Shree Cement reports 68% fall in Q2 consolidated net profit

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

shree cement jumps on deciding to expand cement grinding unit capacity
Shree Cement

The company has reported a fall of 67.18% in its net profit at Rs 189.60 crore for the quarter under review as compared to Rs 577.70 crore for the same quarter in the previous year. However, total income of the company increased by 17.33% at Rs 3937.49 crore for Q2FY23 as compared Rs 3355.82 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported fall of 67.51% in its net profit at Rs 183.24 crore for the quarter under review as compared to Rs 563.94 crore for the same quarter in the previous year. However, total income of the company increased by 19.01% at Rs 4197.37 crore for Q2FY23 as compared Rs 3526.95 crore for the corresponding quarter previous year.

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