Deccan Cement stock slips over 1% post Q3 results

27 Jan 2022 , 03:37 PM

Deccan Cements Ltd. announced its results for the quarter ending December 2021.  The company reported a revenue of Rs 190.51 crore for Q3 FY’22 against Rs 208.10 crore for Q3 FY’21, reflecting a decline of 8.45% YoY. While its revenue for the 9M period ending December 2021 stood at Rs 606.65 crores against Rs 544.77 crores for the previous corresponding period.

Deccan Cement’s PAT stood at Rs 27.21 crore for Q3 FY’22 against Rs 33.10 crore for Q3 FY’21, decreasing by 17.80% YoY. While its PAT for the 9M period ending December 2021 remained at Rs 87.38 crore against Rs 93.05 crore for a similar period last year, dipping over 6.10%.

Deccan Cements is a major cement producer in the South Indian region with over 2.3 million TPA plants. It has been engaged in the business of manufacturing and marketing cement for over three decades now. Company holds a leadership position amongst its rivals and is a well-entrenched brand in the market.