Shivam Cements has just released its financial report for the last fiscal year, and the numbers show a major turnaround. By the end of Ashar, the company’s profit skyrocketed by 205.85 percent compared to the previous year, reaching over Rs. 79 crore.
What caused this remarkable growth?
The company’s total profit increased by 66.30 percent to Rs. 1.72 arba, while expenses actually went down slightly. However, other income saw a drop of nearly 31 percent.
Product sales remained strong, showing a small rise of 0.78 percent, bringing in Rs. 7.76 arba in revenue. Investors will be interested to know that earnings per share are now Rs. 14.55, with a net worth per share of Rs. 188.57.
With a paid-up capital of Rs. 5.45 arba and reserves close to Rs. 4.83 arba, Shivam Cements seems well positioned for future growth.
