NCL Industries skids 1% as it posts marginal decline in cement production for FY22

6 Apr 2022 , 09:51 AM

NCL Industries Limited has informed investors and exchanges of production & dispatch details of cement, cement particle boards, ready mix concrete, doors, and energy for the quarter and year ended March 31, 2022.

The company has posted cement production of 6,59,485 MT for Q4FY22 as compared to 6,91,136 MT in Q4FY21, registering a decline of 5% yoy. While production for the financial year ended March 31, 2022, stood at 26,04,200 MT as compared to 24,04,035 MT in the financial year ended March 31, 2021, up by 8% yoy.

It reported a downfall of 5% in its cement dispatches at 6,67,674 MT for the quarter under review as compared to 7,01,949 MT for Q4FY21. It reported a growth of 7% yoy in cement dispatch for the financial year ended March 2022 at 26,02,086 MT as against 24,28,275 MT in the financial year 2021.

Company’s door production and sales shot up by 91% to 4,247 units in Q4FY22 as against 2,222 units in Q4FY21. It witnessed a growth of 114% in the current financial year at 14,230 units against 6,646 units in the financial year ended March 31, 2021.

Cement Boards production was 18,977 MT for Q4FY22, reporting a decline of 4% as against 19,740 MT in Q4FY21. Cement Boards Production for the financial year 2022 grew by 28% yoy to 75,219 MT as against 58,690 MT in the previous financial year.

NCL Industries is currently trading at Rs202.25 down by Rs2.05 or 1% from its previous closing of Rs204.30 on the BSE. The scrip opened at Rs206 and has touched intraday high and low of Rs206.55 and Rs202 respectively.