Shree Cement announced a steep drop in standalone net profit for the quarter ended September 2014. During the quarter, the profit of the company declined 36.82% to Rs 1,088.10 million from Rs 1,722.20 million in the same quarter previous year.
Net sales for the quarter rose 28.90% to Rs 16,080.80 million, compared with Rs 12,475 million for the prior year period.
Earnings per share for the quarter stood at Rs 31.23, registering 36.83% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Sep - 14 | Sep - 13 | %Change |
| Net Sales | 16,080.80 | 12,475.40 | 28.90 |
| Net Profit | 1,088.10 | 1,722.20 | (36.82) |
| Basic EPS | 31.23 | 49.44 | (36.83) |
Shares of the company gained Rs 105.75, or 1.18%, to trade at Rs 9,041.85. The total volume of shares traded was 705 at the BSE (1.41 p.m., Monday).
