SHREE CEMENT LIMITED — Updates, 30-01-2025: Press Release

Shree Cement reported strong Q3 FY25 results, showcasing a remarkable 60% increase in EBITDA, attributed to effective cost and price management. The company generated revenues of ₹4,235 crore, while EBITDA reached ₹947 crore. Net revenue from operations fell 13% year-on-year, but demonstrated a 14% quarter-on-quarter growth. Total sales volumes surged 15% to 8.77 million tonnes compared to the previous quarter, facilitated by optimized power and fuel costs, reducing expenses from ₹1,001 crore to ₹913 crore.

Ongoing expansion projects across Rajasthan, Karnataka, Chhattisgarh, and Uttar Pradesh are nearing completion, with commissioning expected in FY25-26. The firm aims to exceed 80 MTPA capacity by 2028. Sustainability efforts are robust, highlighted by the 55.1% share of green electricity in overall consumption and significant use of agro and hazardous waste to reduce fossil fuel reliance. The board declared an interim dividend of ₹50 per share. Given the anticipated demand growth driven by rural consumption and infrastructure spending, the outlook for the cement industry remains positive.