Shree Cement Q2FY18 PAT declines 52 per cent on sequential basis
Nidhi Jani / 08 Nov 2017
The company reported PAT of Rs. 211.5 crore which represents a sequential QoQ decline of 52 per cent and a YoY decline of 27.4 per cent.
Shree Cement reported its results for the quarter ended September 30, 2017 on Wednesday.
Total sales for Q2FY18, came in at Rs. 2,136.8 crore. This represents a 26.3 per cent sequential decline and 7.1 per cent YoY decline.
Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 335.2 crore and the EBIT margin stood at 15.7 per cent.
The company reported PAT of Rs. 211.5 crore which represents a sequential QoQ decline of 52 per cent and a YoY decline of 27.4 per cent.
On Wednesday, the stock opened at Rs. 19,077.90 per share and touched an intraday low of Rs. 18,300 on the BSE, down by 4 per cent. The stock finally closed at Rs. 18,639 on the BSE.
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