Investing.com - Sagar Cements Ltd reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Sagar Cements Ltd announced earnings per share of ₹-3.76 on revenue of ₹4.75. Analysts polled by Investing.com anticipated EPS of ₹-3.07 on revenue of ₹4.69B.
Sagar Cements Ltd shares are down 28.18% from the beginning of the year , still down 35.00% from its 52 week high of ₹298.00 set on Monday, November 8, 2021.
Sagar Cements Ltd follows other major Materials sector earnings this month
Sagar Cements Ltd's report follows an earnings missed by Asian Paints on Thursday, who reported EPS of ₹8.16 on revenue of ₹84.58B, compared to forecasts EPS of ₹10.15 on revenue of ₹87.88B.
UltraTech Cement had missed expectations on Wednesday with second quarter EPS of ₹26.2 on revenue of ₹138.9B, compared to forecast for EPS of ₹33.78 on revenue of ₹133.27B.
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