Sagar Cements has reported unaudited results for the first quarter ended June 30, 2011.

The company’s profit for the quarter ended June 30, 2011 has zoomed by 3330.19% at Rs 18.18 crore as compared to Rs 0.53 crore for the corresponding quarter last year. Its net sales has grown by 32.23% at Rs 172.50 crore for the quarter under review from Rs 130.45 crore for the same quarter last year.

Sagar Cements has recommended a dividend of 20% or Rs 2 per share on the equity shares of the company for the year ended March 31, 2011.

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