Leading cement manufacturer Shree Cement Ltd on Tuesday (October 28) reported a net profit of ₹277 crore for the second quarter, nearly three times the ₹93 crore posted in the same period last year. The figure, however, fell short of CNBC-TV18’s poll estimate of ₹349 crore.

Revenue for the quarter stood at ₹4,303 crore, a growth of 15.5% from ₹3,727 crore in the corresponding quarter last year, and was marginally higher than the CNBC-TV18 poll estimate of ₹4,263 crore. The growth was driven by higher volumes, a focus on premiumisation, and the company’s continued emphasis on a value-over-volume strategy.

EBITDA for the quarter was ₹851.8 crore, compared to ₹593 crore a year earlier, marking a 43.5% increase year-on-year. The figure, however, was below the CNBC-TV18 estimate of ₹938 cro

See Full Page