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Informist, Wednesday, May 6, 2026

 

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--Shree Cement Jan-Mar net profit INR 5.32 bln 
--Analysts saw Shree Cement Jan-Mar net profit at INR 5.30 bln 
--Shree Cement Jan-Mar revenue INR 56.43 bln 
--Analysts saw Shree Cement Jan-Mar revenue at INR 55 bln 
--Shree Cement Jan-Mar net profit INR 5.32 bln vs INR 5.56 bln yr ago 
--Shree Cement Jan-Mar revenue INR 56.43 bln vs INR 52.40 bln yr ago 
--Shree Cement to pay INR 70 per share final dividend 
--Shree Cement Jan-Mar EBITDA INR 13.63 bln vs INR 15.31 bln year ago 
--Shree Cement Jan-Mar operating margin 24% vs 29% year ago 
--Shree Cement FY26 net profit INR 17.06 bln vs INR 11.96 bln yr ago 
--Shree Cement FY26 revenue INR 193.11 bln vs INR 180.37 bln yr ago 
 

 

By Gunjan Rajput

 

NEW DELHI – Shree Cement Ltd. reported a year-over-year decline in its net profit for the March quarter as the growth in the company's total expenses was faster than the rise in revenue from operations. This is the first time in four quarters that the company's net profit declined, but was largely in line analaysts' estimates. The company's top line witnessed moderate growth in the March quarter, beating analysts' estimates by a comfortable margin.

 

The cement major's standalone net profit for the March quarter was INR 5.32 billion, down over 4% from INR 5.56 billion in the year-ago period. Analysts had estimated the company's consolidated net profit at INR 5.30 billion. The company's revenue from operations rose to INR 56.43 billion, up nearly 8% from INR 52.40 billion a year ago, exceeding analysts' estimate of INR 55 billion. The company recommended final dividend of INR 70 per share for the financial year 2025-26(Apr-Mar).

 

The company's earnings before interest, tax, depreciation and amortisation in the quarter fell nearly 11% on year to INR 13.63 billion from INR 15.31 billion. The operating profit margin narrowed to 24% from 29% a year ago. 

 

The company's total expenses in the March quarter rose over 9% on year to INR 50.85 billion. Freight and forwarding expenses, which account for 26% of the total expenses, rose nearly 17% on year to INR 13.49 billion, while power and fuel expenses increased over 8% to INR 12.48 billion. Depreciation and amortisation expense declined nearly 15% on year to INR 6.38 billion, and other expenses were down over 2% at INR 7.15 billion.

 

The company's total cement sales volume grew 11% on year to 10.56 million tonnes from 9.52 million tonnes, while registering 24.5% growth on a quarter-on-quarter basis in the March quarter. Total volume, including of clinker sales, jumped 9.4% on year to 10.77 million tonnes, while increasing 23.2% sequentailly. Sales of premium products increased to 22% from 16% a year ago. 

"The company is rapidly expanding its RMC (ready-mix concrete) business with 26 operational plants at the end of FY25-26. During the month of March 2026, company inaugurated 10 new commercial RMC plants, which are currently under commissioning. With the commissioning of these plants, the total RMC plant count will increase to 36 plants, significantly strengthening the company's operational footprint at the start of FY27," Shree Cement said in its presentation.

 

During the March quarter, the company commissioned an integrated project at Kodla, Karnataka, with clinker capacity of 3.65 million tonnes per annum and cement capacity of 3.50 million tonnes per annum. Following the commissioning, the company's total installed cement production capacity in India, including through wholly-owned subsidiaries, rose to 69.3 million tonnes per annum.

 

As part of its expansion plans, the company is setting up an integrated cement plant in Meghalaya with clinker capacity of 950,000 tonnes per annum and cement capacity of 990,000 tonnes per annum. In the March quarter, it also incorporated a wholly-owned subsidiary in Mauritius to establish and operate cement blending, storage, and packaging facilities.

"While cost pressures persisted due to the impact of the West Asia conflict, we continue to strengthen our performance by improving energy efficiency, increasing digitalisation across operations, and leveraging data-driven processes to enhance productivity," Managing Director Neeraj Akhoury said in the presentation. 

 

For FY26, Shree Cement reported a consolidated net profit of INR 17.06 billion, up over 42% on year from INR 11.96 billion. Consolidated revenue for the 12 months rose about 7% to INR 193.11 billion from INR 180.37 billion a year ago.   

 

On Wednesday, shares of the company ended at INR 24,975 on the National Stock Exchange, up nearly 1%.  End 

 

Edited by Avishek Dutta

 

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