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Shree Cement reports 42% fall in Q3 consolidated net profit

09 Feb 2023 Evaluate

Shree Cement has reported results for third quarter ended December 31, 2022 (Q3FY23).

The company has reported a fall of 43.74% in its net profit at Rs 276.77 crore for the quarter under review as compared to Rs 491.99 crore for the same quarter in the previous year. However, total income of the company increased 15.51% at Rs 4230.02 crore for Q3FY23 as compared to Rs 3661.89 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported fall of 41.61% in its net profit at Rs 281.83 crore for the quarter under review as compared to Rs 482.70 crore for the same quarter in the previous year. However, total income of the company increased 19.26% at Rs 4473.38 crore for Q3FY23 as compared to Rs 3750.96 crore for the corresponding quarter previous year.

Peers
Company Name CMP
Ultratech Cement 11020.00
Ambuja Cements 374.90
ACC 1213.30
Shree Cement 22155.20
Dalmia Bharat 1651.40
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