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Informist, Tuesday, Oct. 28, 2025

 

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--Shree Cement Jul-Sept net profit INR 2.77 bln 
--Analysts saw Shree Cement Jul-Sept net profit at INR 3.9 bln 
--Shree Cement Jul-Sept revenue INR 43.03 bln 
--Analysts saw Shree Cement Jul-Sept revenue at INR 43.59 bln 
--Shree Cement Jul-Sept net profit INR 2.77 bln vs INR 931.30 mln year ago 
--Shree Cement Jul-Sept revenue INR 43.03 bln vs INR 37.27 bln year ago 
--Shree Cement Jul-Sept EBITDA INR 10.08 bln vs INR 7.70 bln year ago 
--Shree Cement to pay INR 80 per share interim dividend 
--Shree Cement interim dividend record date is Monday 
--Shree Cement Apr-Sept net profit INR 8.96 bln vs INR 4.11 bln year ago 
--Shree Cement Apr-Sept revenue INR 92.51 bln vs INR 85.62 bln year ago 
--Shree Cement Jul-Sept total cement sales volume up 6.8% on year 
--Shree Cement Jul-Sept premium pdt sales 21.1% of total trade volume
 

 

By J. Navya Sruthi

 

MUMBAI – Shree Cement Ltd.'s bottom line skyrocketed in the September quarter on higher sales volume, premiumisation, and improved operational efficiency. However, the net profit missed the Street's view. The company's revenue grew in double digits and was in line with analysts' expectations. 

 

Shree Cement's net profit for the quarter was up a whopping 198% on year at INR 2.77 billion. However, it was lower than analysts' expectation of INR 3.9 billion. Revenue from operations rose more than 15% on year to INR 43.03 billion, almost in line with analysts' estimate of INR 43.59 billion. Sequentially, the company's bottom line fell over 55% in the reporting quarter and its revenue from operations declined around 13%.

 

The company's total cement sales volume rose 6.8% on year in the reporting quarter. Sales of premium products rose to over 21% of the total sales volume compared to around 15% in the corresponding period previous year.

 

Shree Cement's earnings before interest, tax, depreciation and amortisation for the quarter was INR 10.08 billion, up nearly 31% on year. The company's operating profit rose 44% on year to INR 8.51 billion, supported by operational efficiencies and strategic cost management.

 

During the quarter, the company entered the east India market by setting up a ready-mix concrete plant at Raipur in Chhattisgarh, taking the total operational ready-mix concrete plants to 24. The company also commissioned India's first ready-mix concrete solar plant at its facility in Jaipur, Rajasthan. "The Jaipur facility now runs primarily on clean, renewable solar energy, reducing its carbon footprint and setting a new standard for ecofriendly construction in India," the company said in a press release. 

 

As part of its transition to GST 2.0 announced by the GST Council, the company said it has passed on the full benefit of the cut in goods and services tax rate to its customers from Sept. 22. "The recent policy measures, including GST (goods and services tax) rate rationalization supported by benign inflation levels, are expected to stimulate economic momentum," the company's Managing Director Neeraj Akhoury said in a release. "This creates a favorable backdrop for the cement industry, and we are confident in our ability to sustain strong performance and deliver consistent results in the coming quarters."

 

The company's total expenditure during the September quarter rose 5% on year to INR 40.57 billion due to increase in power and fuel costs, other expenses, and freight and forwarding expenses. Shree Cement's power and fuel expenses rose nearly 4% on year to INR 10.40 billion and freight and forwarding expenses were up nearly 6% at INR 9.42 billion. Other expenses rose nearly 16% on year, the highest rise under total expenses, to INR 6.73 billion.

 

Depreciation and amortisation expenses fell around 17% on year to INR 5.55 billion. Power and fuel expenses accounted for over 26% of the company's total expenses in the quarter and freight and forwarding expenses accounted for over 23%.

The company has announced an interim dividend of INR 80 per share and fixed Monday as the record date. The dividend will be paid out from Nov. 14.

 

The company's net profit for Apr-Sept was INR 8.96 billion, more than double of INR 4.11 billion reported in the year-ago period. Revenue for the first half of 2025-26 (Apr-Mar) was up around 8% on year at INR 92.51 billion.

 

Tuesday, Shree Cement shares closed at INR 28,585.00 on the National Stock Exchange, largely unchanged from the previous close.  End

 

Edited by Ashish Shirke

 

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