Shree Cement's March quarter shows why it commands rich valuations

Despite the Covid-19-led challenges, Shree Cement reported its highest-ever profitability in its mainstay cement business and better-than-expected earnings for the March quarter (Q4). The improvement in the profitability also helped offset the fall in volumes, and was led by higher realisations and cost leadership. Following the results posted on Friday after market hours, the stock has gained 2 per cent, even as the markets remained down. Realisations improved as prices in the north and central India, where Shree has high exposure, were better than in other regions. Reported realisation.....

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel
Key stories on are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.