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Binani Cement registers 12% growth in net sales

Business

Binani Cement Limited has announced its results for the third quarter ended 31 December, 2009 of FY 10. Accordingly, the net Sales increased by 36.98% to Rs. 13592 million as compared to Rs. 9924 million in nine months period FY09. EBIDTA has gone up by 114.43% to Rs. 4501 million from Rs.2099 million. PBT of nine months period FY10 stood at Rs.3256 million as compared to Rs 1002 million registering an increase of 224.79%.
PAT of nine months period FY10 stood at Rs.2650 million as compared to Rs 886 million registering an increase of 199.11%. Sales Volume grown to 3809340 MT , reported a growth of 30.38%. Power generation ( net of captive consumption) increased by 26.45% to 1659.35 lacs kwh.
Commenting on the Company’s performance in third quarter of financial year 2009 and business outlook, Mr. Vinod Juneja, Managing Director, Braj Binani Group said, “Year 2009 was the toughest year. Despite all the odds, with our increased capacity and strong business strategy we were able to achieve our share in the market. Binani has successfully excelled over its competitors and has made significant achievements by receiving awards and certificates in energy conservation, quality excellence, sustainability, environment excellence, and water & energy management.”

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