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Sagar Cements Ltd's net profit decreased to Rs 2.4 crore in the fourth quarter ended March 31 compared with Rs 19.2 crore in the corresponding quarter of pervious year.
The total revenue of the Hyderabad-based company, however, had increased 6.6 per cent at Rs 157.5 crore (Rs 147.8 crore), the Bombay Stock Exchange was informed.
When contacted, Mr Srikanth Reddy, Executive Director, told Business Line that lower realisation, higher power charges and stock adjustments were behind the dip in net profit.
For the full-year, net profit more than doubled at Rs 44.1 crore against Rs 17.4 crore in the previous year.
The total revenue increased to Rs 606 crore from Rs 425 crore.
This was driven by over-all efficiency of the plant and increase in other operating income due to incentives received under Andhra Pradesh State Industrial Promotion policy, Mr Reddy said.
The earnings per share was at Rs 25.37 (Rs 11.61).
The company's board had recommended a dividend at 30 per cent (Rs 3 a share) on the equity shares of the company for the year ended March 31, 2012.
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