Shree Cement announced that the Board of Directors of the Company at its meeting held on 18 May 2019, inter alia, have recommended the final dividend of Rs 35 per equity Share (i.e. 350%) , subject to the approval of the shareholders.

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Net profit of Shree Cement declined 19.61% to Rs 320.95 crore in the quarter ended March 2019 as against Rs 399.24 crore during the previous quarter ended March 2018. Sales rose 16.85% to Rs 3284.87 crore in the quarter ended March 2019 as against Rs 2811.08 crore during the previous quarter ended March 2018.

For the full year,net profit declined 31.29% to Rs 951.05 crore in the year ended March 2019 as against Rs 1384.18 crore during the previous year ended March 2018. Sales rose 19.21% to Rs 11722.00 crore in the year ended March 2019 as against Rs 9833.10 crore during the previous year ended March 2018.

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Meanwhile, the S&P BSE Sensex was up 920.65 points, or 2.43% to 38,851.42

On the BSE, 570 shares were traded in the counter so far compared with average daily volumes of 620 shares in the past one quarter. The stock had hit a high of Rs 20,625.30 and a low of Rs 19,831.35 so far during the day.

Shree Cement's net profit fell 19.61% to Rs 320.95 crore on 14.2% rise in total income to Rs 3329.96 crore in Q4 March 2019 over Q4 March 2018.

Shree Cement operates through two business segments: Cement and Power. The company's manufacturing operations are spread over North and East India.

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Shree Cement will hold a meeting of the Board of Directors of the Company on 18 May 2019.

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