+
Shree Cement incurs Rs 6.62 billion profit for Q4; beats expectations
Cement

Shree Cement incurs Rs 6.62 billion profit for Q4; beats expectations

Shree Cement, India's third-largest cement manufacturer by market capitalisation announced a fourth-quarter profit that exceeded, attributing it to increased volumes driven by lower cement prices. Typically, cement companies witness a surge in volumes in the March quarter as they reduce prices to clear year-end inventory backlogs.

Analysts had anticipated that reduced fuel costs would partially offset the decline in prices. Shree Cement's profit for the quarter ending March 31 reached Rs 6.62 billion, surpassing street forecasts of Rs 6.20 billion, as per LSEG data. This marked a significant increase from the Rs 5.46 billion profit reported a year earlier.

The company experienced an 8% growth in total sales volumes to 9.53 million tonnes during the quarter, leading to a 6.6% increase in revenue to Rs 51.01 billion. Similarly, peers such as UltraTech Cement, ACC, and Dalmia Bharat also reported better-than-expected quarterly profits, buoyed by volume expansion. Shree Cement proposed a final dividend of Rs 55 per share.

Despite this positive performance, Shree Cement's shares have declined by approximately 9.17% year-to-date, contrasting with a 15.23% increase in the Nifty infrastructure index. The on-going general elections in India are anticipated to dampen cement demand in the first quarter of the fiscal year as infrastructure and real estate firms reduce construction activity.

(Source: ET infra)

Shree Cement, India's third-largest cement manufacturer by market capitalisation announced a fourth-quarter profit that exceeded, attributing it to increased volumes driven by lower cement prices. Typically, cement companies witness a surge in volumes in the March quarter as they reduce prices to clear year-end inventory backlogs. Analysts had anticipated that reduced fuel costs would partially offset the decline in prices. Shree Cement's profit for the quarter ending March 31 reached Rs 6.62 billion, surpassing street forecasts of Rs 6.20 billion, as per LSEG data. This marked a significant increase from the Rs 5.46 billion profit reported a year earlier. The company experienced an 8% growth in total sales volumes to 9.53 million tonnes during the quarter, leading to a 6.6% increase in revenue to Rs 51.01 billion. Similarly, peers such as UltraTech Cement, ACC, and Dalmia Bharat also reported better-than-expected quarterly profits, buoyed by volume expansion. Shree Cement proposed a final dividend of Rs 55 per share. Despite this positive performance, Shree Cement's shares have declined by approximately 9.17% year-to-date, contrasting with a 15.23% increase in the Nifty infrastructure index. The on-going general elections in India are anticipated to dampen cement demand in the first quarter of the fiscal year as infrastructure and real estate firms reduce construction activity. (Source: ET infra)

Next Story
Infrastructure Transport

CONCOR, Dubai’s RHS Partner for Global Logistics Push

 Container Corporation of India Ltd (CONCOR) has entered into a strategic partnership with Dubai-based Rais Hassan Saadi Group (RHS) to explore joint opportunities in the overseas shipping and logistics sector. The collaboration was formalised through a Memorandum of Understanding (MoU) signed on 14 July 2025, aimed at providing integrated, cost-effective end-to-end logistics solutions with a focus on enhancing international multimodal connectivity.The agreement aligns CONCOR’s extensive expertise in inland logistics, terminal operations, and supply chain management with RHS Group’s es..

Next Story
Infrastructure Urban

AM/NS Commissions Galvanising Line at Hazira Plant

ArcelorMittal Nippon Steel (AM/NS) India has commissioned a new Continuous Galvanising Line (CGL) at its Hazira facility to produce advanced high-strength steel for the automotive sector. The new unit raises the company's downstream steel capacity by 0.5 million tonnes per annum (MTPA) to 3.3 MTPA, with plans to reach 5 MTPA by year-end through two more lines.The company had committed an investment of Rs 85 billion in five galvanising lines at Hazira, of which around 85 per cent has already been utilised.AM/NS India stated that its new high-strength galvanised steel will replace imports, with ..

Next Story
Infrastructure Urban

MCD Clears Rs 11.5 Billion Projects Including Puzzle Parking

After a gap of over two years, the newly reinstated Standing Committee of the Municipal Corporation of Delhi (MCD) has approved a range of civic and infrastructure projects worth approximately Rs 11.5 billion. Among the key decisions is the construction of a multi-level puzzle parking facility at Bharat Darshan Park in west Delhi, costing Rs 316 million, which will accommodate 188 vehicles. The project will be executed within 12 months and includes 10 years of operation and maintenance by the implementing agency.Standing Committee Chairman Satya Sharma stated the parking, equipped with advance..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?