Gujarat Sidhee Cement's net profit tanks 63% to Rs 4.98 cr for Q1FY21

New Delhi: Gujarat Sidhee Cement Ltd’s consolidated net profit tanked 63 percent to Rs 4.98 crore for the first quarter of the current fiscal as compared to a net profit of Rs 13.6 crore in the corresponding quarter of the previous fiscal.

The consolidated revenue from operations of the company fell 42 percent to Rs 89 crore for the first quarter of the current fiscal as compared to Rs 153 crore in the corresponding quarter of the previous fiscal.

The total expenses of the company dropped Rs 84 crore for the first quarter of the current fiscal as compared to Rs 134 crore in the corresponding quarter of the previous fiscal, the company said in a regulatory filing.

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