During the quarter, profit before tax stood at Rs 32.09 crore from Rs 21.21 crore posted in same quarter last year, registering the growth of 51.3%.

EBITDA stood at Rs 41.06 crore in Q4 FY23, registering a growth of 34% as against Rs 30.58 crore posted in corresponding quarter previous year.

Sales volume increased by 2.77% to 3.34 lakh tonnes in Q4 FY23 as compared with 3.25 lakh tonnes in Q4 FY22.

On full year basis, the company's net profit rose 5.1% to Rs 58.08 crore on 15.5% jump in net sales to Rs 726.74 crore in FY23 over FY22.

Anil Singhvi, executive chairman of the company, said, “Despite very high cost of coal which has impacted the margins of cement industry, SDCC performed well by improving plant performance and keeping the cost under control. The coal prices are now softening and expected to soften further, which will reduce the cost of production. We are very happy to have received the Environment Clearance (EC) for expansion to 3 million tonnes of cement. With sufficient limestone deposits, the Company is well poised to embark upon growth. “

Rajeev Nambiar, managing director of the company said “Another impressive year for SDCCL inspite of challenges on cost & intense market competition. Debottlenecking and asset optimization initiatives led to long term gains which are visible in the performance. Combined with highest ever blended and special products sales led to the consolidation of top line growth and profitability. Beginning of operations of SDCCL Logistics and grant of EC for expansion adds newer opportunities for future business growth.”

The board has recommended a final dividend of Rs 2.5 per share for FY23

Shree Digvijay Cement Company is engaged in the business of manufacturing and selling of cement.