Shree Cement records 21% revenue increase
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.