Shree Cements Q4 net profit jumps 21 pc YoY to Rs 662 crore

New Delhi, May 14 (UNI) Shree Cements on Tuesday reported 21% year-on-year rise in net profit at Rs 662 crore for the January-March quarter (Q4) of the financial year 2023-24.

The company’s net revenue from operations in the Q4 of FY24 increased 7% year-on-year to Rs 5,101 crore as against Rs 4,785 crore in the corresponding period of the previous financial year 2022-23.

The cement maker’s Q4FY24 total sales volume increased by 8% year-on-year from 8.83 million tonnes to 9.53 million ton.

Neeraj Akhoury, Managing Director, Shree Cement Ltd said, “Our strong financial performance reflects our sharp focus on operational efficiencies while expanding our capacity through green and brownfield projects. This is complemented by our digital transformation, which is driving us forward, streamlining our operations and empowering our people with data-driven decision-making capabilities.”

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