Shree Cement Q2 profit slips 19% to Rs 94cr, meets forecast

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26 Aug, 2025 12:21

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Moneycontrol Bureau

Shree Cement matched street expectations on Tuesday with the second quarter net profit falling 18.9 percent year-on-year to Rs 93.7 crore. Profit was impacted by higher costs of depreciation, freight and power & fuel but was supported by higher other income, revenue and tax gain.

Total income of the cement maker grew 17.2 percent to Rs 1,544.5 crore during October-December quarter from Rs 1,318 crore in same quarter last year.

The company follows July-June as its financial year.

Operating profit increased 12.9 percent year-on-year to Rs 306 crore but margin declined 70 basis points to 19.8 percent in the quarter gone by.

Power EBIT margin 1310 basis points on yearly basis to 25.6 percent and cement EBIT margin dropped 180 basis points to 1.4 percent in the second quarter of current financial year 2014-15.

The cement maker earned tax credit of Rs 1.5 crore during the quarter as against expenses of Rs 15.3 crore in same quarter last year. Other income doubled to Rs 20.13 crore from Rs 9.9 crore during the same period.

In Q3FY15, depreciation and amortisation expenses climbed 73.9 percent to Rs 201 crore, power & fuel cost increased 26.6 percent to Rs  395.4 crore and freight & forwarding expenses jumped 15.9 percent to Rs 325.7 crore on year-on-year basis.

At 13:57 hours IST, the scrip of Shree Cement was quoting at Rs 11,000, up Rs 110, or 1.01 percent on the BSE.