Star Cement consolidated net declines 17% in March 2019 quarter

Star Cement consolidated net declines 17% in March 2019 quarter

Star Cement's net profit declines 16.76 per cent to Rs 89.78 crore in the quarter ended March 2019 as against Rs 107.86 crore a year ago. Sales rose 1.33 per cent to Rs 534.43 crore in the quarter ended March 2019 as against Rs 527.44 crore during the previous year's quarter.

For the full year, the net profit declined 9.64 per cent to Rs 298.78 crore in the year ended March 2019 as against Rs 330.66 crore during the previous year ended March 2018. Sales rose 13.41 per cent to Rs 1831.04 crore in the year ended March 2019 as against Rs 1614.53 crore during the previous year.

Star Cement standalone net profit declines 5.42 per cent in the December 2018 quarter, while its consolidated net profit rises 45.39 per cent in the September 2018 quarter.

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