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SDCC profit hampered by fuel costs in 2QFY22-23

24 October 2022, Published under Cement News

India-based Shree Digvijay Cement Co Ltd (SDCC) has reported revenue from operations of INR1620.1m (US$19.6m) in the quarter ended 30 September 2022 (2QFY23), compared to INR1538.8m in the same period a year earlier. Over the same timeframe, EBITDA fell from INR285.2m to INR171.7m, while profit after tax tumbled from INR134m to INR59.6m. In the 2QFY22-23, power and fuel expenses stood at INR819.1m, compared to INR448.5m in the same period a year earlier. “Despite a very challenging quar...