INSUBCONTINENT EXCLUSIVE:
Shree Cement on Tuesday reported a decline of 9.61 per cent in its standalone net profit to Rs 301.29 crore for third quarter ended December
The company had posted a net profit of Rs 333.33 crore in October-December quarter a year ago, Shree Cement said in a BSE filing
However, its total income was up 18.65 per cent to Rs 2,835.94 crore during quarter under review as against Rs 2,390.01 crore in
corresponding period of last fiscal
Total expenses rose to Rs 2,465.97 crore as against Rs 1,963.84 crore earlier, up 25.56 per cent
Its revenue from cement was up 16.32 per cent to Rs 2,559.38 crore, while revenue from power segment climbed 43.77 per cent to Rs 502.60
Meanwhile, in a separate filing, Shree Cement informed exchanges that its board in a meeting held on Tuesday declared an interim dividend
of Rs 25 per equity share of Rs 10 each for FY 2018-19
Shares of Shree Cement were trading at Rs 15,667.85 apiece on BSE, down 0.11 per cent.
