SHREE CEMENT LIMITED (SHREECEM) — Financial Results | 6 August 2026

Shree Cement reported consolidated volume of 114.5 MT in Q1 FY27, up 15% YoY, with operational EBITDA at INR 1,272 million and EBITDA per ton at INR 1,339. Realization rose to INR 4,919 per MT from INR 4,854 in the prior quarter, driven by volume growth and improved trade mix. Fuel costs averaged 1.95 INR/kcal, up from previous quarters due to Middle East supply constraints, though management expects stabilization if conditions remain stable. Regional growth was led by South (16.9 lakh tons) and North (20% growth), while East utilization remained flat due to coal quality issues. Capex guidance for FY27-28 stands at INR 1,500 crores, with INR 456 crores spent in Q1. The company emphasized consolidated results for the first time, targeting 10% industry-beating growth and improved RMC margins.