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Informist, Friday, Feb. 6, 2026

 

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--Shree Cement Oct-Dec net profit INR 2.79 bln 
--Analysts saw Shree Cement Oct-Dec net profit at INR 3.57 bln 
--Shree Cement Oct-Dec revenue INR 44.16 bln 
--Analysts saw Shree Cement Oct-Dec revenue at INR 47.79 bln 
--Shree Cement Oct-Dec net profit INR 2.79 bln vs INR 2.29 bln yr ago 
--Shree Cement Oct-Dec revenue INR 44.16 bln vs INR 42.35 bln yr ago 
--Shree Cement Apr-Dec net profit INR 11.74 bln vs INR 6.40 bln yr ago 
--Shree Cement Apr-Dec revenue INR 136.68 bln vs INR 127.97 bln yr ago 
--Shree Cement Oct-Dec new labour code implementation cost INR 559.9 mln 
--Shree Cement Oct-Dec operating margin 22% vs 25% year ago 
--Shree Cement Oct-Dec EBITDA INR 9.87 bln vs INR 10.61 bln year ago 
--Shree Cement Oct-Dec total cement sales volume up 2% on year 
--Shree Cement Q3 sales volume impacted on disruption in Baloda Bazar unit 
--Shree Cement: Remain cautiously optimistic on demand in coming qtrs 
 

 

By P. Madhu Kumar

 

MUMBAI – Shree Cement Ltd. reported a modest growth in top line in the December quarter, as sales were adversely impacted by disruptions to operations at its facility in Baloda Bazar, Chhattisgarh. The revenue was lower than analysts' expectations. The disruption in its production also impacted the quarter's net profit, which was below the Street view. The company also incurred a one-time cost of INR 559.9 million due to the implementation of the new Labour Codes. 

 

The cement major's revenue grew over 4% on year to INR 44.16 billion during the December quarter. Sequentially, revenue rose by nearly 3%. "Sales of premium products jumped to 22% of total trade volume via-a-vis 15% in the corresponding previous quarter," the company said.  The company reported an over 21% on year increase in its net profit to INR 2.79 billion for the reporting quarter. Analysts had pegged the net profit at INR 3.57 billion. Despite a significant jump in net profit, operating profit declined 3% to INR 9.17 billion due to operating leverage, the company said in a press release.

 

"The quarter delivered a steady performance despite a benign demand environment. Our continued focus on operational excellence, disciplined cost management, and strengthening of our premium product portfolio enabled us to maintain resilience," Neeraj Akhoury, managing director, said in the release. More

 

The company's operations at its Baloda Bazar grinding unit came to a standstill for at least five days after workers at the facility went on strike demanding better working conditions, timely payment of wages, and implementation of safety precautions at the plant. The lockout caused a production halt of approximately 10,000 tonnes per day, the company had said. The company's total cement sales volume in the December quarter rose 2% on year. 

 

The company's operating margin for the quarter fell to 22% from 25% a year ago. Its earnings before interest, taxes, depreciation, and amortisation declined to INR 9.87 billion from INR 10.61 billion in the same quarter a year ago. 

 

The company said it is cautiously optimistic about demand in the coming quarters, given the government's focus on infrastructure development and a steady improvement in construction activities. The company said it will continue to drive performance with a sharp focus on efficiency, product quality, and customer value.

 

Shree Cement's green power generation capacity stood at 634.5 megawatts and the company said it is consistently ramping up the capacity in the segment.

 

"The work on the integrated project at Kodla, Karnataka, of 3.0 MTPA cement capacity is nearly completed, and pre-commissioning activities are underway. We expect the commissioning of this plant to be achieved within this quarter," the company added. 

 

The company reported a net profit of INR 11.74 billion for the nine months ended December, sharply up from INR 6.40 billion in the year ago period. Its revenue for the period was INR 136.68 billion, up from INR 127.97 billion a year ago. 

 

Friday, the company's shares ended 0.4% higher at INR 27,330 on the National Stock Exchange. The company announced its December-quarter earnings after market hours.   End

 

Edited by Saji George Titus

 

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