Binani Cement earnings at Rs 506.7m

Binani Cement earnings at Rs 506.7m
Published: 04 July 2007

Kolkata-based cement maker Binani Cement posted net profits of Rs 506.7m on sales of Rs 1,956.2m for the quarter ended June 2007.                                                                

Total income for the quarter stood at Rs 1,974.1 million, while EPS stood at Rs 2.49.

The company had entered the capital markets in May 2007 with an initial public offering (IPO) of 20.5 million shares in the price band of Rs 75 to Rs 85 a share.

Binani Cement mainly operates in states of Gujarat, Rajasthan, Haryana and Delhi. It has facilities to manufacture 2.25 MTPA of cement along with 25 MW coal/lignite based captive power plant at Sirohi, Rajasthan.