Shree Cement declines on reporting 25% fall in Q1 net profit

25 Oct 2013

Shree Cement is currently trading at Rs. 4401.00, down by 64.55 points or 1.45% from its previous closing of Rs. 4465.55 on the BSE.

The scrip opened at Rs. 4440.00 and has touched a high and low of Rs. 4450.00 and Rs. 4400.00 respectively. So far 214 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5210.00 on 31-May-2013 and a 52 week low of Rs. 3412.65 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 4589.90 and Rs. 4377.25 respectively. The current market cap of the company is Rs. 15388.47 crore.

The promoters holding in the company stood at 64.79 % while Institutions and Non-Institutions held 13.94 % and 21.27 % respectively.

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.).

 

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