Shree Cement announced its financial results for the quarter ended June 30, 2026. Net revenue saw a year-on-year increase of 13.7% to ₹5,623 crore. However, Profit After Tax (PAT) declined by 29.2% to ₹438 crore compared to the same quarter last year. The company highlighted strong volume growth in cement sales and its Ready-Mix Concrete business.
Shree Cement Announces Q1 FY27 Financial Results
Shree Cement Limited has announced its financial results for the first quarter of the Financial Year 2027, which ended on June 30, 2026. The company reported a consolidated Net Revenue from Operations of ₹5,623 crore, marking a significant increase of 13.7% compared to ₹4,948 crore in the corresponding quarter of the previous year (Q1 FY26).
Financial Performance Highlights
The financial highlights reveal a mixed performance. While revenue grew robustly, the Profit After Tax (PAT) saw a decline.
- Net Revenue from Operations: Increased by 13.7% year-on-year to ₹5,623 crore in Q1 FY27, up from ₹4,948 crore in Q1 FY26.
- Operating Profit (EBITDA): Was ₹1,074 crore for Q1 FY27, compared to ₹1,229 crore in Q1 FY26.
- Profit After Tax: Declined by 29.2% to ₹438 crore in Q1 FY27, from ₹619 crore in Q1 FY26.
- Cash Profit: Stood at ₹983 crore, a decrease from ₹1,161 crore in Q1 FY26.
Operational Performance
Operationally, the company reported strong growth in its core business:
- Cement sale volume grew by 17% year-on-year, reaching 10.23 million tonnes.
- Total sale volume (including clinker) also increased by 17.2% year-on-year to 10.49 million tonnes.
- The Ready-Mix Concrete (RMC) business showed substantial growth, with volumes increasing by 156% year-on-year to 2.36 lakh cubic meters. The company also commissioned 8 new RMC plants, expanding its network to 33 operational plants across 17 cities.
The company noted that the operating profit was impacted by higher fuel and raw material costs, partly due to the West Asia crisis. However, sales of premium products increased to 23.3% of total trade volume.
Capex and Sustainability Initiatives
The construction of the proposed greenfield integrated plant in Meghalaya is progressing satisfactorily and is expected to be completed by March 31, 2028. In sustainability, the company reported that its share of green electricity in total consumption was 65.2% in Q1 FY27. All manufacturing locations are Zero Liquid Discharge, with 100% wastewater treatment, recycling, and reuse.
Source: BSE
