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

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

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

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

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement