Economy & Market
Shree Cement profit slips
Shree Cement matched street expectations with the second quarter net profit falling 18.9 per cent year-on-year to Rs 93.7 crore. Profit was impacted by higher costs of depreciation, freight and power and fuel but was supported by higher other income, revenue and tax gain. Total income of the cement maker grew 17.2 per cent to Rs 1,544.5 crore during October-December quarter from Rs 1,318 crore in same quarter last year.