Shree Cement net profit fell 15% YoY to Rs 645 crore. Shree Cement reported a 16 percent decline in standalone net profit of Rs 645 crore in the fourth quarter of FY22, as against Rs 768 crore recorded a year ago. Revenue rose 3.6 percent on-year to Rs 4,099 crore as compared to a revenue of Rs 3,958 crore registered in the year-ago quarter. The year-on-year decline in profit was due to a surge in power and fuel costs, along with the high base of last year’s quarter. Meanwhile, the sequential growth was aided by higher volumes and better realizations during the quarter.

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KR Choksey has come out with its second quarter (July-September’ 22) earnings estimates for the Cement sector. The brokerage house expects Shree Cement to report net profit at Rs. 291.8 crore down 48.2% year-on-year (up 4.4% quarter-on-quarter).

Net Sales are expected to increase by 12.7 percent Y-o-Y (down 13.9 percent Q-o-Q) to Rs. 3,801.2 crore, according to KR Choksey.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 32.3 percent Y-o-Y (down 22.2 percent Q-o-Q) to Rs. 6,234 crore.

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KRChoksey_Cement

Shree Cement Q2 PAT may dip 48.2% YoY to Rs. 291.8 cr: KR Choksey

Net Sales are expected to increase by 12.7 percent Y-o-Y (down 13.9 percent Q-o-Q) to Rs. 3,801.2 crore, according to KR Choksey.