Shree Cement Q3 Results: Profit jumps nearly 38% YoY; margin contracts

Shree Cement posted a strong bottom-line performance in the third quarter, with net profit rising 37.9% year-on-year to ₹266.7 crore, compared with ₹193.4 crore a year ago.

Revenue grew 5% YoY to ₹4,800 crore, aided by stable volumes and improving demand conditions.

Operating performance, however, was mixed. EBITDA declined 1.9% YoY to ₹946.8 crore, while margins narrowed to 19.7% from 21.1% in the same period last year.

The company recognised ₹55.99 crore towards additional employee benefit obligations

during the quarter under employee benefit expenses, linked to the implementation of new labour codes. Any further impact will be assessed once detailed rules are notified.

Ahead of the earnings announcement, shares of Shree Cement closed 0.46% higher at ₹27,350 on the NSE.

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For added context, Chairman H M Bangur had told CNBC-TV18 in December that the company remains committed to its full-year sales guidance of over 36 million tonnes, supported by improving demand after state elections and the festive season.

He reiterated Shree Cement’s focus on organic growth, ruling out acquisitions, and reaffirmed its long-term goal of reaching 80 million tonnes of capacity by 2029.