Shree Cement has reported a fall of 48% (YoY) in profits for the first quarter of FY12. During the period, net profit of the cement company declined to Rs 55 crore from Rs 105.9 crore in the corresponding quarter last fiscal.
Net sales fell 9.5% to Rs 1,034 crore for the quarter ended June 2011 against Rs 944.5 crore in same quarter the previous year.
However, total expenditure shot up 16% to Rs 935 crore from Rs 806 crore year-on-year.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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