Shree Cement announced its Q3 FY26 results, reporting an increase in net revenue and Profit After Tax (PAT). Net revenue from operations rose by 4% to ₹4,416 crore, while PAT increased by 21% to ₹279 crore. The company’s performance was driven by its premiumization strategy and focus on operational efficiency, despite a benign demand environment. The company’s RMC business also saw significant growth, with sales volumes jumping by 143%.
Financial Performance
Shree Cement reported a 4% increase in Net Revenue from Operations, reaching ₹4,416 crore for Q3 FY26, compared to ₹4,235 crore in the same quarter last year. Operating Profit (EBITDA) stood at ₹917 crore. Profit after Tax (PAT) saw a significant increase of 21%, reaching ₹279 crore.
Operational Highlights
The total cement sales volume increased by 2%. Sales of premium products also saw a jump to 22% of total trade volume.
Ready-Mix Concrete (RMC) Business Expansion
The company’s Ready-Mix Concrete (RMC) business is rapidly expanding, now operating with 25 plants. RMC sales volume increased by 143% year-on-year.
Capex and Production Capacity
During the quarter, Shree Cement commissioned a cement line with a capacity of 3.00 MTPA at its integrated project plant in Jaitaran, Rajasthan. With this addition, the company’s installed cement production capacity in India increased to 65.8 MTPA. The integrated project at Kodla, Karnataka, with a cement capacity of 3.0 MTPA, is nearing completion.
Sustainability Performance
The company’s share of green electricity in total electricity consumption was 60% in Q3 FY26. Shree Cement is consistently increasing its green power generation capacity, which stood at 634.5 MW at the end of the nine months. All manufacturing locations are Zero Liquid Discharge, treating and reusing 100% of wastewater. The Company achieved a Dow Jones Sustainability Index (DJSI) Corporate Sustainability Assessment (CSA) score of 74 for 2025.
Credit Rating
CareEdge Global has assigned a long-term Foreign Currency Issuer rating of ‘CareEdge BBB+’ with a stable outlook to the Company.
Market Outlook
India’s economic outlook remains resilient, and the Union Budget 2026-27 has further strengthened growth prospects by raising public capital expenditure. The cement sector is well positioned for healthy demand growth.
Source: BSE
