Shree Cement Hits 52-Week High on Strong Q4 Performance
Shree Cement's share price surged over 3% to reach a new 52-week high of ₹31,702.00 following the announcement of its Q4FY25 results. The significant stock price increase suggests the company's financial performance likely exceeded market expectations. This milestone reflects strong investor confidence and potentially robust financial health for the leading Indian cement manufacturer. The surge may have broader implications for the cement sector and construction industry in India.
14May 25
Shree Cement Anticipates Robust Growth in Cement Industry for FY26
Shree Cement forecasts strong growth in the Indian cement industry, with demand expected to increase by 6.50% to 7.50% by fiscal year 2026. The company identifies three key drivers: ongoing infrastructure projects, rural recovery, and sustained real estate momentum. This outlook suggests a favorable environment for cement manufacturers in the coming years, potentially indicating broader economic optimism.
Shree Cement's Q4 results show a 16% YoY decline in net profit to ₹556 crore, beating market expectations. Revenue grew 3% to ₹5,240 crore, with record quarterly cement and clinker sales of 9.84 million tonnes. EBITDA increased 4.1% to ₹1,381 crore with margin expansion. The company declared a ₹60 per share dividend and reported an increased cement production capacity of 62.80 MTPA.
28Mar 25
Shree Cement Boosts Clinker Production Capacity at Nawalgarh Plant
Shree Cement Limited has increased its clinker production capacity at its Nawalgarh plant in Rajasthan from 3.80 MTPA to 4.50 MTPA. The expansion was achieved through investments in balancing mining equipment and other assets. This strategic move aims to meet growing cement demand and strengthen the company's market position. The capacity enhancement is expected to increase production, improve efficiency, boost market competitiveness, and potentially impact the local economy in Rajasthan.
25Mar 25
Shree Cement Witnesses Substantial Block Trade on NSE
Shree Cement Ltd. experienced a significant block trade on the National Stock Exchange (NSE). The transaction involved 35,199 shares at Rs. 29,830.00 per share, totaling Rs. 105.00 crores. This large-scale trade has drawn market attention, potentially indicating substantial investor or institutional activity in the prominent Indian cement manufacturer.
24Feb 25
Shree Cement Faces ₹41.10 Crore GST Demand in Bihar, Plans to Appeal
Shree Cement Limited has received a GST demand order of ₹41.10 crore from Bihar tax authorities, citing valuation issues and excess Input Tax Credit. The order includes ₹23.56 crore in tax demand, ₹15.19 crore in interest, and ₹2.36 crore in penalties. The company disagrees with the order and plans to file an appeal by May 23, 2025. Shree Cement states that this demand will have no major financial impact on the company.