Star Cement's net profit halves to Rs 44 cr for Q1FY21

New Delhi: Star Cement Ltd’s consolidated net profit almost halved at Rs 44 crore for the first quarter of the current fiscal as compared to a net profit of Rs 83 crore in the corresponding quarter of the previous fiscal.

The consolidated revenues from operations fell 37 percent to Rs 291 crore for the first quarter of the current fiscal as compared to Rs 460 crore in the corresponding quarter of the previous fiscal. 

The consolidated total expenses of the company declined to Rs 248 crore for the first quarter of the current fiscal as compared to Rs 373 crore in the corresponding quarter of the previous fiscal, the company said in a regulatory filing.

 

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