Shree Cement records 21% revenue increase

28-Jan-2019

India’s Shree Cement has announced that its net profit fell 10 per cent YoY in the third quarter of FY18-19 ended 31 December, declining to INR3.01bn (US$42.28m) from INR3.33bn of the year-ago period.

However, the company’s revenue advanced 21 per cent to INR27.81bn compared with INR23.02bn of the 3QFY17-18.

EBITDA grew 25 per cent YoY to INR7.1bn from INR5.7bn, while the operating margin saw a slight increase to 25.6 per cent from 24.7 per cent of the same quarter last year.

Shree Cement’s cement segment saw an 16.3 per cent increase in revenue to INR25.59bn.

Source: CEMNET