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Informist, Friday, Jul. 31, 2026

 

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--Shree Cement Apr-Jun net profit INR 4.38 bln 
--Analysts saw Shree Cement Apr-Jun net profit at INR 4.54 bln 
--Shree Cement Apr-Jun revenue INR 56.23 bln 
--Analysts saw Shree Cement Apr-Jun revenue at INR 54.72 bln 
--Shree Cement Apr-Jun net profit INR 4.38 bln vs INR 6.19 bln yr ago 
--Shree Cement Apr-Jun revenue INR 56.23 bln vs INR 49.48 bln yr ago 
--Shree Cement Apr-Jun standalone operating margin 23% vs 29% yr ago 
--Shree Cement Apr-Jun operating margin 23% vs 29% year ago 
--Shree Cement Apr-Jun EBITDA INR 12.76 bln vs INR 14.30 bln year ago 
--Shree Cement Apr-Jun India cement sales 10.23 mln tn, up 17% on year 
--Shree Cement Q1 India cement, clinker sales 10.49 mln tn, up 17.2% YoY 
--Shree Cement: Q1 EBITDA down YoY due to higher fuel, raw material cost 
--Shree Cement Q1 premium pdt sales 23.3% of trade volume vs 17.7% mix yr ago 
--Shree Cement: West Asia crisis, moderate monsoon short-term challenges
 

 

By Shakshi Jain

 

NEW DELHI – Shree Cement Ltd. Friday posted a sharp year-on-year fall in standlone net profit for the June quarter despite a healthy rise in revenue as total expenses rose much faster. The company's bottom line fell short of the Street's already beaten down expectations, while the top line surpassed analysts' consensus estimate by a comfortable margin.

 

In the JUne quarter, the cement-maker's bottom line declined for a second consecutive quarter on a year-on-year basis. Further, the pace of decline was stronger than in the March quarter. Meanwhile, the top line rose year-on-year for a sixth quarter in a row. The pace of top line growth stood at a three-quarter high.

 

Shree Cement's standalone net profit fell over 29% on year and almost 18% sequentially to INR 4.38 billion for the June quarter. Analysts had widely expected a decline due to an increase in fuel and logistics costs for the industry amid the war in West Asia. However, the company's earnings for the quarter were still slightly lower than the INR 4.54 billion expected by the Street.

 

The company's standalone revenue for the reporting quarter rose nearly 14% on year but declined by a paltry 0.4% sequentially to INR 56.23 billion. Analysts' consensus estimate had pegged the top line at INR 54.72 billion for the three months.  

 

Cement sales volume in India grew 17% year-on-year to 10.23 million tonnes in the June quarter. Total domestic sales volume for the quarter, including clinker sales, rose 17.2% on year to 10.49 million tonnes. Sales of premium products jumped to 23.3% of the total trade volume from 17.7% in the corresponding quarter of the preceding financial year, as per the company.

 

Shree Cement's earnings before interest, tax, depreciation, and amortisation fell to INR 12.76 billion for the June quarter from INR 14.30 billion a year ago. The EBITDA margin contracted by 600 basis points on year to 23%. The operating profit was lower "due to higher fuel and raw material cost resulting from impacts of West Asia crisis," the company said in a press release.

 

The company's total expenses for the quarter rose over 20% on year to INR 51.90 billion. This was led by a more than 29% year-on-year rise in power and fuel costs at INR 14.81 billion and a near-21% jump in freight and forwarding expense at INR 13.07 billion. Other expenses for the three months added up to INR 8.00 billion, up almost 19% on year. Depreciation and amortisation expense for the quarter totalled INR 5.86 billion, up over 6% on year.

 

Speaking on the larger landscape, the company said continued investments in roads, railways, and urban infrastructure are expected to support construction activity and cement demand, positioning the industry for healthy medium-term growth. It, however, added that geopolitical issues in West Asia and the possibility of a moderate monsoon could pose short-term challenges to this growth momentum.

 

Shree Cement detailed its earnings during market market hours and shares of the company ended the session on Friday at INR 26,055 on the National Stock Exchange, down 1.5% from Thursday.  End

 

Edited by Avishek Dutta

 

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