NCL Industries shares gain 3% on higher production, sales data

The cement boards production rose 12 percent to 21,509 metric tonnes, and cement boards dispatches increased by 9 percent to 20,239 metric tonnes.

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NCL Industries share price rose 3 percent in the early trade on October 11 after the company announced production and dispatches.

At 9:22am, NCL Industries was quoting at Rs 224.85, up Rs 7.15, or 3.28 percent on the BSE.

The company’s cement production for the quarter ended September 2023 at 6,59,300 metric tonnes, up 9 percent, while cement dispatches were up 11 percent at 6,69,587 metric tonnes.

The cement board production rose 12 percent to 21,509 metric tonnes, and cement board dispatches increased 9 percent to 20,239 metric tonnes.

The RMC Production & Sales jumped 50 percent at 66,263 metric tonnes and Doors Production & Sales were up 23 percent at 5,212 metric tonnes.

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The Cement Production for the half year ended September 2023 grew 16 percent at 1,409,821 metric tonnes and Cement Dispatches jumped 17 percent at 1,411,644 metric tonnes.

The RMC Production & Sales increased by 48 percent at 137,239 metric tonnes.