Shree Cement: sluggish demand, rising input costs hurt margins
Shree Cement’s result for the December 2010 quarter again highlights the difficult conditions for the sector due to sluggish demand and rising costs of key inputs like power and freight on a per-tonne basis.
Its operating profit margin declined by 1,850 basis points YoY to 20.3% in the third quarter. The net sales of the company, a leading player in the northern region, also fell 9.9% to INR780.4 crore. Its net profit also declined by almost four-fifth compared with a year earlier to INR27.5 crore in the quarter. Published under Cement News
