Shree Cements records 7% rise in net profit to Rs 563.94 cr in Q2 FY22

Cement manufacturing company Shree Cements has registered an increase of 7% in its net consolidated profit during the quarter ended September 2021. Its profit after tax (PAT) reached Rs 563.94 crore in Q2 FY22 compared to Rs 527.87 crore it recorded in the similar quarter previous financial year, the firm said in a BSE filing. The firm's net consolidated total income reached Rs 3,526.95 crore in Q2 FY22, a growth from Rs 3,364.84 crore it recorded in a corresponding quarter the previous year. In a separate regulatory filing, the firm notified that Om Prakash Setia has resigned from the position of the independent director of the firm effective October 29, 2021, due to personal reasons. As of September 30, 2021, its debt-equity ratio reached 0.09, net worth was Rs 16,281.46 crore, total debt to total assets was 9%, operating margin was 33%, and net profit margin was 18%, the firm said in the regulatory filing. Image Source Also read: HeidelbergCement’s net profit slumps 4.55% to Rs 59.56 cr in Q2 FY22