Shree Cement declines on reporting 46% drop in Q3 net profit

30 Apr 2015

Shree Cement is currently trading at Rs. 10241.50, down by 89.75 points or 0.87% from its previous closing of Rs 10331.25 on the BSE.

The scrip opened at Rs. 10198.15 and has touched a high and low of Rs. 10446.00 and Rs. 10159.90 respectively. So far 235 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 11755.00 on 03-Feb-2015 and a 52 week low of Rs. 5675.00 on 02-May-2014.

Last one week high and low of the scrip stood at Rs. 10480.45 and Rs. 9841.15 respectively. The current market cap of the company is Rs. 35708.16 crore.

The promoters holding in the company stood at 64.79% while Institutions and Non-Institutions held 17.14% and 18.07% respectively.

Shree Cement has reported 46.19% fall in its net profit after tax at Rs 119.73 crore for third quarter ended March 31, 2015 as compared to Rs 222.51 crore for the same quarter in the previous year.  Total income of the company has decreased by 5.12% at Rs 1626.84 crore for quarter under review as compared to Rs 1714.56 crore for the quarter ended March 31, 2014.

Shree Cement the leading cement manufacturing in North India was incorporated in the year 1978. It has more than trebled its cement capacity in the last 5 years to reach a present cement capacity of 13.5 million tones per annum. Its cement plants are located at Beawar, Ras, Khushkhera, Jobner and Suratgarh in Rajasthan and Laksar (Roorkee) in Uttarakhand.

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