Shree Cement Q4 results: Profit surges 83% YoY to Rs 588 crore, beats Street estimates

Shree Cement on Friday posted a 83.25 per cent year-on-year (YoY) rise in net profit at Rs 588.15 crore for the quarter ended March 31. The figure beat ET NOW poll of Rs 415 crore profit.

Revenue of the company, however, declined 2 per cent YoY to Rs 3,217.54 crore during the quarter under review. ET Now poll had projected the number at Rs 3,320 crore.

Total expenditure declined to Rs 2,647.51 crore in Q4FY20 from Rs 2,927.33 crore in Q4FY19.


Earlier in the day, share price of the company settled 1.58 per cent higher at Rs 18,680 ahead of its financial results. The benchmark BSE Sensex closed 0.63 per cent higher at 31,642.70.