Shree Cement Q1 results: Net profit falls 51% YoY to ₹278 crore; stock fall 2.7%

Shree Cement informed the exchanges about its financial results for Q1FY25 on August 6. The company’s net profit for Q1FY25 fell over 51% YoY to ₹278.45 crore compared to ₹571.94 crore in the year-ago period. The company’s net profit fell 59% on quarter-on-quarter basis from ₹675.75 crore in Q4FY24.

Shree Cement’s revenue from operations for the June quarter of FY25 grew over 2% to ₹5,123.96 crore from ₹5,035.65 crore in the corresponding period of the previous fiscal. Sequentially, the company’s revenue from operations fell more than 5% from ₹5,401.02 crore in Q4FY24.

The company’s Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) fell by 2% to ₹916 crore in Q1FY25 from ₹933 crore a year ago.

The total sales volume of Shree Cement increased by 8% to 9.64 million tonnes from 8.92 million tonnes in Q1FY24. The sale of premium products comprised 7.6% of the total trade sale volume in Q1FY25.

In Q1FY25, Shree Cement commissioned an integrated cement unit in the Guntur district of Andhra Pradesh with a cement production capacity of 3.0 Million Tonnes Per Annum (MTPA).

The company also added that its ongoing expansion projects in Jaitaran, Rajasthan (6.0 MTPA), Kodla, Karnataka (3.00 MTPA), Baloda Bazar, Chhattisgarh (3.40 MTPA), and Etah, Uttar Pradesh (3.00 MTPA) are progressing as per schedule.

Shares of Shree Cement have traded with a downward trend in the past six months. In six months, the stock has fallen by 9.06% and in a month the stock has pared 4.74%. Shree Cement’s shares closed the session 2.74% lower at ₹26,100 a piece on NSE.