Shree Cement announced its financial results for the second quarter of FY27, reporting a robust 24% year-on-year revenue growth to ₹5,897 crore. This increase was driven by an 18% rise in domestic sales volume and a strengthening premium product portfolio. The company also saw its operating profit (EBITDA) grow to ₹1,074 crore, despite challenges from elevated fuel prices impacting per-ton EBITDA.
Shree Cement Reports Strong Q2 FY27 Performance
Shree Cement Limited has announced its financial results for the quarter and half year ended September 30, 2026, showcasing significant growth across key financial metrics. The company reported a consolidated revenue of ₹5,897 crore for the quarter, marking a substantial 24% increase compared to the same period last year.
Key Financial Highlights (Q2 FY27)
The company’s financial performance for the quarter ended September 30, 2026, reflects strong operational execution and market penetration. Key highlights include:
- Net Revenue from Operations: Increased to ₹5,897 crore, up from ₹4,761 crore in the corresponding quarter of the previous year.
- Operating Profit (EBITDA): Grew to ₹1,074 crore, a rise from ₹974 crore year-on-year.
- Profit After Tax: Recorded at ₹438 crore, compared to ₹310 crore in the prior year’s quarter.
- Cash Profit: Stood at ₹983 crore, an increase from ₹971 crore in Q2 FY26.
Operational Performance and Growth Drivers
The strong revenue growth was primarily attributed to a significant increase in sales volumes. Key operational highlights for the quarter include:
- Domestic Sale Volume: Grew by 18% year-on-year, reaching 9.31 million tonnes from 7.91 million tonnes.
- Consolidated Volumes: Also saw a notable increase of 14% YoY, from 9.23 million tonnes to 10.52 million tonnes.
- Premium Products: Sales of premium products in India operations jumped to 28.7% of total trade volume, up from 21.1% in the corresponding quarter of the previous year, indicating successful market strategies and brand strength.
Despite the overall positive performance, Consolidated Per ton EBITDA declined by 8% YoY, falling from ₹1,055 to ₹966, primarily due to elevated fuel prices.
Capacity Expansion and Sustainability Initiatives
Shree Cement continues to focus on expanding its capacity and enhancing its sustainability initiatives. The company’s step-down subsidiary in the UAE commissioned a new cement mill, increasing total production capacity to 7.0 million tonnes per annum. In India, a greenfield integrated plant in Meghalaya is expected by March 2028. Sustainability efforts include a high share of green electricity consumption (65.2%) and 100% wastewater recycling across all manufacturing locations, contributing to improved water positivity.
Ready-Mix Concrete Business Growth
The Ready-Mix Concrete (RMC) business demonstrated strong growth, with volumes increasing by 153% YoY to 2.73 lakh m³ and revenue growing by 182% YoY to ₹129 crore, driven by an expanding commercial network and operational efficiency.
Source: BSE
