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Shree Cement reports 20% fall in Q4 net profit

Shree Cement has reported results for the fourth quarter and year ended March 31, 2019.

The company has reported a fall of 19.61% in its net profit at Rs 320.95 crore for the quarter ended March 31, 2019 as compared to Rs 399.24 crore for the same quarter in the previous year. However, total income of the company increased by 14.20% at Rs 3,329.88 crore for quarter under review as compared to Rs 2,915.93 crore for the quarter ended March 31, 2018.

For the year ended March 31, 2019, the company has posted a fall of 31.29% in its net profit at Rs 951.05 crore as compared to Rs 1,384.18 crore for the previous year. However, total income of company increased 13.45% at Rs 11,967.40 crore for year under review as compared to Rs 10,548.58 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has posted fall of 27.29% in its net profit at Rs 1,006.39 crore as compared to Rs 1,384.15 crore for the previous year. However, total income of company increased by 21.39% at Rs 12,804.41 crore for year under review as compared to Rs 10,548.58 crore for year ended March 31, 2018.