Shri Digvijay Cement falls over 5% as net profit declines 18%

Shares of Shree Digvijay Cement Co Ltd declined beyond 5 percent on Friday, January 24, with Q3 results announcement of a declined net profit at Rs 0.39 crore.

Shree Digvijay Cement Co Ltd shares are currently trading at Rs 73.10 which is at a decline of 5.51 percent, as at 3:15 pm on January 24.

Read about Stock Market updates LIVE

The company's topline declined 20.88 percent on a year-on-year basis. Its profit fell by 94.73 percent YoY, reaching Rs 0.39 crore, and its revenue was recorded at Rs 145.18 crore, 17.9 percent lower.On a quarter-on-quarter basis, the revenue reported a decline of 17.9 percent while the profits were lower by 96.54 percent. The operating income for the quarter fell by 95.73 percent on QoQ basis; down by 93.55 percent YoY. As per the exchange filing, the expenses during this quarter

also includes annual plant shutdown amounting to about Rs 17 crore.

"Cement demand and price have started improving in January 2025 & we expect demand to be even better in the coming months with better realisation," said R Krishna Kumar, CEO & managing director, in the exchange filing.Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.