Shree Cement Ltd, India’s third largest cement group, has posted 21% increase in its standalone net profit for the December quarter at ₹279 crore over the corresponding period last year
Revenue from operations up by 4% to ₹4,416 crore. Total cement sale volume went up by 2%. Sales volumes were adversely impacted during the quarter due to loss of production on account of operations disruption at Chhattisgarh plant.
The Company is rapidly expanding its ready-mix concrete business with 25 operational plants at present. RMC sale volume jumped by 143% on YoY basis. The Company is increasing its RMC market reach across all key market.
Neeraj Akhoury, Managing Director, Shree Cement Ltd. said: “The quarter delivered a steady performance despite a benign demand environment. Our continued focus on operational excellence, disciplined cost management, and strengthening of our premium product portfolio enabled us to maintain resilience. Our premiumisation strategy continues to progress well, supported by efficiency enhancements across manufacturing and logistics. These initiatives, along with our ongoing sustainability and digital transformation efforts, position us strongly for long-term value creation.”
“With the government’s sustained emphasis on infrastructure development and a steady improvement in construction activities, we remain cautiously optimistic about demand in the coming quarters. We will continue to drive performance with a sharp focus on efficiency, product quality, and customer value,” he said.
During the quarter, the company commissioned cement line of 3 MTPA capacity of its integrated project plant at Jaitaran, Rajasthan. With this, the company’s installed cement production capacity in India (including its wholly owned subsidiaries) increased to 65.8 MTPA, strengthening its position as India’s third largest cement group.
The work on integrated project at Kodla, Karnataka of 3 MTPA cement capacity is nearly completed, and pre-commissioning activities are underway. We expect the commissioning of this plant to be achieved within this quarter, he said.