Shree Cement Net Profit Falls 15% as Fuel Costs Climb
Shree Cement's consolidated net profit fell over 15% year on year in the September quarter as fuel costs rose, despite higher sales volumes. Moody's reported.
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what happened
According to Moody's, Shree Cement's consolidated net profit dropped by more than 15% year on year in the September quarter, to 263 crore rupees. It was the third straight quarter in which the company's profit declined annually.
Sales volumes rose 14% year on year to 10.52 million tonnes, and revenue from operations climbed 24% to 5,897 crore rupees. Consolidated EBITDA increased to 1,016 crore rupees from 974 crore a year earlier.
EBITDA per tonne, however, fell 8% year on year to 966 rupees from 1,055, mainly because of elevated fuel costs. Consolidated power and fuel expenses jumped nearly 56% to 1,843.2 crore rupees.
why it matters
The results show that the country's third-largest cement producer by capacity can grow sales and revenue yet still lose profit when energy-intensive production gets more expensive faster than prices. For investors in the cement sector, fuel costs remain the key pressure on margins.
market impact
Indian cement sector: higher fuel costs squeeze Shree Cement's margins
tags
instruments
sources
- Shree Cement Net Falls 15% on Higher Fuel Costs — Moody's, 24 October 2026 at 04:14 UTC
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