Shree Cements Shares: ₹50 Dividend Record Date Tomorrow, Ex-Date on Feb 5

Shree Cements’ share price saw a modest increase of 0.37%, trading at ₹27,656.7 at 12:34 PM. The stock opened at ₹27,600 and reached a high of ₹27,955 during the session, while dipping to a low of ₹27,349.75.

Corporate Action History

The corporate action history for the company shows a consistent pattern of dividend declarations. On January 31, 2024, the company declared an interim dividend of ₹50, with the ex-date set for February 8, 2024. In May 2023, an interim dividend of ₹55 was declared, with the ex-date of June 1, 2023.

Earlier, in January 2023, a ₹45 interim dividend was announced, with the ex-date of February 16, 2023. The company also declared a final dividend of ₹55 in May 2024, with the ex-date scheduled for July 23, 2024.

Q3 FY25 Financial Highlight

In Q3 FY25, the company reported a decline of 12.31% in revenue, totalling ₹4,684.83 crore compared to ₹5,340.94 crore in the same quarter last year. As of December 31, 2024, its net worth stood at ₹21,139.95 crore, with a debt-equity ratio of 0.04 and a current liability ratio of 83%.

The total debts to total assets ratio was 5%. The operating margin was 24%, and the net profit margin was 4%. On a quarter-on-quarter basis, total sales volumes rose by 15%, from 7.60 million tonnes to 8.77 million tonnes.

Driven by cost optimisation and efficiency initiatives, the total expenditure (excluding depreciation and interest) reduced from ₹4,122 per tonne to ₹3,748 per tonne on a quarter-on-quarter basis.

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