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Bangur-family owned Shree Cement announced its Q4FY23 results on May 22, reporting a net profit of ₹546.21 crore, registering a decline of 15.3 per cent, compared to ₹645.21 crore in the corresponding period last year. The company's revenue from operations during the January-March quarter came in at ₹4,785.11 crore, posting a growth of 16.7 per cent, compared to ₹4,098.7 crore in the year-ago period.
The company's board has declared a second interim dividend of ₹55 per share (550 per cent) for the year 2022-23. Earlier in the year, the board had declared an interim dividend of ₹45 per share (450 per cent). The total dividend for the year 2022-23 works out to ₹100 per share (1000 per cent) compared to total dividend of ₹90 per share (900 per cent) in 2021-22. The board has not recommended any final dividend for 2022-23.
The total green power generation capacity increased to 385.5 MW as at the close of fiscal year 2022-23. The share of blended cement (low carbon cement) improved from 75.46 per cent in Q4 FY22 to 76.04 per cent in Q4 FY23. Shree Cement reduced its carbon emission by 3 per cent to 513 kg CO2/ton of cement equivalent in FY23.
Welcome to our channel money guru, where we bring you the latest updates and analysis on the corporate world. In this video, we delve into the highly anticipated fourth-quarter results of Shree Cement for the year 2023.
Shree Cement, one of India's leading cement manufacturers, recently released its financial report, and we are here to provide you with a comprehensive overview of their performance. Join us as we break down the key insights, analyze the financial figures, and discuss the implications of Shree Cement's Q4 results.
In this video, you can expect:
Revenue and Profit Analysis: We examine Shree Cement's revenue generation during the fourth quarter and explore the factors influencing their financial performance. We also delve into the company's profitability metrics, including operating profit, net profit, and margins.
Volume and Market Share: Discover how Shree Cement fared in terms of cement production and sales volumes, as well as their market share in the highly competitive cement industry.
Cost Management and Efficiency: We explore Shree Cement's cost structure, including raw material costs, operational expenses, and efforts to enhance operational efficiency. We discuss any cost-saving initiatives implemented by the company and their impact on the bottom line.
Expansion and Future Outlook: Learn about Shree Cement's expansion plans, capacity additions, and any new ventures in the pipeline. We also discuss the company's outlook for the future, including growth prospects, market dynamics, and potential challenges.
Investor Implications: Gain insights into the impact of Shree Cement's Q4 results on its shareholders and the stock market. We discuss the reaction of investors, stock price movements, and potential investment opportunities.
Whether you are an investor, a business enthusiast, or simply curious about Shree Cement's performance, this video provides an in-depth analysis of their fourth-quarter results. Stay tuned as we unravel the financial intricacies and implications of Shree Cement's Q4 2023 results.
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