Binani Cement net up 12.70% for Dec`07 (QoQ)

Binani Cement registered a growth of 12.70% in net profit to Rs 539.50 million for the quarter ended Dec. 31, 2007, as compared to Rs 478.70 million in the quarter ended Sep. 30, 2007.

Net sales stood at Rs 2,333.10 million in the quarter ended Dec. 31, 2007, as against Rs 2,137.40 million in the quarter ended Sep. 30, 2007, recording a growth of 9.16%.

Quarterly results (Rs in mn)
As at	December 2007(3)	September 2007(3)	%Change
Net sales	2,333.10	2,137.40	9.16
Net Profit	539.50	478.70	12.70
Basic and Diluted EPS	2.66	2.36	12.71

Total Income reported a 7.11% increase to Rs 2,353.10 million for the quarter ended Dec. 31, 2007 from Rs 2,197 million for the quarter ended Sep. 30, 2007.

The basic and diluted earning per share (EPS), after extra ordinary items, stood at Rs 2.66 for the quarter ended December 2007, as against Rs 2.36 for September 2007 quarter, representing a growth of 12.71%.

Binani Cement is the flagship company of the Binani group, which has diversified manufacturing interests in cement, zinc and glass fiber. It produces grade 43, grade 53, and PPC (portland pozzolana cement). Binani Cement is one of the leading players in the cement markets of Northern and Western India and in Rajasthan has 13.4% market share. The company`s cement is marketed under the brand name Binani.

Shares of the company declined Rs 1.15, or 0.98%, to settle at Rs 116.6. The total volume of shares traded was 273,999 at the BSE. (Friday)