Shree Cement Q2 Profit Falls 15% to ₹263.46 Crore; Revenue Rises 23%
Shree Cement reported consolidated net profit of ₹263.46 crore for the September quarter, down 15% from ₹309.82 crore a year earlier. Revenue rose 23%. The company attributed the profit decline mainly to elevated fuel prices.
Shree Cement Ltd, the country’s third-largest cement group by capacity, on Friday reported a 15 per cent decline in consolidated net profit to ₹263.46 crore for the September quarter, mainly due to elevated fuel prices.The company posted a net profit of ₹309.82 crore a year ago, according to a regu…