Hot Pursuit     11-Oct-23
NCL Inds edges higher after decent Q2 business update
NCL Industries advanced 2.53% to Rs 223.20 after the company announced that its cement production for the second quarter of FY24 was 659,300 MT, registering a growth of 9% on YoY basis.

The company's cement production in the same period last year was 603,520 MT.

Cement dispatches increased by 11% to 669,587 in Q2 FY24 as compared with Q2 FY23.

The production and dispatches of Cement Boards aggregated to 21,509 MT (up 12% YoY) and 20,239 MT (up 9% YoY), respectively.

RMC production & sales in Q2 FY24 added up to 66,263 CuM, up by 50% from 44,064 CuM in Q2 FY23. The company produced & sold 5,212 Doors during the quarter, up 23% YoY.

Energy (Hydro Power) generation declined 64% to 6.60 MU in Q2 FY24 from 18.26 MU in Q2 FY23.

NCL Industries manufactures different varieties of cement, cement bonded particle boards, ready-mix concrete and doors.

The company's consolidated net profit surged 146.29% to Rs 30.86 crore in the quarter ended June 2023 as against Rs 12.53 crore during the previous quarter ended June 2022. Sales rose 12.76% to Rs 440.53 crore in Q1 FY24 over Q1 FY23.

Previous News
  NCL Industries to conduct board meeting
 ( Corporate News - 04-Aug-23   10:56 )
  NCL Industries to convene AGM
 ( Corporate News - 10-Aug-24   11:18 )
  NCL Industries to convene board meeting
 ( Corporate News - 19-Oct-22   10:17 )
  NCL Industries to discuss results
 ( Corporate News - 02-May-24   20:06 )
  NCL Industries standalone net profit rises 665.93% in the December 2020 quarter
 ( Results - Announcements 08-Feb-21   16:13 )
  NCL Industries to declare Quarterly Result
 ( Corporate News - 24-Apr-21   10:23 )
  CRISIL Ratings upgrades credit ratings of NCL Industries
 ( Hot Pursuit - 17-Sep-21   12:22 )
  NCL Industries receives upgrade in credit ratings from CRISIL
 ( Corporate News - 17-Sep-21   11:59 )
  NCL Inds cement production rises 5% YoY in Q3
 ( Hot Pursuit - 08-Jan-24   12:35 )
  NCL Industries consolidated net profit rises 4.76% in the June 2021 quarter
 ( Results - Announcements 14-Aug-21   09:51 )
  NCL Industries surges after strong Q1 results
 ( Hot Pursuit - 16-Aug-17   14:30 )
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