Q1FY21 results: Shree Cement net profit declines by 13.58 per cent YoY

Shree Cement Ltd., an Indian cement manufacturer, announced its quarterly results on August 10, 2020. The company posted a consolidated net profit of Rs 330.35 crore for Q1FY21, which declined by 13.58 per cent YoY, as compared to Q1FY20 when it reported Rs 382.28 crore.                                                                                                                                                            

The consolidated net sales reported in Q1FY21 came in at Rs 2,480.14 crore, which declined by 24.91 per cent YoY from Rs 3,302.79 crore in Q1FY20. At EBITDA level, the company stood at Rs 687.95 crore in Q1FY21 that decreased by 27.39 per cent YoY. For Q1FY20, it posted an EBITDA of Rs 947.52 crore.                                                                                                                                                               

EBITDA margin as of Q1FY21 was at 27.74 per cent that declined by 95 bps YoY. The net profit margin in Q1FY21 came in at 13.32 per cent, which increased by 1.75 per cent YoY. The net profit margin in Q1FY20 was at 11.57 per cent.                                                                                                       

The share closed with gains of 2.26 per cent at Rs 22,388.95. It has a 52 week high of Rs 25,341.2 and a 52 week low of Rs 15,500 on BSE.