Shree Cement’s consolidated net profit fell 15 per cent year-on-year to ₹263.46 crore in the September quarter of FY27, even as revenue from operations rose 23.84 per cent to ₹5,896.51 crore, according to the company’s earnings statement reported by The Hindu BusinessLine.
The Bangur family-promoted company, described as India’s third-largest cement group by capacity, had reported a consolidated net profit of ₹309.82 crore in the corresponding quarter of the previous fiscal. Shree Cement attributed the pressure on profitability mainly to elevated fuel prices.
The company’s consolidated per-tonne EBITDA declined 8 per cent year-on-year to ₹966 from ₹1,055. It said the fall was primarily due to higher fuel costs. Total consolidated expenses increased 25.2 per cent to ₹5,641.74 crore during the quarter.
Domestic sales volumes of cement and clinker increased 18 per cent year-on-year to 9.31 million tonnes from 7.91 million tonnes. Shree Cement also reported a rise in the contribution of premium products, which accounted for 28.7 per cent of total trade volume in its India operations, compared with 21.1 per cent in the same quarter a year earlier.
Green electricity accounted for 65.2 per cent of the company’s total power consumption during the quarter. Shree Cement said it currently has 667 MW of green power generation capacity, including capacity held through its wholly owned Indian subsidiary, and is pursuing additional projects to increase the share of green energy in its overall power use.
The company’s ready-mix concrete business also expanded during the quarter. RMC sales volumes more than doubled to 2.73 lakh cubic metres, while revenue rose to ₹129 crore. The business remained operationally EBITDA-positive, supported by mature plants and the gradual ramp-up of newly commissioned facilities, the company said.
Total income, including other income, increased 21.63 per cent to ₹6,008.98 crore. Consolidated income for the first half of FY27 stood at ₹12,453.82 crore.
Shree Cement said India’s economic conditions remained supportive, citing sustained infrastructure spending, urban development and stable macroeconomic conditions. It said investments in roads, railways, housing and data centres were expected to support cement demand, although a weak monsoon could affect rural demand.
Shares of Shree Cement were trading at ₹22,498.50 apiece on Friday afternoon, up 0.84 per cent from the previous close.
