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
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?