Shree Cement's net profit dips 10% in Q3 FY19

Shree Cement's net profit dips 10% in Q3 FY19

Shree Cement recorded a 10 per cent dip in its standalone net profit during the quarter ended December 31, 2018. The company's profit after tax (PAT) was Rs 301.29 crore as against Rs 333.33 crore in the corresponding quarter previous year. Its net income stood at Rs 2,835.94 crore, up 19 per cent from Rs 2,390.01 crore in the similar quarter last year.

The company's board of directors has declared an interim dividend at the rate of Rs 25 per equity share of Rs 10 each for the FY 2018-19. The dividend will be paid from 1st February, 2019.

Shree Cement has commissioned its 3Mt/yr integrated plant at Kodla, Kalaburagi in Karnataka state during the reporting quarter. The cement mill and the clinker line at the line were commissioned at the same time in late December 2018.

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