8/8/2024, 12:14:03 pm

Shree Cement shares drop over 3% after 51% YoY decline in Q1 PAT

Shares of Shree Cement on Thursday fell 4% on BSE to its day’s low of Rs 24,234.15 after the company reported a 51% year-on-year decline in its net profit for the June quarter to Rs 278.6 crore.The company reported a net profit of Rs 572.3 crore for the corresponding quarter of the last financial year. Meanwhile, the revenue from operations stood at Rs 5,123.9 in the June quarter of FY25.