Shree Cement Q2 Profit Drops 81 Margins Fall 319 bps

12 Nov 2024 CW Team

Shree Cement, a midcap cement company, released its quarterly results after market hours for the July quarter. The company's standalone profit for the reporting period sharply declined by 81 per cent, falling from Rs 4.90 billion in Q2FY24 to Rs 930.1 million. In the previous June quarter, the company's net profit had been Rs 3.17 billion.

The revenue for the cement manufacturer also dropped to Rs 37.30 billion, compared to Rs 45.60 billion in the same period last year.

The company’s profit and revenue to be Rs 41.63 billion, marking a 9 per cent decrease, while the profit after tax (PAT) was projected to sink by 84 per cent year-on-year, to Rs 780.4 million for the September quarter.

On the operational side, EBITDA was reported at Rs 5.90 billion, down from Rs 8.70 billion in the same quarter of the previous year. The EBITDA margin slipped by 3.18 per cent or 318 basis points to 15.9 per cent. Analysts had expected the margins to be around 16.1 per cent, down from 19.08 per cent in Q2FY24.

Analysts had anticipated a drag on the company’s earnings, influenced by a decline in both cement prices and revenue during the quarter.

There was also an expectation that new capacity expansion would drive volume growth during the review quarter.

Despite the challenging demand conditions, due to the prolonged monsoon and softer prices affecting the industry, the company’s focus on maintaining brand equity, product premiumisation, and improving its geo-mix helped maintain its realisations on a quarter-on-quarter basis. Additionally, cost optimisation and operational efficiency measures contributed to driving EBITDA during the quarter, according to the company’s press release.

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..