+
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

Next Story
Real Estate

We aim to grow strategically across the redevelopment and mid-premium segments

With over 10 million sq ft delivered and more than 10,000 families served, Ramky Estates has emerged as a trusted name in responsible urban development. In this conversation with CW, Nanda Kishore, Managing Director, Ramky Estates, shares insights on the company’s growth philosophy, foray into the Mumbai market, commitment to sustainability, and vision for future-ready communities that blend smart living with long-term value creation.Over 10 million sq ft delivered is no small feat – what has been the driving ethos behind Ramky Estates’ journey so far?Real estate is not just a secto..

Next Story
Real Estate

We aim to triple our India business by 2030

Step into a TOTO bathroom and you don’t just see design – you feel it. From the soft, warm seat to the gentle rhythm of cleansing water and silent air drying, every interaction is engineered for delight. TOTO doesn’t sell products; it crafts rituals. With Japan’s legacy of innovation and India’s appetite for refined living, the brand is not just redefining luxury – it’s awakening the senses, one ‘Washlet’ at a time.In an exclusive conversation with FALGUNI PADODE, Group Managing Editor, CW, Shiozawa Kazuyuki, Managing Director, and Kokubu Yohei, Sales Unit Head, TOTO Ind..

Next Story
Real Estate

Not Just Glass Boxes!

India is moving away from the ‘glass box’ syndrome, all-glass façades that were widely used in commercial buildings in the last two decades but came at a significant environmental cost given the country’s predominantly hot and humid climate. Poor thermal performance, excessive heat gain and dependency on mechanical cooling systems made buildings with glass façades energy guzzlers and significantly increased their carbon footprint.That said, it’s important to be aware that “glass is not the enemy,” points out Heena Bhargava, Architect, Architecture Discipline. “How it is used ma..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?