Shree Cement Ltd, the country’s third-largest cement group by capacity, on Friday reported a 15 per cent decline in consolidated net profit to ₹263.46 crore for the September quarter, mainly due to elevated fuel prices.
The company posted a net profit of ₹309.82 crore a year ago, according to a regulatory filing by Bangur family-promoted Shree Cement Ltd (SCL).
Its revenue from operations jumped 23.84 per cent to ₹5,896.51 crore in the September quarter of FY27. It was ₹4,761.07 crore in the corresponding quarter of the preceding fiscal.
During the quarter, SCL’s “Consolidated per-tonne EBITDA, however, declined by 8 per cent YoY from ₹1,055 to ₹966 primarily due to elevated fuel prices,” the company said in its earnings statement.
SCL’s total domestic sale volume (cement and clinker) grew by 18 per cent year-on-year, from 7.91 million tonne (MT) to 9.31 million tonne.
“Sales of premium products in India operations jumped to 28.7 per cent of total trade volume via-a-vis 21.1 per cent in the corresponding quarter of the previous year,” it said.
SCL’s total expenses shot up 25.2 per cent to ₹5,641.74 crore in the September quarter.
Shree Cement reported that green electricity accounted for 65.2 per cent of its total power consumption in the September quarter.
It currently has 667 MW of green power generation capacity, including its wholly owned Indian subsidiary, and is pursuing additional projects to further increase the share of green energy in its overall power consumption.
Besides cement, SCL’s ready-mix concrete (RMC) business continued to expand in the quarter, with sales volumes rising over twofold to 2.73 lakh cubic metres and revenue surging to ₹129 crore.
RMC business remained operationally EBITDA-positive, supported by strong performance from mature plants and the gradual ramp-up of newly commissioned facilities, reflecting improving scale and operating leverage.
Its total income, including Other Income, rose 21.63 per cent to ₹6,008.98 crore in the September quarter.
SCL’s total consolidated income in the first half (H1) of FY27 was ₹12,453.82 crore.
On the outlook, SCL said India’s economy remains supportive, driven by sustained infrastructure spending, urban development and stable macroeconomic conditions.
“While a weak monsoon could weigh on rural demand, continued investments in roads, railways, housing and data centres are expected to support cement demand,” it said.
Shares of Shree Cement Ltd on Friday were trading at ₹22,498.50 apiece in the afternoon trade, up 0.84 per cent from the previous close.
Published on October 23, 2026
