Shivam Cements Pens Decrease in Income and Profit

Aug 15, 2023 12:29 PM Merolagani

Shivam Cements (SHIVM) has earned a net profit of Rs 302.4 million in the last FY. The company recorded 56.21 percent decline in net profit compared to Rs 690.7 million of the corresponding period of the last FY.

Decrease in sales led to decline in net profit for the company.

During the period, its operating income declined by 16.28 percent to Rs 7.75 billion and total income by 14.35 percent to Rs 8.11 billion.

Along with net profit, its ESP decline to Rs 6.87. the company has net worth per share of Rs 206.23 and P/E ratio of 94.83 times.

The company with Rs 4.40 billion in paid-up capital has reserve fund of Rs 4.67 billion.

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