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Shree Cement falls despite reporting 91% rise in Q1 consolidated net profit
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Shree Cement is currently trading at Rs. 27299.95, down by 986.80 points or 3.49% from its previous closing of Rs. 28286.75 on the BSE.
The scrip opened at Rs. 28427.60 and has touched a high and low of Rs. 28427.60 and Rs. 27200.00 respectively. So far 2535 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 32050.00 on 09-Apr-2021 and a 52 week low of Rs. 18214.40 on 24-Sep-2020.
Last one week high and low of the scrip stood at Rs. 30095.00 and Rs. 27200.00 respectively. The current market cap of the company is Rs. 98251.48 crore.
The promoters holding in the company stood at 62.55%, while Institutions and Non-Institutions held 23.50% and 13.95% respectively.
Shree Cement has reported results for first quarter ended June 30, 2021.
The company has reported 78.46% rise in its net profit at Rs 661.72 crore for the quarter under review as compared to net profit of Rs 370.80 crore for the same quarter in the previous year. Total income of the company increased by 46.06% at Rs 3588.66 crore for Q1FY22 as compared Rs 2456.90 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported rise of 91.11% in its net profit attributable to owners at Rs 629.90 crore for the quarter under review as compared to net profit of Rs 329.60 crore for the same quarter in the previous year. Total income of the company increased by 44.49% at Rs 3775.94 crore for Q1FY22 as compared Rs 2613.25 crore for the corresponding quarter previous year.
