Shree Cement Q1 Results: Other income aids profit, revenue, margin miss estimates

Shree Cement Ltd. reported its June quarter results on Monday, August 4, which mostly missed expectations on a year-on-year basis.Net profit for the period nearly doubled on a year-on-year basis to ₹618.5 crore. The jump in profitability was aided by a 50% jump in the company’s other income to ₹201 crore. The figure was higher than the CNBC-TV18 profit estimate of ₹523 crore.
Revenue for the quarter increased by 2.3% from the same quarter last year to ₹4,948 crore, which turned out to be below what the street had pegged the figure to be at ₹5,025 crore.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter increased 34% on a year-on-year basis to ₹1,229 crore, but missed expectations of ₹1,321 crore.
EBITDA margin for the period expanded 6 percentage points to 25% from 19%, but the margin figure was also below the CNBC-TV18 poll estimate of 26.3%.Total sales volume for the quarter stood at 89.5 lakh tonnes.

Managing Director Neeraj Akhoury said that the company’s revenue and profitability saw healthy growth on a year-on-year basis, driven by a sustained focus on pricing, premiumisation, operational efficiencies, and disciplined cost management.

The company’s integrated cement units in Jaitaran, Kodla, both worth 3 MTPA each, are progressing as per schedule, and once they are commissioned, the total capacity will reach 68.8 MTPA. “The company is continuously exploring various opportunities to increase its capacity to reach its 80 MTPA goal by 2028,” Akhoury said.

Shares of Shree Cement have recovered from the lows of the day, and are now trading 0.2% higher at ₹30,725. The stock has risen 20% so far in 2025.