Shree Cement Q2 Results: Profit plunges 83% YoY to Rs 76 crore; revenue down 15%

economictimes.indiatimes.com:

Shree Cement Ltd on Monday reported an 83% fall in its consolidated net profit for the quarter ended September 2024 to Rs 76 crore. The same stood at Rs 447 crore in the year-ago quarter.

Revenue from operations in the reporting period declined 15% YoY to Rs 4,054 crore.

Operating EBITDA during the quarter declined 32% YoY to Rs 593 crore as against Rs 870 crore in the same quarter last year.

Despite the challenging demand conditions on account of prolonged monsoon and softer prices faced by the industry, the company said its focus on maintaining brand equity, product premiumization and improving geo-mix helped maintain its realisation on QoQ basis.

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