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NCL Industries Shares Gains 3% on Higher Production and Dispatches Data

RMC Production & Sales saw a significant jump of 50% YoY to 66,263 metric tonnes for Q2FY24.

Shares of NCL Industries were trading 3% above on 1 October after the company announced its Production and dispatch details of Cement, Cement Particle Boards, RMC and Doors for the quarter ended 30 September 2023.

The company’s cement production for Q2 was 6,59,300 metric tonnes, 9% above the 6,03,520 metric tonnes produced in Q2FY23.

Its cement dispatches for the July-September quarter were up by 11% YoY at 6,69,587 metric tonnes against the 6,04,786 metric tonnes of cement dispatched in the same quarter of the previous fiscal year.

However, the cement board production grew by 12% YoY from 19,198 metric tonnes during Q2FY23 to 21,509 metric tonnes for the quarter under review. The cement board dispatches saw a 9% YoY increase from 18,644 metric tonnes to 20,239 metric tonnes for the same period.

The RMC Production & Sales saw a significant jump of 50% YoY to 66,263 metric tonnes for Q2FY24 from 44,064 metric tonnes produced in the same period last year.

The company’s Doors Production and Sales saw a significant jump of 23% YoY at 5,212 metric tonnes for the July-September quarter.

At 10:47 am, the shares of NCL Industries were trading at Rs 222.70 or 2.20% above its previous close on NSE.

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