Shree Cement profit more than doubles to ` 572 cr

New Delhi: Bangur family-promoted Shree Cement Ltd on Wednesday reported over two-fold jump in consolidated net profit at Rs 571.94 crore for June quarter 2023-24 on account of volume growth. The company had logged a net profit of Rs 278.86 crore in April-June period a year ago, Shree Cement said in a BSE filing. Revenue from operations was higher at Rs 5,064.83 crore during the quarter under review as against Rs 4,414.85 crore earlier. In June quarter, it delivered a volume growth of 19 per cent with EBITDA increasing 14 per cent year-on-year, said an earning statement from Shree Cement. Total sale volume increased YoY from 7.50 million tonne to 8.92 million tonne. Total expenses rose to Rs 4,533.67 crore from Rs 4,019.11 crore. Total income in June quarter was at Rs 5,233.90 crore, up 19.09 per cent as against the year-ago period.