Shree Cement shares climb on 84% surge in Q1 net profit
Wed, Jul 26, 2023 12:27 PM

Shree Cement shares climb on 84% surge in Q1 net profit

A Flip by Bhavya Sabharwal
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Shree Cement Ltd shares rose 3% on July 26 after it posted an 84% rise in net profit for the June quarter. Revenue grew 19%, but operating margin contracted to 18.6%. The company's board also approved Rs 7,000 crore in investments for capacity expansion and strategic diversification into Ready Mix Concrete (RMC) with plans to set up 5 RMC units this financial year. 

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