Shree Cement’s profit after tax fell 15% year over year in Q2 FY27, ended Sept. 30, 2026, even as revenue and sales volumes increased while EBITDA per tonne declined. The company’s unaudited consolidated results filed with Indian exchanges put profit at ₹263.46 crore, against ₹309.82 crore a year earlier. Revenue from operations rose 23.8% to ₹5,896.51 crore from ₹4,761.07 crore.
Combined power and fuel expenses reached ₹1,843.25 crore, up 55.7% from ₹1,184.06 crore in Q2 FY26. Shree Cement said elevated fuel prices were the primary reason EBITDA per tonne fell 8% to ₹966 from ₹1,055. Consolidated EBITDA rose 4% to ₹1,016 crore from ₹974 crore.
Consolidated sales volume grew 14% to 10.52 million tonnes from 9.23 million tonnes. Domestic cement and clinker sales volume increased 18% to 9.31 million tonnes from 7.91 million tonnes. In India, premium products accounted for 28.7% of trade volume, up from 21.1% a year earlier.
Managing Director Neeraj Akhoury said the premium-product share reflected “the strength of our brands and customer relationships.”
Company releases show year-over-year profit declines in Q4 FY26 and Q1 FY27 as well, making Q2 the third consecutive quarter with a lower profit after tax than a year earlier. The releases put profit at ₹528 crore in Q4 FY26, down from ₹575 crore, and ₹531 crore in Q1 FY27, down from ₹644 crore.
Shree Cement pointed to investment in transport links, housing and data centers as potential support for cement demand. It also said weak monsoon conditions could restrain rural demand.
The company said its UAE subsidiary commissioned a cement mill with annual capacity of 3 million tonnes in September, bringing the subsidiary’s total capacity to 7 million tonnes a year. A greenfield integrated plant in Meghalaya is expected to be commissioned by the quarter ending March 31, 2028, Shree Cement said.
