Shares of cement maker slipped 1.42% to Rs 295.25 after the company posted a 22.4% decline in consolidated net profit to Rs 29.11 crore in Q4 FY22 from Rs 37.52 crore posted in Q4 FY21.
Incumbent CFO Abhishek Patel moves on to lead his family business.
Total Profit Before Tax, however for the year ended 31st March, 2022 showed a rise of 33% and stood at Rs.4600 lacs (Rs.3470 lacs).
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