Shree Cement Q4 net jumps 83% to ₹588 cr; beats estimates

Shree Cement on Friday reported an 83% jump in its net profit for the quarter ending 31 March, 2020 at ₹588 crore. The cement-maker reported net profit of ₹321 crore in the same period a year ago.

According to Refinitiv data, the consensus forecast for March quarter was ₹446 crore.

The revenue from operations declined marginally to ₹3,218 crore as against ₹3,285 crore in March 2019.

On Friday, the company's scrip on BSE closed 1.2% higher at ₹18,665.