Shree Cement Q2 profit nearly triples to ₹277 crore on strong revenue, premium product growth

Leading cement manufacturer Shree Cement Ltd on Tuesday (October 28) reported a net profit of ₹277 crore for the second quarter, nearly three times the ₹93 crore posted in the same period last year. The figure, however, fell short of CNBC-TV18’s poll estimate of ₹349 crore.

Revenue for the quarter stood at ₹4,303 crore, a growth of 15.5% from ₹3,727 crore in the corresponding quarter last year, and was marginally higher than the CNBC-TV18 poll estimate of ₹4,263 crore. The growth was driven by higher volumes, a focus on premiumisation, and the company’s continued emphasis on a value-over-volume strategy.

EBITDA for the quarter was ₹851.8 crore, compared to ₹593 crore a year earlier, marking a 43.5% increase year-on-year. The figure, however, was below the CNBC-TV18 estimate of ₹938 crore.

Also Read: Shree Cement focuses on pricing to drive FY26 growth

The company’s operating margin improved to 19.8% from 15.9% in the same quarter last year, but remained below the CNBC-TV18 poll estimate of 22%. Operating profit (EBITDA) stood at ₹851 crore, up 44% year-on-year, supported by operational efficiencies and strategic cost management initiatives.

On a standalone basis, total cement sales volume increased by 6.8% compared to the same period last year. Sales of premium products rose sharply, accounting for 21.1% of total trade volume, up from 14.9% in the corresponding previous quarter.

In its United Arab Emirates operations, the company recorded revenue of AED 231.80 million during the quarter ended September 30, 2025, registering a 50% year-on-year growth. Operational EBITDA rose from AED 20.34 million to AED 52.53 million, an increase of 158% over the same period last year. Total sales volume in the UAE also climbed from 9.87 lakh tonnes to 13.19 lakh tonnes, reflecting a 34% rise.

Also Read: Shree Cements sees demand growth accelerating to 6-6.5% from GST reform, plans organic expansion

During the quarter, Shree Cement commissioned a clinkerisation line of 3.65 MTPA capacity at its integrated project in Jaitaran, Rajasthan. The cement mill of 3.0 MTPA at the same site is expected to be commissioned shortly.

The company also reported that work on its integrated project at Kodla, Karnataka, with a cement capacity of 3.0 MTPA, is in the final stages of completion. Shree Cement continues to explore expansion opportunities as it moves toward its goal of achieving over 80 MTPA of total cement capacity.

The company’s share of green electricity in total consumption stood at 63.15% in H1 FY26 on a standalone basis—one of the highest in the Indian cement industry. Its green power generation capacity stood at 592.4 MW at the end of H1 FY26.

Also Read: Shree Cements shares get their second-highest price target on volume growth hopes

Strengthening this portfolio further, Shree Cement commissioned a 20 MW solar power plant at Chitrakoot, Uttar Pradesh, under its wholly owned subsidiary, Shree Cement East Pvt. Ltd. With this addition, the group’s total green power generation capacity in India now stands at 612.5 MW.

Shares of Shree Cement Ltd ended at ₹28,534.50, down by ₹66.90, or 0.23%, on the BSE.