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Shree Cement profit rises 5% to Rs 577 crore, revenue up 5% at Rs 3,206 crore in Q2

The higher input costs impacted the operating margins which are down 300 bps at 33% from last year and flat on a sequential basis. Net Margins are flat at 18% due to higher other income in this quarter.

October 29, 2021 / 05:54 PM IST
The Shree Cement stock opened at Rs 28,395.70 on October 29, up Rs 202.65 from its previous day’s close.

The Shree Cement stock opened at Rs 28,395.70 on October 29, up Rs 202.65 from its previous day’s close.

 
 
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Shree Cement Ltd, one of the biggest players in the cement sector in India, has declared its results for the quarter ended September 30, 2021.

The company has reported a standalone profit after tax (PAT) of Rs 577 crore for the quarter, up 5% from Rs 547 crore reported in the corresponding period last year and down 13% from the reported net profit of Rs 662 crore in the previous quarter.

The standalone revenues came in higher by 5% at Rs 3,206 crore for the quarter, compared to Rs 3,053 crore in the same period last year and down 7% from Rs 3,450 crore in the previous quarter.

The higher input costs impacted the operating margins which are down 300 bps at 33% from last year and flat on a sequential basis.