Star Cement Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2021
November 01, 2021 at 03:51 am EDT
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Star Cement Limited reported earnings results for the second quarter and six months ended September 30, 2021. For the second quarter, the company reported sales was INR 4,065.7 million compared to INR 4,019 million a year ago. Revenue was INR 4,152.59 million compared to INR 4,084.82 million a year ago. Net income was INR 465.34 million compared to INR 602.73 million a year ago. Basic earnings per share from continuing operations was INR 1.13 compared to INR 1.46 a year ago. Diluted earnings per share from continuing operations was INR 1.13 compared to INR 1.46 a year ago.
For the six months, sales was INR 9,176.91 million compared to INR 6,938.72 million a year ago. Revenue was INR 9,348.3 million compared to INR 7,063.25 million a year ago. Net income was INR 1,145.26 million compared to INR 1,035.82 million a year ago. Basic earnings per share from continuing operations was INR 2.78 compared to INR 2.51 a year ago. Diluted earnings per share from continuing operations was INR 2.78 compared to INR 2.51 a year ago.
Star Cement Limited is an India-based cement company in North-Eastern India. The Company is engaged in the manufacture of cement, cement clinker, and generation of pawer. It operates through segments: Cement and Power. The Company has its 1.67 million tons per annum (MTPA) integrated cement plant in the idyllic town of Lumshnong in Meghalaya. Its product range for construction includes Ordinary Portland Cement (OPC 43-Grade) and (OPC 53-Grade) and Portland Pozzolana Cement (PPC), Portland Slag Cement (PSC) and a marque product in the value-added segment Anti Rust Cement (ARC). In addition, the Company has two grinding units, a two MTPA cement unit in Sonapur near Guwahati and another cement unit at Mohitnagar near Siliguri in West Bengal, with a capacity of two million tons per annum (MTPA), with an installed capacity of around 5.7 MTPA. The Company is selling its product across northeastern and eastern states of India.