Shree Cement has reported results for first quarter ended September 30, 2013.
The company has reported a fall of 24.51% in its net profit at Rs 172.22 crore for the quarter as compared to Rs 228.13 crore for the same quarter in the previous year. Total income from operation of the company has decreased by 0.58% at Rs 1321.49 crore for quarter under review as compared to Rs 1329.20 crore for the quarter ended September 30, 2012.
Shree Cement (SCL), belonging to B G Bangur - H M Bangur faction of Bangur family of Kolkata, is engaged in manufacturing of cement and power generation. SCL’s eight cement plants in Rajasthan and one grinding unit in Uttrakhand have an aggregate capacity of 13.5 mn tonnes p.a. (PPC; OPC capacity -9 mn tonnes p.a.).