Shree Cement Net Profit Falls More Than 15% in September Quarter
Consolidated net profit fell more than 15% year on year to 263 crore, while sales volumes grew. Higher fuel costs weighed on results; the company reported a year-on-year decline for a third consecutive quarter.
Shree Cement’s consolidated net profit declined more than 15% year on year to 263 crore in the September quarter. Higher fuel costs weighed on earnings despite an increase in sales volumes. This marked the company’s third consecutive quarter of year-on-year decline in consolidated pro…