Star Cement Q2 profit down 22.79% to Rs 46.53 cr

Star Cement Ltd on Monday reported a 22.79 per cent decline in its consolidated net profit to Rs 46.53 crore for the second quarter ended in September 2021.

The company had reported a net profit of Rs 60.27 crore for the July-September quarter a year ago.

See Zee Business Live TV Streaming Below:

However, revenue from operations was at Rs 406.56 crore, up 1.16 per cent, during the period under review as against Rs 401.89 crore of the corresponding quarter, Star Cement in a regulatory filing.

Total expenses were at Rs 371.08 crore, up 7.29 per cent in Q2/FY 2021-22 as against Rs 345.84 crore.

Shares of Star Cement Ltd on Monday settled at Rs 100.40 on BSE, up 1.01 per cent from the previous close.