Among the lowest cost manufacturers in the nation, Shree Cement manufactures and sells cement and items linked to cement. It is India’s third-largest cement production.
The firm is one of the most cost-effective cement maker in India since it consumes less fuel per tonne, uses captive power plants for the majority of its energy needs (80%–85%), and uses waste heat recovery systems (WHRS) and renewable energy sources to reduce its power costs.
Financial Results:
Shree Cement Limited‘s revenue in Q3FY23 rose 18% to ₹ 4,299 crores. Consolidated Profit After Tax came at ₹ 282 crores showcasing a 42% fall on an YoY basis. In this quarter’s results, the reports suggested that the fall in profits are due to a 31% YoY rise in expenses.
