Shree Cement Q1FY24 Results: Consolidated PAT Rises to Rs. 572.30 Cr

Shree Cement approves Rs 700 Cr NCDs issue

Shree Cement Q1 results show revenue fell from 5245.91 crores to 5233.90 crores, a -0.23% decrease in growth. EPS rise from ₹145.72 to ₹158.62, up by 8.85%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Shree Cement shared its Q1 results on Wednesday. They earned 5233.90 crores in revenue this quarter, but that’s less than the 5245.91 crores they made last quarter. Unfortunately, the company’s growth decreased by -0.23 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 572.30 crores, up from 525.77 crores in the previous quarter. Their quarter-to-quarter growth increased by 8.85 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹158.62, which is an increase of 8.85% from the ₹145.72 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 5233.90 crores this year (2023), which is 19.09 percent higher than last year’s total revenue of 4394.75 crores.

This year’s PAT (Profit After Tax) is 572.30 crores, which is also 104.76% higher than last year’s PAT of 279.50 crores.

The EPS (Earnings Per Share) for this year is ₹158.62, which is 104.75% more than the EPS of ₹77.47 earned last year.

Shree Cement Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Shree Cement:

Shree Cement, an Indian cement manufacturer, was established in Beawar, Rajasthan, in 1979. Over the years, it has grown significantly and is now headquartered in Kolkata. Today, it stands as one of the largest cement producers in Northern India. Within the last two decades, Shree Cement has expanded its production capacity from 2 million tonnes (mt) to become the third-largest cement player in the country, boasting an impressive installed capacity of 43.3 mt in India and 47.4 mt overseas.

Download the Full PDF of Shree Cement Q1 Results: Click Here

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