Analysts expected the company to report a net profit of Rupees. Estimated income of Rs is 535.4 rupees. 3,245.6 Chlore.
The company’s pre-tax profit was rupees up 107% year-on-year. Rs 84.66 billion, reflecting the strong pricing of cement companies and the impact of the demand environment.
The total quarterly cost of Shree Cement increased by only 3 percent to rupees. 2,569.6 chlores, improving operational performance.
According to analysts, Shree Cement’s revenue is in line with strong revenues reported by peers such as UltraTech Cement, and the sector is benefiting from higher volumes and a strong pricing environment.
The company’s share price ended at a rupee of 1.4% lower. 22,773.4 at NSE on Friday.
Shree Cement Third Quarter Revenue: Shree Cement Third Quarter Results: Net Income Up 102% YoY to Rs 626
https://economictimes.indiatimes.com/markets/stocks/earnings/shree-cement-q3-results-net-profit-zooms-102-yoy-to-rs-626-crore/articleshow/80599545.cms Shree Cement Third Quarter Revenue: Shree Cement Third Quarter Results: Net Income Up 102% YoY to Rs 626