Shree Cement Ltd on Monday released its fiscal first quarter earnings report with consolidated profit skyrocketing by 130.67 per cent to Rs 642.66 crore, surpassing estimates. During the same period of previous financial year, the company had posted profit at Rs 278.61 crore. It recorded revenue from operations at Rs 5,280.88 crore, up 3.06 per cent as against Rs 5,123.96 crore reported during the first quarter of FY25.
On a standalone basis, Shree Cement had recorded Q1 profit at Rs 619 crore which was 95 per cent higher than previous year. Revenue for the period stood at Rs 4,948 crore.
According to a CNBC TV18 poll, Shree Cement was expected to post Q1 profit at Rs 523 crore and revenue was estimated at Rs 5,025 crore.
Shree Cement said that total sales during the period came in at 89.5 lakh tonnes. Meanwhile, sale of premium products improved further to 17.7 per cent of trade sale volume vs 15.6 per cent in Q4FY25.
Neeraj Akhoury, Managing Director, Shree Cement Ltd, said, “We are pleased to report a strong start to the financial year 2025–26, with robust performance in the first quarter reflecting the resilience of our business model and the dedication of our teams across the organisation. Our revenue and profitability have shown healthy year-on-year growth, driven our sustained focus on pricing, premiumisation, operational efficiencies, and disciplined cost management.”
Shree Cement Q1: Update on UAE business
Over the last two years, Shree Cement’s UAE operations have been consistently improving. During the quarter ended 30th June, 2025, the operations recorded revenue of AED 181.19 million, posting a growth of 19 per cent YoY, while the operating profit (EBITDA) surged by 397 per cent from AED 9.02 million to AED 44.86 million on YoY basis.
Considering the healthy demand environment, Union Cement Company (UCC) has announced its plan of increasing its cement capacity by 3.0 MTPA with an investment of AED 110 million.
Shree Cement Q1: Capex plans
Shree Cement said that the company’s ongoing projects of integrated cement unit in Jaitaran, Rajasthan (3.0 MTPA) and Kodla, Karnataka (3.0 MTPA) are progressing as per schedule.
Upon commissioning of the same, the total cement production capacity shall increase to 68.8 MTPA. The company is continuously exploring various opportunities to increase its capacity to reach its goal of 80 MTPA by 2028.
Shree Cement Q1: Update on ready-mix concrete
The company has been rapidly ramping up its RMC business footprints. Shree Cement had 15 plants operating at the start of the year. Since then, it has already added 6 more plants till now, taking the total number to 21. It aims to take the tally to 50 plants by the end of the current financial year.