Barak Vally Cements Q3 Result 2024: Date and Time, Share Price and Target

News: Barak Valley Cements, a prominent player in the construction and raw materials sector, recently released its financial results for the third quarter of 2024. In this article, we’ll delve into the key highlights of their performance, including revenue, profit, and other essential metrics.

Q3 2024 Earnings Report

1. Revenue

• Total Revenue: Barak Valley Cements achieved a total revenue of ₹45.17 crores during the quarter ending December 2022.

2. Profitability

• Gross Profit: The company’s gross profit stood at ₹35.78 crores.
• Operating Income: Barak Valley Cements reported an operating income of ₹4.13 crores.
• Net Income After Taxes: The net income after taxes amounted to ₹1.51 crores.

3. Other Financial Metrics

• Diluted Earnings Per Share (EPS): The diluted EPS (excluding extraordinary items) was ₹0.68.
• Dividend Per Share (DPS): No dividends were issued during this period.

Share Price and Market Performance

Barak Valley Cements’ stock is actively traded on both the BSE and NSE. As of January 18, 2024, the share price stands at ₹52.50, with a slight decrease of 0.47%.

Company Background

Barak Valley Cements was established as a Public Limited Company in 1999 under the Companies Act, 1956. The visionaries behind its inception are Mr. Prahlad Rai Chamaria, Mr. Bijay Kumar Garodia, and Mr. Santosh Kumar Bajaj. All three promoters hail from the North East Region and are well-respected business figures there.

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Core Business

The company’s primary focus is on manufacturing and selling cement of various grades. Their product proudly bears the name Valley Strong Cement. Barak Valley Cements produces both Ordinary Portland Cement (OPC) and Portland Pozzolana Cement (PPC).

Production Capacity

• Cement: The company has a production capacity of 0 TPD (tonnes per day).
• Clinker: The clinker production capacity also stands at 0 TPD.

Subsidiaries

1. Valley Strong Cements (Assam) Limited (VSCL):
   • Acquired by Barak Valley Cements in 2011.
   • Proposed project for manufacturing Ordinary Portland Cement, Pozzolona Portland Cement, and Cement Clinker.
   • The plant’s capacity will be 2000 tonnes per day.
   • Aims to serve the cement needs of Barak Valley, Mizoram, Tripura, Manipur, Arunachal Pradesh, Nagaland, and other parts of Assam.
2. Badarpur Energy Private Limited (BEPL):
   • Acquired by Barak Valley Cements in 2005-06.
   • Formerly operated a 6.00 MW biomass-based Power Plant near Badarpurghat.
   • Used rice husk as fuel for power generation.
   • The plant was later disposed of in 2017-18.
3. Meghalaya Minerals & Mines Limited (MMML):
   • Became a 100% subsidiary of BVCL in 2006.
   • Sole supplier of Limestone, a crucial raw material for cement production.
   • Operates a Limestone Crushing and Galvanized Plant at Lumshnong, Meghalaya.

Investors and stakeholders keenly await the company’s financial updates. Barak Valley Cements’ Q3 results provide valuable insights into its operational efficiency and financial health. Stay tuned for further developments!

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