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

01 Nov 2021 CW Team

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

Infrastructure Urban

08 Apr 2026

UniAcoustic, Vicoustic Form UniVicoustic Alliance

UniAcoustic, part of United Group, has acquired a strategic stake in Portugal-based Vicoustic, forming a new alliance branded as UniVicoustic. The agreement, signed in Mumbai, marks a significant cross-border partnership aligned with evolving India–EU trade dynamics.The collaboration brings together Vicoustic’s global expertise in architectural acoustic products with UniAcoustic’s manufacturing scale and distribution capabilities. The combined platform aims to expand market reach, integrate technology and optimise supply chains across key regions.The development comes amid progress in th..

Dalmia Bharat, Delhi PWD Revamp Under-Flyover Spaces

Dalmia Bharat has partnered with the Public Works Department (PWD), Government of Delhi, to redevelop select under-flyover spaces and a road stretch into sustainable urban hubs. The agreement covers key locations including Lodhi Flyover, Oberoi Flyover, Mangi Bridge and Hanuman Setu.Under the initiative, the company will undertake design, landscaping, plantation and long-term maintenance of the sites, with a defined upkeep period of three years after completion. The project aims to improve urban aesthetics while promoting environmental sustainability and biodiversity restoration in high-densit..

Versigent Debuts as Independent NYSE-Listed Company

Versigent has launched as an independent publicly traded company following its separation from Aptiv, with shares commencing trading on the New York Stock Exchange under the ticker “VGNT”. The move marks a significant milestone in the company’s transition into a standalone global player in power distribution systems.The company specialises in the design, manufacturing and delivery of low- and high-voltage electrical architectures, supported by engineering centres across four continents and manufacturing operations in over 25 countries.Versigent reported revenues of $8.8 billion, net inco..