Shiva Cement records 252.5% rise in 4Q net profit

Financial results

Indian cement producer Shiva Cement Ltd has released its financial results for the quarter ended 31 March 2014.

4Q results

• Net sales/income from operations stood at Rs.2108.77 lakh, increasing by 57.12% y/y from Rs.1342.13 lakh in the quarter ended 31 March 2013.
• Total expenses rose from Rs.1105.01 lakh in the quarter ended 31 March 2013 to Rs.1834.17 in the quarter ended 31 March 2014.
• Standalone net profit for the reporting period was Rs.96.34 lakh, a huge 252.5% y/y increase compared to Rs.27.33 lakh in the corresponding quarter in 2013.

Full year results

• Net sales/income from operations stood at Rs.6298.1 lakh in the year ended 31 March 2014, increasing from Rs.5670.37 lakh in the year ended 31 March 2013.
• Total expenses rose from Rs.4977.46 lakh in the year ended 31 March 2013 to Rs.5624 in the year just ended.
• Standalone net profit for the reporting period was Rs.250.14 lakh, decreasing from Rs.264.94 lakh in the pervious fiscal year.

Cement dispatches

• Shiva Cement registered a growth of 15.5% y/y in dispatches of cement and clinker in April 2014, compared to April 2013.
• The company additionally witnessed a 12.3% y/y improvement in dispatches during the January – March 2014 quarter, compared to the same quarter in 2013.

Adapted from press release by Rosalie Starling

Read the article online at: https://www.worldcement.com/asia-pacific-rim/04062014/shiva_cement_records_252-5_percent_rise_in_4q_net_profit_300/