Saturday, May 28, 2011


SHREE CEMENT LIMITED
NORTH INDIA’S LARGEST CEMENT MANUFACTURER
Q4 Turnover up 13%, Operating profit down 10%
During the Quarter, Company has posted Net Sales of Rs. 1070 crore, up 13% from Rs. 944 crore in corresponding previous quarter of last year. Cement and Clinker Sales Volume of the Company grew 8% against North Indian Demand Growth of 6%. EBITDA for the quarter was Rs. 298 crore against Rs. 331 crore in corresponding quarter of previous year.
During the year, Company posted net sales of Rs. 3511 crore, down marginally from Rs. 3632 crore in 2009-10. Cement and Clinker sales volume remained flat during the year on account of sluggish demand and surplus capacity. Operating Profit for the year down 41% at Rs. 932 crore against 1578.35 crore in last year.
Dividend
Company’s Board has declared a Final Dividend of Rs 8/- share to its members. The company had also paid an Interim Dividend of Rs. 6/- share during the year which takes total Dividend payment for the year to Rs. 14/- share against Rs. 13/- share paid last year.
Expansion projects

During the Quarter, Company has commissioned the 1.50 MTPA Clinker Grinding Unit at Jobner near Jaipur in Rajasthan. With this grinding unit, the cement capacity of the Company has increased to 13.5 MTPA.
Work on 300 MW (2 x 150 MW) power plant is in advanced stage of completion. The 1st unit of 150 MW is expected to come up by second quarter and the second unit by third quarter of current year.
Awards
In recognition of Company’s efforts made in the field of sustainability, climate protection and good business practices, it has received the following awards:
  • ICC sustainability vision award of “CSR contributing to inclusive growth” for year 2010-11.
  • Golden Peacock Award by Institute of Director for Climate Security
  • Jamnalal Bajaj award for Fair Business Practices
Outlook
Cement Industry outlook for next 6-8 quarters continues to remain sluggish with over capacity exerting pressure on prices and thereby affecting cement realizations. Increasing Government thrust on infrastructure, affordable housing and rising real estate demand may lead to an early recovery.

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