{"id":118822,"date":"2024-02-08T14:26:24","date_gmt":"2024-02-08T08:56:24","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=118822"},"modified":"2024-02-08T14:26:26","modified_gmt":"2024-02-08T08:56:26","slug":"cement-stock-falls-by-4-8-despite-growth-in-net-profits-by-5571-qoq","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/cement-stock-falls-by-4-8-despite-growth-in-net-profits-by-5571-qoq\/","title":{"rendered":"Cement stock falls by 4.8% despite growth in net profits by 5,571% QoQ\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2922177327\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Despite a net profit growth of 5571.43 percent, the share prices of a company engaged in the manufacturing of cement and solar power generation and distribution in Karnataka, dropped by 4.8 percent on Thursday to Rs. 247.0, after the company announced its financial results for the December 2023 quarter.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-812012884\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market cap of Rs. 401 crore, shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/530977\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Shri Keshav Cements &amp; Infra Ltd.<\/a><\/strong> opened at Rs. 263.0 on February 8th, compared to its previous close of Rs. 259.55.\u00a0<\/p><p>The fluctuations in the share prices were observed after the company announced its financial results on Wednesday, for the third quarter and nine months ended 31st December 2023, through a recent filing with BSE.&nbsp;<\/p><p>On a quarterly basis, the revenue from operations grew by 35.22 percent from Rs. 25.15 crore in Q2 FY23-24 to Rs. 34.01 crore in Q3 FY23-24, whereas, the company witnessed a fall in revenue from operations by 0.84 percent YoY from Rs. 34.30 crore in Q3 FY22-23 to Rs. 34.01 in Q3 FY23-24.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3091722301\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>While the net profit of the company rose by 185.61 percent to Rs. 3.97 crore in Q3 FY23-24 versus Rs. 1.39 crore in Q3 FY22-23, the net profit of Shri Keshav Cements increased by 5571.43 percent to Rs. 3.97 crore in Q3 FY23-24 from Rs. 0.07 crore in Q2 FY23-24.&nbsp;<\/p><p>Throughout the quarter, the company received permission to expand its solar capacity from 37 MWP to 40 MWP.&nbsp;<\/p><p>Incorporated in 1993, the business segments of Shri Keshav Cement &amp; Infra Limited (SKCIL) are divided into two verticals: manufacturing of cement and generation of electricity using solar power.&nbsp;<\/p><p>SKCIL, formerly known as Katwa Udyog Limited, owns three very renowned regional brands of cement &#8220;Jyoti Power&#8221; &#8220;Jyoti Gold&#8221; &amp; &#8220;Keshav Cement&#8221;.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Shivani Singh&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-860333953\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Despite a net profit growth of 5571.43 percent, the share prices of a company engaged in the manufacturing of cement and solar power generation and distribution in Karnataka, dropped by 4.8 percent on Thursday to Rs. 247.0, after the company announced its financial results for the December 2023 quarter.&nbsp; With a market cap of Rs. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":118823,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[16523,16524,16522,948,936],"class_list":["post-118822","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-shri-keshav-cements-latest-news","tag-shri-keshav-cements-q3-results-fy24","tag-shri-keshav-cements-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cement stock falls by 4.8% despite growth in net profits by 5,571% QoQ\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Despite a net profit growth of 5571.43 percent, the share prices of a company engaged in the manufacturing of cement and solar power generation and distribution in Karnataka, dropped by 4.8 percent on Thursday to Rs. 247.0, after the company announced its financial results for the December 2023 quarter.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/cement-stock-falls-by-4-8-despite-growth-in-net-profits-by-5571-qoq\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cement stock falls by 4.8% despite growth in net profits by 5,571% QoQ\u00a0\" \/>\n<meta property=\"og:description\" content=\"Despite a net profit growth of 5571.43 percent, the share prices of a company engaged in the manufacturing of cement and solar power generation and distribution in Karnataka, dropped by 4.8 percent on Thursday to Rs. 247.0, after the company announced its financial results for the December 2023 quarter.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/cement-stock-falls-by-4-8-despite-growth-in-net-profits-by-5571-qoq\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-08T08:56:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-08T08:56:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/02\/cement0-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/cement-stock-falls-by-4-8-despite-growth-in-net-profits-by-5571-qoq\/\",\"url\":\"https:\/\/tradebrains.in\/features\/cement-stock-falls-by-4-8-despite-growth-in-net-profits-by-5571-qoq\/\",\"name\":\"Cement stock falls by 4.8% despite growth in net profits by 5,571% QoQ\u00a0 - 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