Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Higher freight costs, lower other income drag Shree Cement Q4 net by 54%

16 May, 2017 11:22 AM
22 0
Higher freight costs, lower other income drag Shree Cement Q4 net by 54%

Cement manufacturer posts net profit at Rs 304.5 crore against Rs 663 crore; revenues were reported at Rs 2,683.4 crore, up 19.3 percent

Cement manufacturer, Shree Cements, posted 54.1 percent fall in its Q4 net profit to Rs 304.5 crore against Rs 663 crore during the same period last year.

However, the number also came in slightly higher of expectations of Rs 270 crore, according to a poll of CNBC-TV18 analysts.

Its revenues were reported at Rs 2,683.4 crore, up 19.3 percent against Rs 2,249.1 crore.

during the corresponding quarter last year. EBITDA margin, meanwhile, was reported at 21.5 percent against 26.62 percent.

Also read: Closing Bell: Sensex ends nearly 450 pts lower, Nifty breaches 10,000; midcaps tank

Source: moneycontrol.com

Share in social networks:

Comments - 0