Shree Cement net profit declines 23.6% to Rs 482 cr in Q3 FY22

09 Feb 2022 CW Team

Shree Cement registered a 23.6% decline in consolidate

The consolidated net sales of the company have increased by 2.2% in comparison with Q3 FY21 which is Rs 3,637.11 crore in Q3 FY22.The Profit before tax (PBT) is Rs 619.84 crore in Q3 FY22, which is 27.3% lower than Rs 852.14 crore in Q3 FY21.

The total expenses of Shree cement have increased by approximately 15% from Rs 2,430 crore recorded in Q3 FY21 to Rs 2,791 crore in Q3 FY22.

Shree Cement stated that considering the present situation of the Covid-19 pandemic, the company currently remains uncertain about the extent of the impact on the organisation’s future financial results and will depend on further developments.

However, the Board of Directors of the company has declared an interim dividend that amounts to Rs 45 per equity share for the fiscal year 2021-22.

Shree Cement is among the top three cement producers in India. Their portfolio of products comprises Bangur Cement, Rockstrong Cement, Shree Jung Rodhak Cement, and Roofon.

The company has also installed a power generation capacity of 752 MW which includes solar power, wind power, waste heat recovery power, and others.

On Friday, the shares of Shree Cement stood at Rs 24,704.25, 0.54% lower. And the result had been announced post-market hours on the same day.

Image Source

Also read: Shree Cement to set up Rs.150 bn greenfield cement factory in Guntur

Infrastructure Transport

12 May 2026

Delhi Metro Expansion Plan Adds Seven Corridors And 65 Stations

The Delhi Metro Rail Corporation (DMRC) has set out a major expansion plan under Phase V-B that envisages Seven new corridors covering 97 km and adding 65 stations to the network. The project description released by authorities outlines the scale of planned growth and the areas to be brought into the metro network. The proposal forms part of a broader strategy to enhance urban mass transit in the capital region. The documentation provides route maps, preliminary station lists and indicative interchange locations for planners. The new corridors are designed to extend connectivity across underse..

HYDRAA Demolishes Eight Crushing Units And Three RMC Plants

HYDRAA demolished eight cement and stone crushing units and three ready mix concrete (RMC) plants in Gowlidoddy, Vattinagulapally, Gopanpally and Shamshabad's Kothwalguda on Tuesday. The agency said the operation followed reports from the Telangana Pollution Control Board (TGPCB), the mines and geology department and a letter from the Rangareddy district collector. Authorities alleged that the units lacked the required approvals from the TGPCB and mining authorities and had continued operations despite notices and warnings. HYDRAA initially named several operators in its press release, citing ..

Rising Packaging Bag Costs Hit UltraTech Cement

UltraTech Cement has identified rising packaging bag costs as a major headwind for its operations, an official said. Packaging bags represent a key input for finished product distribution and have seen sustained price increases that are squeezing manufacturing margins. The company described the pressure as material to near-term profitability and as complicating pricing decisions across its product portfolio. Management indicated that the cost rise is driven by raw material and logistics factors along the supply chain rather than a single transient event. To mitigate the impact, the company is ..