Shree Cement announced that the Board of Directors of the Company at its meeting held on 28 April 2018, inter alia have recommended the dividend of Rs.30 per equity share (i.e.300%), subject to the approval of the shareholders.

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Net profit of Shree Cement rose 31.11% to Rs 399.24 crore in the quarter ended March 2018 as against Rs 304.51 crore during the previous quarter ended March 2017. Sales rose 15.25% to Rs 2811.08 crore in the quarter ended March 2018 as against Rs 2439.02 crore during the previous quarter ended March 2017.

For the full year,net profit rose 3.37% to Rs 1384.18 crore in the year ended March 2018 as against Rs 1339.11 crore during the previous year ended March 2017. Sales rose 14.41% to Rs 9833.10 crore in the year ended March 2018 as against Rs 8594.30 crore during the previous year ended March 2017.

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Shree Cement will hold a meeting of the Board of Directors of the Company on 28 April 2018, to consider and approve the standalone and consolidated audited financial results of the Company for the Quarter and Year ended on March 31, 2018 and to consider recommending the final dividend, if any, on the equity shares of the Company for the said Year.

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Shree Cement has commissioned new Cement Grinding Unit [namely New Bihar Cement Plant (A Unit of Shree Cement)] having capacity of 2.0 MTPA at Aurangabad in Bihar.

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