Why Have Shree Cement Shares Corrected Despite Strong Q2 Numbers?

Shree Cement Ltd, a prominent cement company, announced a substantial year-on-year (YoY) increase of 158.95% in its standalone net profit for the second quarter ending on September 30, 2023, with the figure reaching ₹491.3 crore. In the same quarter of the previous year, Shree Cement reported a net profit of ₹190 crore, according to a statement filed by the company with regulatory authorities. Shree cement's shares plunge despite good set of numbers in Q2. BTTV's Sakshi Batra discusses Q2 figures and the company's future prospects with HM Bangur, MD, Shree Cement.