Shree Cement Q1 Net Profit Rises 95% to ₹619 Crore

Shree Cement, India’s third largest cement group by capacity, today announced its financial results for the quarter ended on 30 June, 2025. The Company reported ₹4,948 Crore of revenue, up by 2%, ₹ 1,229 Crore of Operating profit (EBITDA), up by 34% and ₹ 619 Crore of net profit, up by 95%, reflecting a healthy performance over the corresponding quarter of previous year.

Financial Highlights (Standalone)

₹ in Crore

Operational highlights

·         Q1’FY26 net revenue marginally up by 2% from ₹ 4,835 Crore to ₹ 4,948 Crore

·         Total sale volume stood at 89.5 lakh tonnes

·         Operating Profit (EBITDA) jumped by 34% from ₹ 916 Crore to ₹ 1,229 Crore

·         Sale of premium products improved further to 17.7% of trade sale volume vs 15.6% in Q4’FY25

UAE business performance

The performance of the Company’s UAE operations have been consistently improving over last two years. During the quarter ended 30th June, 2025, the operations recorded revenue of AED 181.19 million representing growth of 19% YoY, while the operating profit (EBITDA) surged by 397% from AED 9.02 million to AED 44.86 million on YoY basis. Looking to the healthy demand environment, Union Cement Company (UCC) has recently announced its plan of increasing its cement capacity by 3.0 MTPA with an investment of AED 110 million.

Mr. Neeraj Akhoury, Managing Director, Shree Cement Ltd. said, “We are pleased to report a strong start to the financial year 2025–26, with robust performance in the first quarter reflecting the resilience of our business model and the dedication of our teams across the organisation. Our revenue and profitability have shown healthy year-on-year growth, driven our sustained focus on pricing, premiumisation, operational efficiencies, and disciplined cost management.

He further added “This quarter’s results reaffirm our strategic focus on innovation, sustainability, and customer-centricity. We continue to invest in green technologies, digital transformation, and capacity expansion to meet the evolving needs of our stakeholders. As we move forward, we remain committed to delivering long-term value while contributing meaningfully to India’s growth story.”

Capex Plans

The Company’s ongoing projects of integrated cement unit in Jaitaran, Rajasthan (3.0 MTPA) and Kodla, Karnataka (3.0 MTPA) are progressing as per schedule. Upon commissioning of the same, the Company’s total cement production capacity shall increase to 68.8 MTPA. The Company is continuously exploring various opportunities to increase its capacity to reach its goal of 80 MTPA by 2028.

Sustainability initiatives, awards and accreditations

In Q1 FY'26, the Company continued its efforts to improve its performance regarding its commitment to operational excellence and sustainable growth. Key highlights are:

• The Company’s share of green electricity in total electricity consumption stood at 65.65% in Q1’FY26 which is one of the highest in the Indian cement industry. The Company is consistently ramping up its green power generation capacity which stood at 586 MW at the end of Q1’FY26.

• The Company used 0.15 lakh tonnes of agro waste in its cement operations to conserve fossil fuel equivalent to producing 51 billion kCal and saving 0.20 lakh tonnes of CO2. As part of this agro waste consumption, the Company procured 2,877 tonnes of stubble during the quarter for its operations within the NCR region. The Company also consumed 0.53 lakh tonnes of hazardous waste during Q1’FY26, replacing the fossil fuel-based heat by 32 billion kCal. 
• All the Company’s manufacturing locations are Zero Liquid Discharge, treating, recycling, and reusing 100% of wastewater generated from our operations. These efforts have enabled the Company to improve its water positivity index to >8 times in FY24-25. With above normal monsoon expected this year, the Company aims to improve this further.
• The Quality Control Laboratory at the Raipur plant of the Company has been accredited by NABL under QCI. This global recognition ensures that the lab’s test results are now accepted internationally, equivalent to those from labs accredited by ILAC MRA partners.
• The Company has been recognized as the Most Sustainable Company in the Cement Sector at the prestigious Business Today India’s Most Sustainable Companies Awards 2025 by Shri Bhupender Yadav, Hon’ble Union Minister for Environment, Forest & Climate Change and Labour & Employment.
• The Company received the “State-Level Bhamashah Award 2025” from the Government of Rajasthan for its outstanding contribution to community education. Company’s plants at Ras, Beawar, and Nawalgarh were recognized, with Ras unit winning for the tenth consecutive year—a remarkable industry milestone.

Ready-Mix Concrete

The Company has been rapidly ramping up its RMC business footprints. The Company had 15 plants operating at the start of the year. Since then, it has already added 6 more plants till now, taking the total number to 21. The Company aims to take the tally to 50 plants by end of current financial year.

Cement market outlook

The Indian cement industry is projected to grow by 6–7% in FY26, driven by robust government capital expenditure, rising rural housing demand supported by healthy monsoons, increasing urbanization and accelerating industrial and infrastructure activity. Overall, the industry is poised for a stable and profitable phase ahead.