India: Sagar Cements reports 16% rise in March sales

India’s Sagar Cements Ltd reported a 16 per cent increase in March sales from 170,410t in 2015 to 197,583t. Sales were particularly strong in Andhra Pradesh and Telangana, where they rose by 135 per cent to 59,830t and by 119 per cent to 52,101t, respectively. Sales in Karnataka were hit by a 47 per cent decline and in Tamilnadu they fell by 36 per cent. Orissa and Maharashtra recorded decreases of 18 and six per cent, respectively. Output saw a 42 per cent rise from 140,480t in March 2015 to 200,000t in March 2016.

In the FY to date (April 2015-March 2016), Sagar Cements experienced a seven per cent increase in sales to 1,653,525t from 1,550,098 year earlier.