| Revenue growth | Volumes grew 18%, but realizations improved by only 1% YoY. |
|---|---|
| Margins | Consolidated EBITDA declined 4% due to higher fuel costs. |
| Demand visibility | Supportive infrastructure demand despite a weak monsoon slowing rural growth. |
| Management confidence | Confident, focusing on operational efficiency and premium brand performance. |
Growth
Volume-led growth of 18% YoY to 9.31 million tons despite realization being nearly flat at 1% growth.
Outlook
Targets 40-41 million tons volume and reaches 80 million tons capacity in the short term.
Risks
EBITDA per ton contraction to ₹966 and high dependence on imported coal prices remain primary headwinds.
Last quarter's promises, checked
Delivered
- Q2 vol 9-9.5 Mt → 9.31 Mt (= BEAT)
- ~10% growth target → +18% YoY (= BEAT)
- Approvals in place → delays resolved (= BEAT)
Partly delivered
- FY27 40 Mt → HY1 implied ~19.8 Mt, year open (= PARTIAL)
- Meghalaya Q4 FY28 → reaffirmed, not yet due (= PARTIAL)
Missed
- Healthier Q2+ profit → EBITDA -4%, EBITDA/t 1,111→966 (= MISS)
- Fuel peak ~₹1.95/kcal → fuel costs cut EBITDA (= MISS)
- Close ₹10-12/bag realization gap → +1% YoY, stagnant (= MISS)
Earnings Call Transcript filed with NSE, NSE: SHREECEM. Summary written with AI assistance from the document.
Shree Cements Ltd: key numbers
- Share price
- ₹23,020.00
- Market cap
- ₹83,058 Cr
- Revenue (annual)
- ₹20,943 Cr
- Net profit (annual)
- ₹1,744 Cr
- P/E (TTM)
- 52.5×Sector 31.3×
- Promoter holding
- 62.55%+0.00% QoQ
- FII holding
- 8.45%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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- Key figure
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