Shree Cements Ltd, one of the biggest players in the cement sector in India, is set to declare its results for the third quarter ended December, 2021 later today.
The cement major is likely to take a dent in its performance during the quarter due to lower volumes impacted by back-ended monsoons, poor labour availability, regional issues such as construction ban, sand availability and truckers' strike, coupled with rise in power-fuel costs.
Experts expect the profit for the quarter to decline by 10-20 percent on-year and by 3-12 percent on a sequential basis to Rs 500-550 crore. The revenues are likely to increase 2-4 percent on-year and may improve 5 percent on quarter to Rs 3,300–3,450 core.
It may be noted that the company had recorded a standalone profit after tax (PAT) of Rs 626 crore for the same period a year ago with standalone revenues at Rs 3,309 crore.