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Star Cement reports 33% fall in Q2 consolidated net profit

15 Nov 2022 Evaluate

Star Cement reported results for second quarter ended September 30, 2022.

The company has reported rise of 2.66% in its net profit at Rs 23.55 crore for Q2FY23 as compared to Rs 22.94 crore for the corresponding quarter previous year. Total income of the company increased by 45.50% to Rs 603.74 crore for the quarter under review as compared to Rs 414.95 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported fall of 33.25% in its net profit at Rs 31.06 crore for the quarter under review as compared to Rs 46.53 crore for the same quarter in the previous year. However, total income of the company increased by 46.36% to Rs 607.76 crore for the quarter under review as compared to Rs 415.26 crore for the same quarter in the previous year.

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