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The Revenue for the quarter ended September 2019 of Rs. 28017.10 millions grew by 8.32 % from Rs. 25865.90 millions.The Total revenue for the quarter ended September 2019 of Rs. 3090.50 millions grew by 526.50% from Rs. 493.30 millions.The company reported a good operating profit of 9019.00 millions compared to 5711.00 millions of corresponding previous quarter. (Rs. in Million) Quarter ended Year to Date Year ended 201909 201809 % Var 201909 201809 % Var 201903 201803 % Var Sales 28017.10 25865.90 8.32 58381.20 56565.00 3.21 117220.00 101595.30 15.38 Other Income 577.50 513.70 12.42 1088.90 1450.00 -24.90 2454.00 3890.50 -36.92 PBIDT 9019.00 5711.00 57.92 18552.20 12399.40 49.62 28982.20 28618.30 1.27 Interest 717.40 617.80 16.12 1397.80 1179.70 18.49 2469.80 1352.70 82.58 PBDT 8301.60 3311.90 150.66 17154.40 9438.40 81.75 24731.10 27265.60 -9.30 Depreciation 4283.20 3294.80 30.00 8309.90 6350.10 30.86 13916.80 8994.00 54.73 PBT 4018.40 17.10 23399.42 8844.50 3088.30 186.39 10814.30 18271.60 -40.81 TAX 927.90 -476.20 -294.86 2123.70 -199.80 -1162.91 1303.80 4429.80 -70.57 Deferred Tax -408.10 -791.20 -48.42 -641.20 -1048.70 -38.86 -873.40 -35.90 2332.87 PAT 3090.50 493.30 526.50 6720.80 3288.10 104.40 9510.50 13841.80 -31.29 Equity 348.40 348.40 0.00 348.40 348.40 0.00 348.40 348.40 0.00 PBIDTM(%) 32.19 22.08 45.80 31.78 21.92 44.97 24.72 28.17 -12.23
Shree Cement is currently trading at Rs. 20362.40, up by 245.50 points or 1.22% from its previous closing of Rs. 20131.70 on the BSE.The scrip opened at Rs. 20200.00 and has touched a high and low of Rs. 20805.00 and Rs. 20133.30 respectively. So far 892 shares were traded on the counter.The BSE group `A` stock of face value Rs. 10 has touched a 52 week high of Rs. 22200.00 on 01-Jul-2019 and a 52 week low of Rs. 13125.00 on 31-Oct-2018.Last one week high and low of the scrip stood at Rs. 20805.00 and Rs. 19582.30 respectively. The current market cap of the company is Rs. 71513.16 crore.The promoters holding in the company stood at 64.79%, while Institutions and Non-Institutions held 19.07% and 16.14% respectively.Shree Cement has reported results for first quarter ended June 30, 2019.The company has reported 29.89% rise in its net profit at Rs 363.03 crore for the quarter under review as compared to Rs 279.48 crore for the same quarter in the previous year. However, total income of the company decreased by 2.40% at Rs 3087.55 crore for Q1FY20 as compared Rs 3163.54 crore for the corresponding quarter previous year.On the consolidated basis, the company has reported a rise of 36.84% in its net profit at Rs 382.28 crore for the quarter under review as compared to Rs 279.36 crore for the same quarter in the previous year. Total income of the company increased by 6.04% at Rs 3354.75 crore for Q1FY20 as compared Rs 3163.80 crore for the corresponding quarter previous year.
The revenue declined to Rs. 30364.10 millions for the quarter ended June 2019 as compared to Rs. 30699.10 millions during the corresponding quarter last year.The company has announced a 29.89% increase in its profits to Rs . 3630.30 millions for the quarter ended June 2019 compared to Rs. 2794.80 millions in the corresponding quarter in the previous year.Operating Profit saw a handsome growth to 9533.20 millions from 6688.40 millions in the quarter ended June 2019. (Rs. in Million) Quarter ended Year to Date Year ended 201906 201806 % Var 201906 201806 % Var 201903 201803 % Var Sales 30364.10 30699.10 -1.09 30364.10 30699.10 -1.09 117220.00 101595.30 15.38 Other Income 511.40 936.30 -45.38 511.40 936.30 -45.38 2454.00 3890.50 -36.92 PBIDT 9533.20 6688.40 42.53 9533.20 6688.40 42.53 28982.20 28618.30 1.27 Interest 680.40 561.90 21.09 680.40 561.90 21.09 2469.80 1352.70 82.58 PBDT 8852.80 6126.50 44.50 8852.80 6126.50 44.50 24731.10 27265.60 -9.30 Depreciation 4026.70 3055.30 31.79 4026.70 3055.30 31.79 13916.80 8994.00 54.73 PBT 4826.10 3071.20 57.14 4826.10 3071.20 57.14 10814.30 18271.60 -40.81 TAX 1195.80 276.40 332.63 1195.80 276.40 332.63 1303.80 4429.80 -70.57 Deferred Tax -233.10 -257.50 -9.48 -233.10 -257.50 -9.48 -873.40 -35.90 2332.87 PAT 3630.30 2794.80 29.89 3630.30 2794.80 29.89 9510.50 13841.80 -31.29 Equity 348.40 348.40 0.00 348.40 348.40 0.00 348.40 348.40 0.00 PBIDTM(%) 31.40 21.79 44.11 31.40 21.79 44.11 24.72 28.17 -12.23
Cement stocks such as Shree Cement, Ultratech Cement and JK Cement have gained as FM announced to invest Rs 80,250 crore for up-gradation of roads under Pradhan Mantri Gram Sadak Yojana. Government also to upgrade 1.25 lakh km of roads under Pradhan Mantri Gram Sadak Yojana (PMGSY).Shree Cement is currently trading at Rs. 21760.00, up by 127.15 points or 0.59% from its previous closing of Rs. 21632.85 on the BSE. The scrip opened at Rs. 21700.00 and has touched a high and low of Rs. 21877.25 and Rs. 21637.95 respectively. So far 67 shares were traded on the counter.Ultratech Cement is currently trading at Rs. 4668.95, up by 24.40 points or 0.53% from its previous closing of Rs. 4644.55 on the BSE. The scrip opened at Rs. 4645.00 and has touched a high and low of Rs. 4707.55 and Rs. 4628.90 respectively. So far 14258 shares were traded on the counter.JK Cement is currently trading at Rs. 1001.25, up by 6.95 points or 0.70% from its previous closing of Rs. 994.30 on the BSE. The scrip opened at Rs. 1007.00 and has touched a high and low of Rs. 1019.05 and Rs. 996.80 respectively. So far 213 shares were traded on the counter.
Cement stocks were trading lower despite the rating agency ICRA’s latest report stated that the demand for cement has been tepid in the first quarter of the current financial year (Q1FY20) due to slowing of the project execution on account of general elections. Shree Cement is currently trading at Rs. 21761.35, down by 148.30 points or 0.68% from its previous closing of Rs. 21909.65 on the BSE. The scrip opened at Rs. 22007.15 and has touched a high and low of Rs. 22007.15 and Rs. 21700.00 respectively.Ultratech Cement is currently trading at Rs. 4588.00, down by 17.20 points or 0.37% from its previous closing of Rs. 4605.20 on the BSE. The scrip opened at Rs. 4610.00 and has touched a high and low of Rs. 4622.00 and Rs. 4580.00 respectively. So far 10522 shares were traded on the counter.ACC is currently trading at Rs. 1578.00, down by 2.55 points or 0.16% from its previous closing of Rs. 1580.55 on the BSE. The scrip opened at Rs. 1585.70 and has touched a high and low of Rs. 1587.55 and Rs. 1571.10 respectively. So far 36798 shares were traded on the counter.ICRA expects the demand to pick up from the third quarter of the fiscal, post-monsoon season and expects it to increase by nearly 7 per cent during for FY20. It also said the growth is likely to be driven by housing, primarily rural housing and affordable housing, and improved focus on infrastructure segments, mainly road, railway and irrigation projects. Talking about profitability, it noted that in Q1FY20, the higher cement prices and lower costs power and fuel and freight expenses are likely to result in margin recovery.It further said that in Q2FY20, the consumption is expected to be on lower side owing to the monsoon season. In April this year, cement production stood at 28.7 million MT, which was lower by 13.3 per cent as compared to March 2019.
Shree Cement is currently trading at Rs. 20083.55, up by 751.45 points or 3.89% from its previous closing of Rs. 19332.10 on the BSE.The scrip opened at Rs. 19900.00 and has touched a high and low of Rs. 20625.30 and Rs. 19831.35 respectively. So far 527 shares were traded on the counter.The BSE group `A` stock of face value Rs. 10 has touched a 52 week high of Rs. 20,625.30 on 30-Apr-2019 and a 52 week low of Rs. 13125.00 on 31-Oct-2018.Last one week high and low of the scrip stood at Rs. 20625.30 and Rs. 18575.00 respectively. The current market cap of the company is Rs. 70314.93 crore.The promoters holding in the company stood at 64.79%, while Institutions and Non-Institutions held 19.19% and 16.03% respectively.Shree Cement has decided for capacity addition to be made at Village Patas in Pune District of Maharashtra. The proposed capacity addition is 3 MTPA Cement Grinding Unit. The period within which the proposed capacity is to be added is by September, 2020 ending. The investment required for capacity addition is Rs 525 crore. Shree Cement is a rapidly growing Company focused on its core business of Cement & Power. Currently, its manufacturing operations are spread over North and Eastern India across six states.
A fair growth of 16.85% in the revenue at Rs. 32848.70 millions was reported in the March 2019 quarter as compared to Rs. 28110.80 millions during year-ago period.The Company`s Net profit for the March 2019 quarter have declined marginally to Rs. 3209.50 millions as against Rs. 3992.40 millions reported during the corresponding quarter ended.The company reported a good operating profit of 8929.20 millions compared to 7342.80 millions of corresponding previous quarter. (Rs. in Million) Quarter ended Year to Date Year ended 201903 201803 % Var 201903 201803 % Var 201903 201803 % Var Sales 32848.70 28110.80 16.85 117220.00 101595.30 15.38 117220.00 101595.30 15.38 Other Income 450.90 1048.50 -57.00 2454.00 3890.50 -36.92 2454.00 3890.50 -36.92 PBIDT 8929.20 7342.80 21.60 28982.20 28618.30 1.27 28982.20 28618.30 1.27 Interest 697.10 436.80 59.59 2469.80 1352.70 82.58 2469.80 1352.70 82.58 PBDT 8232.10 6906.00 19.20 24731.10 27265.60 -9.30 24731.10 27265.60 -9.30 Depreciation 4205.80 2329.90 80.51 13916.80 8994.00 54.73 13916.80 8994.00 54.73 PBT 4026.30 4576.10 -12.01 10814.30 18271.60 -40.81 10814.30 18271.60 -40.81 TAX 816.80 583.70 39.93 1303.80 4429.80 -70.57 1303.80 4429.80 -70.57 Deferred Tax -55.10 -96.50 -42.90 -873.40 -35.90 2332.87 -873.40 -35.90 2332.87 PAT 3209.50 3992.40 -19.61 9510.50 13841.80 -31.29 9510.50 13841.80 -31.29 Equity 348.40 348.40 0.00 348.40 348.40 0.00 348.40 348.40 0.00 PBIDTM(%) 27.18 26.12 4.07 24.72 28.17 -12.23 24.72 28.17 -12.23
A fair growth of 20.75% in the revenue at Rs. 27806.30 millions was reported in the December 2018 quarter as compared to Rs. 23027.10 millions during year-ago period.Net profit declined -9.61% to Rs. 3012.90 millions from Rs. 3333.30 millions.Operating profit surged to 7653.60 millions from the corresponding previous quarter of 6569.20 millions. (Rs. in Million) Quarter ended Year to Date Year ended 201812 201712 % Var 201812 201712 % Var 201803 201703 % Var Sales 27806.30 23027.10 20.75 84371.30 73484.50 14.82 101595.30 96616.60 5.15 Other Income 553.10 873.00 -36.64 2003.10 2842.00 -29.52 3890.50 3617.70 7.54 PBIDT 7653.60 6569.20 16.51 20053.00 21275.50 -5.75 28618.30 28749.40 -0.46 Interest 593.00 207.40 185.92 1772.70 915.90 93.55 1352.70 1294.20 4.52 PBDT 7060.60 6361.80 10.98 16499.00 20359.60 -18.96 27265.60 27455.20 -0.69 Depreciation 3360.90 2100.10 60.04 9711.00 6664.10 45.72 8994.00 12147.10 -25.96 PBT 3699.70 4261.70 -13.19 6788.00 13695.50 -50.44 18271.60 15308.10 19.36 TAX 686.80 928.40 -26.02 487.00 3846.10 -87.34 4429.80 1917.00 131.08 Deferred Tax 230.40 329.60 -30.10 -818.30 60.60 -1450.33 -35.90 -1345.60 -97.33 PAT 3012.90 3333.30 -9.61 6301.00 9849.40 -36.03 13841.80 13391.10 3.37 Equity 348.40 348.40 0.00 348.40 348.40 0.00 348.40 348.40 0.00 PBIDTM(%) 27.52 28.53 -3.52 23.77 28.95 -17.91 28.17 29.76 -5.33
The revenue for the September 2018 quarter is pegged at Rs. 25865.90 millions, about 20.73% up against Rs. 21423.80 millions recorded during the year-ago period.A radical decline of -76.68% was reported in the net profit of the company for the quarter ended September 2018 to Rs. 493.30 millions from Rs. 2115.00 millions.The Operating Profit of the company witnessed a decrease to 5711.00 millions from 6599.80 millions. (Rs. in Million) Quarter ended Year to Date Year ended 201809 201709 % Var 201809 201709 % Var 201803 201703 % Var Sales 25865.90 21423.80 20.73 56565.00 50457.40 12.10 101595.30 96616.60 5.15 Other Income 513.70 995.10 -48.38 1450.00 1969.00 -26.36 3890.50 3617.70 7.54 PBIDT 5711.00 6599.80 -13.47 12399.40 14706.30 -15.69 28618.30 28749.40 -0.46 Interest 617.80 379.50 62.79 1179.70 708.50 66.51 1352.70 1294.20 4.52 PBDT 3311.90 6220.30 -46.76 9438.40 13997.80 -32.57 27265.60 27455.20 -0.69 Depreciation 3294.80 2252.50 46.27 6350.10 4564.00 39.13 8994.00 12147.10 -25.96 PBT 17.10 3967.80 -99.57 3088.30 9433.80 -67.26 18271.60 15308.10 19.36 TAX -476.20 1852.80 -125.70 -199.80 2917.70 -106.85 4429.80 1917.00 131.08 Deferred Tax -791.20 -189.30 317.96 -1048.70 -269.00 289.85 -35.90 -1345.60 -97.33 PAT 493.30 2115.00 -76.68 3288.10 6516.10 -49.54 13841.80 13391.10 3.37 Equity 348.40 348.40 0.00 348.40 348.40 0.00 348.40 348.40 0.00 PBIDTM(%) 22.08 30.81 -28.33 21.92 29.15 -24.79 28.17 29.76 -5.33
The revenue zoomed 5.74% to Rs. 30699.10 millions for the quarter ended June 2018 as compared to Rs. 29033.60 millions during the corresponding quarter last year.A big decline of -36.50% was reported for the quarter ended June 2018 to Rs. 2794.80 millions from Rs. 4401.10 millions of corresponding previous quarter.A decline of 6688.40 millions was observed in the OP in the quarter ended June 2018 from 8106.50 millions on QoQ basis. (Rs. in Million) Quarter ended Year to Date Year ended 201806 201706 % Var 201806 201706 % Var 201803 201703 % Var Sales 30699.10 29033.60 5.74 30699.10 29033.60 5.74 101595.30 96616.60 5.15 Other Income 936.30 973.90 -3.86 936.30 973.90 -3.86 3890.50 3617.70 7.54 PBIDT 6688.40 8106.50 -17.49 6688.40 8106.50 -17.49 28618.30 28749.40 -0.46 Interest 561.90 329.00 70.79 561.90 329.00 70.79 1352.70 1294.20 4.52 PBDT 6126.50 7777.50 -21.23 6126.50 7777.50 -21.23 27265.60 27455.20 -0.69 Depreciation 3055.30 2311.50 32.18 3055.30 2311.50 32.18 8994.00 12147.10 -25.96 PBT 3071.20 5466.00 -43.81 3071.20 5466.00 -43.81 18271.60 15308.10 19.36 TAX 276.40 1064.90 -74.04 276.40 1064.90 -74.04 4429.80 1917.00 131.08 Deferred Tax -257.50 -79.70 223.09 -257.50 -79.70 223.09 -35.90 -1345.60 -97.33 PAT 2794.80 4401.10 -36.50 2794.80 4401.10 -36.50 13841.80 13391.10 3.37 Equity 348.40 348.40 0.00 348.40 348.40 0.00 348.40 348.40 0.00 PBIDTM(%) 21.79 27.92 -21.97 21.79 27.92 -21.97 28.17 29.76 -5.33
Shree Cement is currently trading at Rs. 17140.00, up by 60.25 points or 0.35% from its previous closing of Rs. 17079.75 on the BSE.The scrip opened at Rs. 17222.00 and has touched a high and low of Rs. 17222.00 and Rs. 16933.85 respectively. So far 147 shares were traded on the counter.The BSE group `A` stock of face value Rs. 10 has touched a 52 week high of Rs. 19842.30 on 11-Jan-2018 and a 52 week low of Rs. 15015.15 on 22-Jun-2018.Last one week high and low of the scrip stood at Rs. 17222.00 and Rs. 16130.80 respectively. The current market cap of the company is Rs. 59480.56 crore.The promoters holding in the company stood at 64.79%, while Institutions and Non-Institutions held 29.50% and 5.71% respectively.Shree Cement has successfully completed acquisition of 97.61% equity stake of Union Cement Company, UAE (UCC) on July 11, 2018. The acquisition was made through wholly owned step-down subsidiary company namely Shree International Holding incorporated in UAE.Earlier, the Board of Directors of the company had given approval for acquisition of majority equity stake in UCC and signing of the definitive agreement in this regard with the sellers.Shree Cement is a rapidly growing Company focused on its core business of Cement & Power. Currently, its manufacturing operations are spread over North and Eastern India across six states.
Shree Cement scrip is currently trading at Rs. 17108.25, up by 187.45 points or 1.11% from its previous closing of Rs. 16920.80 on the BSE.The scrip opened at Rs. 16935.35 and has touched a high and low of Rs. 17164.00 and Rs. 16935.35 respectively. So far 74 shares were traded on the counter.The BSE group `A` stock of face value Rs. 10 has touched a 52 week high of Rs. 19842.30 on 11-Jan-2018 and a 52 week low of Rs. 15015.15 on 22-Jun-2018.Last one week high and low of the scrip stood at Rs. 17,164.00 and Rs. 16,071.60 respectively. The current market cap of the company is Rs. 59362.63 crore.The promoters holding in the company stood at 64.79%, while Institutions and Non-Institutions held 29.50% and 5.71% respectively.Shree Cement has successfully completed acquisition of 97.61% equity stake of Union Cement Company, UAE (UCC) on July 11, 2018. The acquisition was made through wholly owned step-down subsidiary company namely Shree International Holding incorporated in UAE.Earlier, the Board of Directors of the company had given approval for acquisition of majority equity stake in UCC and signing of the definitive agreement in this regard with the sellers.Shree Cement is a rapidly growing Company focused on its core business of Cement & Power. Currently, its manufacturing operations are spread over North and Eastern India across six states.