Shree Cement profit falls 15% YoY to Rs 263 crore on higher fuel costs

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The country’s third-largest cement producer by capacity recorded a 14% year-on-year increase in sales volume to 10.52 million tonnes during the quarter, while revenue from operations rose 24% to Rs 5,897 crore.
Consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) rose to Rs 1,016 crore from Rs 974 crore a year earlier. However, EBITDA per tonne of cement fell 8% year-on-year to Rs 966 from Rs 1,055, primarily due to elevated fuel costs.
Consolidated power and fuel costs rose nearly 56% on year to Rs 1,843.25 crore.
Premium products accounted for 28.7% of the company’s trade volumes in India, up from 21.1% in the year-ago period.
“Our continued focus on premiumisation is reflected in premium products contributing 29% of trade volumes, underscoring the strength of our brands and customer relationships,” managing director Neeraj Akhoury said. “Backed by initiatives to gain market share and a disciplined approach to cost and efficiency enhancement, we are well-positioned to deliver sustainable and profitable growth in the quarters ahead.”
While a weak monsoon could weigh on rural demand, continued investments in roads, railways, housing and data centres are expected to support cement demand, the company said in a statement.
Shree Cement shares closed at Rs 22,760 on the BSE on Friday, up 2% from the previous close. The company reported its earnings during market hours.
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document fetched 2026-10-24 15:23