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 and are trading at ₹193.70 , down-from-52-week-high.
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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