Analyst Consensus (1 calls)
Despite an 8% dip in Q4 FY24 net profit, Shree Cement [SHREECEM] shares rallied. Learn why Nomura and Elara maintain a bullish outlook, citing strong volume growth and dividend payouts.
Shree Cement [SHREECEM] reported an 8% decline in Q4 net profit, attributed to surging operational costs, particularly elevated fuel expenses, despite achieving higher revenue and sales volumes.
Cement major Shree Cement [SHREECEM] announced its Q4 FY24 results, reporting a 10% rise in revenue to ₹6,101 crore, despite an 8% year-on-year decline in consolidated PAT to ₹526 crore. The company's board also proposed a final dividend of ₹70 per share.