+
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
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code