Shree Cement’s has reported a dip of 24 per cent in its net consolidated profit during the quarter ended December 31, 2021. The company’s profit after tax (PAT) stood at Rs 482.70 crore in Q3 FY22 as against Rs 631.58 crore it registered in the corresponding quarter in the previous fiscal, it said in the BSE filing.
The company’s net consolidated income stood at Rs 3,750.9 crore in Q3 FY22, a growth of 2 per cent from Rs 3,664.72 crore it recorded in the similar quarter last year.
The board of directors of the company re-appointed Prashant Bangur as joint managing director of the company for a further period of five years with effect from April 1, 2022. The board also declared Interim dividend of Rs 4S per equity share of Rs. 10 each for the financial year 2021-22.
The company commenced commercial production of its clinker grinding unit having capacity of 30 MTPA at Village Patas in Pune on February 1, 2022.
As of December 31, 2021, its debt equity ratio stood at 0.10, net worth was Rs 16,784.99 crore, current liability ratio was 60%, total debts to total assets was 10%, operating margin was 26% and net profit margin was 14%, the company said in the regulatory filing.