Shree Cement Reports ₹5.56 Billion Profit in Q4, Declares ₹60 Dividend

Shree Cement Ltd has announced its financial results for the fourth quarter, reporting a consolidated net profit of ₹5.56 billion. The company also recorded revenue from operations of ₹52.4 billion, surpassing the IBES estimate of ₹51.04 billion. Alongside its earnings announcement, Shree Cement has declared a dividend of ₹60 per share, reinforcing its commitment to shareholder returns.  

Quarterly Financial Performance:  
- Shree Cement posted a net profit of ₹5.56 billion, slightly below the IBES estimate of ₹5.59 billion but reflecting stable earnings.  
- Revenue from operations stood at ₹52.4 billion, exceeding market expectations and showcasing strong business momentum.  
- The company’s performance highlights its ability to navigate industry challenges while maintaining profitability.  

Dividend Declaration and Market Outlook:  
- Shree Cement has approved a dividend of ₹60 per share, reinforcing its commitment to rewarding shareholders.  
- The payout is expected to enhance investor confidence and strengthen market positioning.  
- Analysts view this move as a reflection of the company’s strong cash flow and financial stability.  

Sources: CNBC TV18, Economic Times, Financial Express

 

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