New Delhi: Shree Cement Ltd’s consolidated net profit dropped to Rs 311.83 crore for the third quarter of the current fiscal as compared to Rs 329.83 crore in the same quarter of the previous fiscal.
Its total income of the company increased marginally to Rs 3,211.65 crore in the third quarter of the ongoing fiscal as compared to Rs 3,195.59 crore in the corresponding quarter of the previous fiscal, the company said in a regulatory filing.
However, the results are not comparable because the Shree Cement had acquired a stake in Union Cement Company (UCC) in July 2018 through its subsidiaries.