Shree Cement Jan-Mar quarter net profit down 19 pc to Rs 222 cr

Shree Cement today reported a 19 per cent dip in net profit for the January-March quarter at Rs 222.50 crore despite higher sales.

The company, which has over 13 million tonnes per annum (mtpa) capacity, had clocked Rs 274.09 crore net profit in the corresponding quarter of FY 13, it said in a BSE filing.

Total income grew to Rs 1,665 crore from Rs 1,443 crore on higher revenue from the cement segment.

Power business' revenue tripped to Rs 339 crore from Rs 428 crore a year earlier, it said.

Total expenses also rose to Rs 1,401 crore during the quarter from Rs 1,149 crore during the same period a year earlier mainly on higher power and fuel costs and freight expenses.

Finance costs dipped a little, but a Rs 73.73 crore outgo on exceptional items affected the bottomline.

EDITORIAL OF THE DAY

  • It’s time to shift sugarcane production to water abundant states of eastern India

    During the 10 years of UPA rule, the country was able to come out of the so-called sugar cycle — two years of surplus followed by two years of defic

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Simon J Evenett

VW scandal has lessons for Make in India

In recent years, when it comes to widespread corporate wrongdoing, ...

Zehra Naqvi

Do you seek peace or conflict?

The pursuit of peace se­ems to be one of the ...

Dharmendra Khandal

So, how do we define a 'vermin'?

These days there’s an ongoing debate whether to declare various ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture