Shree Cement net profit rises 68%
Shree Cement Ltd reported a 68.4 per cent rise in consolidated net profit at Rs 527.87 crore during the September quarter of FY 21, as against a net profit of Rs 313.30 crore during the same period last year led by better realisations and cost savings.
The company’s revenue from operations went up 8 per cent at Rs 3249.93 crore. Shree Cement’s earnings before interest, taxes, depreciation and amortisation grew by 17 per cent year-on-year and 41 per cent quarter on quarter to Rs 990 crore. The Ebitda/tonne stood at Rs 1,510 during the September quarter as against Rs1451 in the same quarter last year.
On a quarterly basis, Shree Cement’s total expenses came down by 21 per cent at Rs 2623.82 crore, while it was 2163 during the June quarter. The company’s finance cost has come down by 12 per cent to Rs 63.90 crore and the employee cost has come down by 8 per cent to Rs 197.79 crore during the quarter under review.