Shivam Cements Logs Declines in Net Profit by 51%

Aug 15, 2022 10:16 AM Merolagani

Shivam Cements (SHIVM) has published its fourth-quarter report of the last FY. As per the report, its net profit has declined in the review period compared to the corresponding period of the previous FY.

During the period, the company earned Rs 689.3 million in net profit. The net profit declined by 51.20 percent compared to Rs 1.41 billion of the pervious FY.

Decline in income and increase in expenses can be attributed to the decline in its net profit.

During the period, its sales income decreased by 3.69 percent while other income increased by 321.52percent. similarly, its total operating income decreased by 2.17 percent while  its total expenses increased by 8.44 percent.

The company with paid-up capital of Rs 4.40 billion has decreased its reserve fund by 10.60 percent.

Along with its net profit, its EPS declines to Rs 15.67. Meanwhile, its net worth per share is Rs 209.82 and P/E ratio is 48.50 times.

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