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Shree Cement Ltd News

Shree Cement hits 52-week high; soars 15% in 3 weeks on good Q3 results

The management expects cement demand to grow on the back of likely increase in rural consumption aided by improved farm cash flows and sustained healthy demand for urban housing.

Shree Cement hits 52-week high; soars 15% in 3 weeks on good Q3 results
Updated On : 13 Feb 2025 | 1:32 PM IST

Shree Cement Q3FY25 results: Net profit falls 72.5% to Rs 193 crore

The company's consolidated net profit plunged 72.5 per cent to Rs 193 crore ($22.3 million) in the quarter ended Dec. 31

Shree Cement Q3FY25 results: Net profit falls 72.5% to Rs 193 crore
Updated On : 30 Jan 2025 | 7:29 PM IST

UltraTech Cement rallies 6% post Q3 results; Ramco, JK Lakshmi surge 5%

Going forward, UltraTech expects to generate a sustainable volume growth of 7- 8% on likely government focus on infrastructure and housing projects, alongside increased rural and urban demand.

UltraTech Cement rallies 6% post Q3 results; Ramco, JK Lakshmi surge 5%
Updated On : 23 Jan 2025 | 3:00 PM IST

Cement shares in action: Heidelberg, UltraTech, Shree, Nuvoco zoom up to 4%

The renewed investor interest in the cement shares came on the back of reports that cement dealers have initiated price hikes since the start of December

Cement shares in action: Heidelberg, UltraTech, Shree, Nuvoco zoom up to 4%
Updated On : 11 Dec 2024 | 10:32 AM IST

Cement shares in demand; UltraTech, Shree, JK, Dalmia Bharat gain up to 5%

While FY25 is seeing slow growth and subdued govt spending, CareEdge maintains a long-term outlook aligned with India's broader growth strategy with housing, continuing to be primary driver of cement.

Cement shares in demand; UltraTech, Shree, JK, Dalmia Bharat gain up to 5%
Updated On : 02 Dec 2024 | 11:47 AM IST

Shree Cement hits 52-week low, down 4% on disappointing Q2 results

The company expects gradual improvement in demand driven by increased government spending in the 2nd half of the fiscal and improved demand from urban and rural segments owing to good monsoon

Shree Cement hits 52-week low, down 4% on disappointing Q2 results
Updated On : 12 Nov 2024 | 1:36 PM IST

Shree Cement Q2FY25 results: Net profit declines 83% to Rs 76.44 crore

Shree Cement maintained its capital expenditure (capex) target to expand capacity to 80 million tonnes per annum

Shree Cement Q2FY25 results: Net profit declines 83% to Rs 76.44 crore
Updated On : 11 Nov 2024 | 6:18 PM IST

Shree Cement Q2FY25 results: Net profit falls 83% to Rs 76.64 crore

Bangur family-promoted Shree Cement Ltd on Monday reported 82.83 per cent decline in consolidated net profit at Rs 76.64 crore for September quarter FY25 as it faced challenging demand conditions on account of prolonged monsoon and lower price in the segment. The company had logged a net profit of Rs 446.62 crore in the July-September period a year ago, according to a regulatory filing from Shree Cement Ltd (SCL). Revenue from operations was down 15.07 per cent year-on-year to Rs 4,054.17 crore during the quarter. Like other cement makers, SCL also faced "challenging demand conditions on account of prolonged monsoon and softer prices faced by the industry," the company said in its earning statement. EBITDA stood at Rs 593 crore against Rs 870 crore in the corresponding quarter of the previous year. Total expense was at Rs 4,212.27 crore, down 3.52 per cent from the year-ago period. Total sale volumes came down by 7 per cent to 7.60 million tonne as against 8.20 million tonne. Tot

Shree Cement Q2FY25 results: Net profit falls 83% to Rs 76.64 crore
Updated On : 11 Nov 2024 | 5:39 PM IST

Q2 results today: Hindalco, ONGC, Britannia among 321 to post earnings

Q2 company results, November 11: Shree Cements, Jubilant FoodWorks, Bank of India, NMDC, and Ramco Cements will release their Q2FY25 results today

Q2 results today: Hindalco, ONGC, Britannia among 321 to post earnings
Updated On : 11 Nov 2024 | 10:12 AM IST

Nifty: Will the market rally yet again as FIIs turn overtly bearish in F&O?

Derivatives market update Oct 11: Last time around, in June, the Nifty rallied sharply after FIIs turned this bearish and the long-short ratio dipped to near 0.5. Will history repeat?

Nifty: Will the market rally yet again as FIIs turn overtly bearish in F&O?
Updated On : 11 Oct 2024 | 9:25 AM IST

Nifty weekly expiry in focus; FIIs pile up bearish bets in Bank Nifty

Derivatives market update Oct 10: FIIs open positions in Bank Nifty up over 200% since the start of Oct; overall long-short ratio in index futures now at lowest level since June.

Nifty weekly expiry in focus; FIIs pile up bearish bets in Bank Nifty
Updated On : 10 Oct 2024 | 9:47 AM IST

Shree Cement ties up with DPIIT to support startups in manufacturing sector

Shree Cement Ltd on Tuesday said it has signed a Memorandum of Understanding (MoU) with the Department for Promotion of Industry and Internal Trade (DPIIT) to support startups in the manufacturing sector and drive innovation. Through this partnership, Shree Cement aims to support product startups by offering infrastructure, mentorship, access to funding, and market connections, guiding them from prototype development to potential international expansion, the company said in a statement. "Our partnership with DPIIT reinforces our commitment to fostering innovation in the manufacturing sector. We believe this partnership will play an important role in promoting self-reliance through domestic manufacturing and import substitution," Shree Cement Managing Director Neeraj Akhoury said. DPIIT Director Sumeet Jarangal said, "This partnership between Shree Cement and DPIIT will lay the foundation for a brighter future for early stage manufacturing startups and is a strong step in making Indi

Shree Cement ties up with DPIIT to support startups in manufacturing sector
Updated On : 01 Oct 2024 | 9:01 PM IST