Shree Cement Q2FY25 results: Net profit falls 83% to Rs 76.64 crore

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Shree Cement Q2FY25 results: Net profit falls 83% to Rs 76.64 crore - Business Standard

Quick Summary:

Bangur family-promoted Shree Cement Ltd on Monday reported 82.83 per cent decline in consolidated net profit at Rs 76.64 crore for September quarter FY25 as it faced challenging demand conditions on account of prolonged monsoon and lower price in the segment.

Like other cement makers, SCL also faced "challenging demand conditions on account of prolonged monsoon and softer prices faced by the industry," the company said in its earning statement.

The company had logged a net profit of Rs 446.62 crore in the July-September period a year ago, according to a regulatory filing from Shree Cement Ltd (SCL).