Sagar Cement is literally seeing an ocean of trade on its counter today. A thinly traded stock, from a two week average of mere 224 trades, today alone it has clocked volume of 8374 trades, surge of over 37 times.  Also, the stock hit a record high of Rs.420 and it currently remains some 13% up at Rs.397 levels.

The reason for this spike up is the turnaround Q4Fy15 performance. The company reported a net sales of Rs.191 crore, up 30% (YoY) while EBITDA turned around from a loss of Rs.5 crore to a whopping profit of Rs.41 crore.  EBITDA Margins improved to 21.80% and PAT was at Rs.22 crore v/s loss of Rs.11 crore in Q4Fy14. The plant operated at around 70.84% capacity. Approximately 71% of cement dispatches was to various markets outside Andhra Pradesh & Telangana .

The company ended FY15 with a 18% rise in net sales at Rs.576 crore and net profit was at Rs.297 crore of which Rs.280 crore came in via sale of investments. For the entire year as such, the plant operated at around 57.5% capacity, which clearly means that it was Q4 which was the clincher.