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Shree Cement Q3 profit jumps 102% to Rs 631 crore on operating efficiences, volume growth

Revenue on standalone basis was Rs 3,309.43 crore, up 16.2 percent from the year-ago period, led by strong volume growth following a revival in demand.

January 30, 2021 / 04:28 PM IST
 
 
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Shree Cement, the country's second-largest cement company by market capitalisation, on January 30 registered an impressive 102 percent year-on-year growth in standalone profit for the quarter ended December 2020, led by better operating efficiencies

Profit for the December quarter increased to Rs 626.23 crore compared to Rs 309.95 crore in the year-ago period.

Revenue on standalone basis grew by 16.2 percent to Rs 3,309.43 crore year on year, led by strong volume growth following a revival in demand.

"Volume growth increased 14.7 percent YoY to 7.2 million tonnes coupled with increase in realisation by 1.3 percent YoY (down 0.2 percent QoQ) to Rs 4,620 per tonne," Dolat Capital said.