Shivam Cements Increases Net Profit by 26%

May 12, 2021 12:11 PM Merolagani

Shivam Cements (SHIVM) has increased its net profit by 26.52 percent in the third quarter of the current FY.

The company earned a net profit of Rs 1.09 billion in the review period compared to Rs 860.5 of the corresponding period of the last FY.

The company has increased its sales as well as other income and its expenses has not increased much which helped to boost its net profit.

During the period, the company increased its income by 3.83 percent to Rs 7.35 billion and other income by 245 percent to Rs 38.9 million.

In the review period, its spending increased by 0.45 percent to Rs 6.09 billion.

Currently, the company has a paid-up capital of Rs 4.40 billion, EPS of Rs 33.03, net worth per share of Rs 215.38 and P/E ratio of 43.81 times.


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