Cement manufacturer Shree Cement posted a 2.87 per cent rise in its standalone net profit at Rs 309.95 crore in the quarter ended December 31, 2019. The net profit in the corresponding quarter last fiscal stood at Rs 301.29 crore. The Kolkata-headquartered firm’s net revenue stood at Rs 2,848.34 crore, up 2.43 per cent from Rs 2,780.63 crore clocked in the year-ago-period. The company said cement sales went up 6 per cent to 5.98 million tonne from 5.64 million tonne recorded in the corresponding quarter of the previous year. “With continuous focus on premium brand segment and reduction in fuel and other input costs, the EBIDTA (earnings before interest, depreciation, taxes and amortization) and net profit of the company increased during the quarter ended December 31, 2019,” Shree Cement said in a statement. The release further added, “cement demand has been largely muted due to slowdown in Indian economy. There are however, green shoots visible on the back of good monsoon and infra spending.” During the quarter under review, Shree Cement said it raised Rs 2,400 crore through Qualified Institutions Placement (QIP) and allotted 12,43,523 equity shares of Rs 10 each at a price of Rs 19,300 per equity share… Read full this story
- Macrotech Developers Q2 profit at Rs 223 crore; total revenue jumps over two-fold at Rs 2,201 crore
- ITC, Shree Cement most valuable companies in Bengal: Report
- Kotak Mahindra Bank reports 7% fall in September quarter profit at Rs 2,032 crore
- ICICI Securities Q2 Net Profit seen up 15.8% YoY to Rs. 322 cr: Motilal Oswal
- ICICI Securities Q2 PAT up 26% to Rs 351-crore; announces interim dividend of Rs 11.25/share
- Avenue Supermarts shares jump nearly 11% as Q2 profit rises two-fold
- Infosys Q2 Profit Up 11.9% to Rs 5421 Crore, Raises Revenue Forecast for FY22
- Sika Interplant Consolidated September 2021 Net Sales at Rs 35.96 crore, up 119.86% Y-o-Y
- Kovai Medical Standalone September 2021 Net Sales at Rs 218.00 crore, up 18.76% Y-o-Y
- Gajanan Sec Standalone September 2021 Net Sales at Rs 0.14 crore, up 169.38% Y-o-Y
Shree Cement Q3 net profit rises 3% to Rs 310 crore have 298 words, post on economictimes.indiatimes.com at February 15, 2020. This is cached page on NGHONG. If you want remove this page, please contact us.