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

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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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Concrete

Shree Cement reports 2025 financial year results

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Shree Cement posted revenue of US$2.38 billion for FY2025, marking a 5.5 per cent decline year-on-year. Operating costs rose 2.9 per cent to US$2.17 billion, resulting in an EBITDA of US$528 million—down 12 per cent from the previous year. Net profit fell 50 per cent to US$141 million. The company reported cement sales of 9.84Mt in Q4 FY2025, a 3.3 per cent increase from 9.53Mt in Q4 FY2024, with premium products making up 16 per cent of total sales.

Image source:https://newsmantra.in/

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Concrete

Rekha Onteddu to become director at Sagar Cements

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Sagar Cements has announced the appointment of Rekha Onteddu as a non-executive independent director, effective 30 June 2025. According to People in Business News, Rekha Onteddu is currently serving in a similar capacity at Andhra Cements, the parent company of Sagar Cements.

Image source:https://sagarcements.in/

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Concrete

India’s cement consumption set to rise

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According to a Moody’s report, India’s cement consumption is projected to rise by 50 per cent over the next five years, increasing from 445 million metric tons per annum (MMTPA) in FY24 to 670 MMTPA by 2030. This growth is expected to be driven by government infrastructure spending and rising housing demand, with an anticipated annual growth rate of 6-7 per cent. To meet this demand, major cement companies are likely to continue acquiring smaller, less profitable firms.

Image source:https://www.telegraphindia.com/

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