Coal news and updates

Shree Cement’s Q4 net profit declines marginally

August 26: Shree Cement Limited reported a 2.56% decline in its net profit (standalone) to Rs 277.02 crore for the fourth quarter (April-June) ended June 30, 2014 against a net profit of Rs 284.31 crore reported in the same quarter of 2013-14, owing to higher expenses incurred on cost of raw materials and freight charges, the company said in a filing to the BSE on August 25.

For the full year (ended June 30, 2014), the company’s standalone net profit stood at Rs 787.24 core against a net profit of Rs 1,003.97 crore in the previous year.

However, on a quarter-on-quarter basis, the company’s net profit increased from Rs 222.51 crore in January-March 2014.

During the quarter under review, the company’s total income from operations stood at Rs 1,656.75 crore, up 14.33% from Rs 1,449.01 crore in the same quarter of last year. For the full year, the company’s total income stood at Rs 5,887.31 crore against Rs 5,590.25 crore recorded in the previous fiscal.

The following table gives quarter-on-quarter and yearly standalone performance of Shree Cement Limited in 2014 and 2013 (in Rs crore):