Meanwhile, the revenue from operations stood at Rs 5,123.9 in the June quarter of FY25, up by 1.75% from Rs 5,035.6 crore reported in the year-ago period.
The company’s total expenses in the June quarter grew by 4.4% to Rs 4,618, up from Rs 4,422 in Q1FY24. In the previous quarter, the total expenses were reported at Rs 4,438 crore.
The earnings were announced during the market hours, and following the results, the company’s stock traded marginally lower at Rs 26,682, down by 0.2%.
The earnings before interest, taxes, depreciation and amortisation (EBITDA) reduced by 2% YoY from Rs 933 crore to Rs 916 crore.Neeraj Akhoury, Managing Director of Shree Cement said, “We continued to optimise our production processes, enhance cost efficiencies and maintain a strong focus on branding initiatives. These efforts enabled us to navigate the challenging market conditions marked by sluggish demand due to general elections and extreme weather, consistently delivering value to our stakeholders.”He added, “We will continue our focus on increasing our cement manufacturing capacity to gain market share. This, along with our consistent product quality, positions us well to capitalise on the anticipated rebound in cement demand driven by enhanced infrastructure allocation in the Union Budget, rising housing demand and expected growth in the rural sector.”During the quarter, the company commissioned its integrated cement unit in the Guntur district of Andhra Pradesh with cement production capacity of 3.0 million tonnes per annum (MTPA). Besides this, the company’s ongoing expansion projects in Jaitaran, Rajasthan (6.0 MTPA), Kodla, Karnataka (3.00 MTPA), Baloda Bazar, Chhattisgarh (3.40 MTPA), and Etah, Uttar Pradesh (3.00 MTPA) are progressing satisfactorily as per schedule.
The company is working on further expanding its capacities in different geographies to reach its target ahead of schedule, the company said in an exchange filing.
