The stock market is no less than a rollercoaster ride. Some companies gain profit as projected by experts before, while some big names in the Indian market find themselves in downfall. We already talked about Asian paints. Now in this article we are going to be aware of the downfall of Shree Cement Ltd.
Shree Cement Ltd’s consolidated net profit declined by 82.83 per cent to Rs 76.64 crore in the July-September quarter of the current financial year 2024-25. “The company faced challenging demand conditions due to prolonged monsoon and softening of prices in the region,” the company, promoted by the Bangar family, said in a regulatory filing. The company’s net profit stood at Rs 446.62 crore in the same quarter of the last financial year 2023-24. The company’s shares reached Rs 24150 today. The stock saw a decline of more than 1%. Revenue from operations declined 15.07 per cent to Rs 4,054.17 crore in the quarter under review.
SHREE CEMENT Management Says Will Be Able To Maintain 15% EBITDA Margin For CDMO Business – CNBC-TV18
Market Share In CDMO Domestic Business Is 30%
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Will Maintain Exports At Levels Of 4.8-5% Το Total Revenue
Revenue Will…
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Like other cement manufacturers, it faced a “challenging demand situation due to prolonged monsoon and softening of prices”. “Earnings before tax (EBITDA) during the quarter under review stood at Rs 593 crore as against Rs 870 crore in the year-ago period,” the company said. Total expenses declined 3.52 per cent to Rs 4,212.27 crore in the second quarter.
In volume terms, the company’s total sales were down 7 per cent at 7.6 million tonnes in the September quarter from 8.2 million tonnes in the same period last fiscal. The company’s total income (including other income) also declined by 13.65 percent to Rs 4,235.55 crore in the September quarter.