Shree Cements net profit fell 17.7% to Rs 529 crore in the first quarter of current fiscal from Rs 643 crore in the corresponding period last year.
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Shree Cements net profit fell 17.7% to Rs 529 crore in the first quarter of current fiscal from Rs 643 crore in the corresponding period last year.
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The company said the quarter included a one-time loss of Rs 204 crore. Other income increased to Rs 724 crore from Rs 464 crore a year ago.
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"The Middle East war has impacted costs, not supplies," he said, adding that the company incurred a cost escalation of around Rs 800 crore in its India business during the June quarter.
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