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Shiva Cement records 252.5% rise in 4Q net profit

Published by
World Cement,


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/


 

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