Shree Cement Q1 Results: Profit plunges 56% YoY to Rs 278 cr even as revenue rises

Shree Cement on Thursday reported a 55.62 per cent year-on-year (YoY) plunge in consolidated net profit at Rs 279.50 crore for the June quarter compared with Rs 629.90 crore in the same quarter last year.

This is even as revenue from operations climbed 21.45 per cent YoY to Rs 4,414.85 crore from Rs 3,634.83 crore in the same quarter last year.

On a standalone basis, profit fell 52.3 per cent YoY to Rs 316 crore from Rs 662 crore.


Ebitda on a standalone basis declined 19.3 per cent to Rs 819 crore from Rs 1,015 crore. The standalone margin came in at 19.5 per cent against 29.4 per cent YoY, ET NOW reported.