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Madras Cements jumps on reporting 9% rise in Q3 net profit

13 Feb 2013

Madras Cements is currently trading at Rs. 238.00, up by 3.20 points or 1.36% from its previous closing of Rs. 234.80 on the BSE.

The scrip opened at Rs. 237.40 and has touched a high and low of Rs. 240.00 and Rs. 235.10 respectively. So far 43,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 253.45 on 28-Dec-2012 and a 52 week low of Rs. 133.15 on 18-May-2012.

Last one week high and low of the scrip stood at Rs. 239.00 and Rs. 232.00 respectively. The current market cap of the company is Rs. 5,663 crore.

The promoters holding in the company stood at 42.32% while Institutions and Non-Institutions held 29.45% and 28.23% respectively.

Madras Cements has reported results for third quarter ended December 31, 2012.

The company has reported 8.80% rise in its net profit at Rs 83.60 crore for the quarter as compared to Rs 76.84 crore for the same quarter in the previous year. Total income from operation of the company has increased by 21.57% at Rs 906.77 crore for quarter under review as compared to Rs 745.87 crore for the quarter ended December 31, 2011.

Madras Cements (MCL) was established in 1957, is part of Ramco Group, a well known business group of South India. It is based at Chennai. The company is the fifth largest cement producer in the country. Ramco Supergrade is the most popular cement brand in South India.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323