News

Shree Cement Q4 Results: Profit, revenue above estimates; ₹60 dividend declaredShree Cement now has a total installed cement production capacity of 62.8 MTPA, after it commissioned a cement grinding unit in Etah, Uttar Pradesh and another one at Baloda Bazar in Chhattisgarh.By Hormaz Fatakia   May 14, 2025, 3:03:46 PM IST (Updated)2 Min ReadKolkata-based cement manufacturer Shree Cement Ltd. reported its March quarter results on Wednesday, May 14. The stock is trading with gains of around 2% post the announcement.

Net profit for the period declined by 16% from last year to ₹556 crore, but the number was marginally higher than the CNBC-TV18 poll of ₹524 crore.

Revenue for the quarter increased by 3% year-on-year to ₹5,240 crore, but a CNBC-TV18 poll had projected a marginal revenue drop from last year to ₹4,999 crore.

Shree Cement's Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter increased by 4.1% on a year-on-year basis to ₹1,381 crore. A CNBC-TV18 poll was working with a figure of ₹1,298 crore.

EBITDA margin expanded by 20 basis points from last year to 26.36% from 26.17%. The CNBC-TV18 poll had expected a 25.97% figure.

Shree Cement has also declared a dividend of ₹60 per share, which is in addition to the ₹50 per share it had announced in February last year.

Cement and clinker sale volume stood at 9.84 million tonnes at the end of the March quarter, which is the highest quarterly volume achieved by the company.

Premium products now formed 15.6% of the trade sale volume, compared to 11.9% in the same quarter last year.

"As we move into FY26, we remain optimistic about improved cement demand and will therefore continue to drive our strategic initiatives of premiumization, geo-mix and cost optimization. We remain committed to growth, sustainability, and value creation for our stakeholders," Neeraj Akhoury, the Managing Director of Shree Cement said.

Shree Cement now has a total installed cement production capacity of 62.8 MTPA, after it commissioned a cement grinding unit in Etah, Uttar Pradesh and another one at Baloda Bazar in Chhattisgarh. Other ongoing projects of integrated cement units in Jaitran, Rajasthan and Kodla in Karnataka are scheduled to commission in the first and second quarter of financial year 2026 respectively.

Out of the two cement mills commissioned at Jaitran in Rajasthan, only one will be commissioned, while the other will be installed later, the company said in a statement.

Shares of Shree Cement are trading 1.9% higher at ₹30,710. The stock has risen 20% so far in 2025 and is trading close to its all-time high level of ₹31,415.Continue ReadingFirst Published: May 14, 2025 2:58 PM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!Tagsshare market todayShree Cement