Revenue from operations was up 12.57% at ₹3,541.38 crore during the quarter against ₹3,146.01 crore in the year-ago period
Shree Cements on Saturday posted an over two-fold jump in consolidated net profit to ₹631.58 crore for the third quarter ended December 31, 2020.
Revenue from operations was up 12.57 per cent to ₹3,541.38 crore during the quarter under review against ₹3,146.01 crore in the year-ago period.
Total expenses stood at ₹2,797.24 crore, compared to ₹2,801.89 crore.
Meanwhile, in a separate filing, Shree Cements said its board has reappointed Hari Mohan Bangur as Managing Director of the company for a further period of five years.
His reappointment comes into effect from April 1, 2021 and would be subject to approval by the shareholders. The company operates in the market with brands Bangur Cement, Shree Cement, Shree Jung Rodhak and Rockstrong.
It also operates in the power sector and produces Autoclaved Aerated Concrete (AAC) blocks.