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Hot Pursuit News

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(15 May 2024, 12:00)

Shree Cement Q4 PAT climbs 21% YoY to Rs 662 cr

The cement maker reported a 21.15% increase in standalone net profit to Rs 661.76 crore on 6.60% rise in revenue from operations to Rs 5,101.01 crore in Q4 FY24 over Q4 FY23.


Profit before tax (PBT) jumped 50.48% year on year (YoY) to Rs 772.24 crore in the quarter ended 31 March 2024.

Operating profit (EBIDTA) stood at Rs 1,327 crore in fourth quarter of FY24, registering a growth of 49% from Rs 892 crore posted in corresponding quarter last year.

Total sales volume increased on YoY basis by 8% to 9.53 million tonne during the period under review.

On a full year basis, the cement manufacturer’s standalone net profit soared 85.86% to Rs 2,468.44 crore on 16.32% rise in revenue to Rs 19,585.53 crore in FY24 over FY23.

Explaining its capex plans, the company said that it has commissioned its integrated cement plant in Guntur district of Andhra Pradesh with cement capacity at 3 million tonne per annum. The work on other 18 million tonne capac...

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