q4 Fy 11 and up by 11.22% from Q1 FY 11.

Profit from Operations for Q1 FY 12 is Rs.34.20 cr – up by 4.16% from Q4 FY 11; and up by 459.95% from Q1 FY 11.

Due to lower Other Income, the Profit before tax in Q1 FY 12 is Rs.25.67 cr only – Down by 7.69% fromQ4 FY 11 and up by 6679.93% from Q4 FY 11.Sales and profits were very low in Q1 FY 11.

Net Profit  for Q1 FY 12 is Rs.18.18 cr – down by 5.63% from Q4 FY 11 and Up by 3339.27% from Q1 FY 11.

On a face value of Rs.10, the Basic EPS is Rs.12.89 for Q1 FY 12 – against Rs.12.84 in Q4 FY 11 and Rs.0.35 in Q1 FY 11. The equity is slightly Lower in current Qtr.

Current MP is Rs.141.

QTRLY RESULTS TABLE

SAGAR CEMENT	Q1 FY 12	Q4FY11	Q1FY11
Net Sales	17249.63	16822.86	13044.71
Increase in SIT /WIP	749.31	-1579.1	55.02
Raw Materials	4895.77	6606.08	4999.76
Traded Goods	-	1023.82	1052.02
Employees Cost	540.41	424.59	398.82
Depreciation	634.88	675.05	662.97
Other Expenditure	7008.95	6388.6	5265.3
Total Expenditure	13829.32	13539.04	12433.89
Profit from Operations	3420.31	3283.82	610.82
Other Income	16.61	329.99	123.81
Interest	870.04	832.99	696.77
Profit before tax	2566.88	2780.82	37.86
Tax expense	748.88	854.31	-15
Net Profit	1818	1926.51	52.86
Face Value (In Rs	10	10	10
Paid Up Equity	1410.23	1500.23	1500.23
Basic EPS	12.89	12.84	0.35
Diluted EPS	10.46	12.84	0.35
Public holding (%)	59	56	56

ANNOUNCEMENTS TO NSE

12-07-2011          Sagar Cements has recommended a dividend of 20% (Rs.2.00 per share) on the equity shares of the Company for the year ended March 31, 2011.

18-05-2011          the Hon'ble High Court of Andhra Pradesh has since sanctioned, with out any modification, the Scheme of Amalgamation of Amareswari Cements Limited with Sagar Cements Limited. Further, the company is in the process of completing the remaining formalities for giving effect to the said merger, the Board, pending the availability of the financials of the merged company, has deferred its recommendation for dividend for the year 2010-11.

23-10-2010          Sagar Cements Limited has informed the Exchange that the Board of Directors of the Company at their meeting held on October 22, 2010 accepted the reports of M/s.Deloitee Touche Tohmatsu India Pvt. Ltd.,(Deloitte) and M/s. KPMG India Pvt.Ltd.,(KPMG),determining a fair Exchange Ratio for the said merger as 10 Equity shares of Rs 10/- each of Sagar Cements for every 14 equity shares of Rs. 10/- held in M/s.Amareswari Cements Limited. This merger, which is subject to the required statutory, shareholders and other approvals/ consents, provides for issue of 32,85,714 equity shares by Sagar Cements Limited to the shareholders of Amareswari Cements Limited and the extinguishment of 9,00,000 equity shares held by Amareswari Cements Limited as investment in Sagar Cements Limited. April 01, 2010 is the appointed date for the merger.       -

20-05-2010          Sagar Cements Limited had informed the Exchange regarding Board's decision to divest the stake of 27,72,430 equity shares of Rs.10/- each in the subsidiary company viz., Sagar Power Limited to enable them to focus more attention on the core cement business. The Company has now informed the Exchange that "In accordance with the decision taken by our Board at its meeting held on 18th May 2010, the said divestment would be implemented in stages at a price which shall be not less than Rs.59/- per share in respect of 14,67,830 equity shares which is the fair value per share determined by Deloitte Touche Tohamatsu India Pvt. Ltd., an independent valuer appointed for the purpose. In respect of the remaining 13,04,600 equity shares, which had been acquired by the Company at Rs.10/- per share under an agreement dated 30th October 2000 the divestment would take place at Rs.10/- per share in accordance with the said agreement, which was also duly taken note of by the above said independent valuer".

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