News: Shree Cements reported moderate revenue growth of 7.3% YoY to Rs.3551.8 crore on lower volumes. PAT declined 21.4% YoY to Rs.492 crore due to sharp rise in the power & fuel costs.
Views: While performance remained under pressure due to higher fuel costs (up 59% YoY, 23.6% QoQ), a check on freight costs (up 2.3% YoY, 3.7% QoQ) and better than expected realisations (up 17.5% YoY, 6.5% QoQ) led to better than expected operating performance during the quarter.
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