Shree Cement Q2 Profit Drops 26% Despite Strong Revenue Growth

Key Facts

1Shree Cement's consolidated net profit fell 26% year-on-year to Rs 205.3 crore for the second quarter.

2Revenue from operations rose 18.7% to Rs 5,107.4 crore, exceeding market expectations.

3The EBITDA margin contracted to 16.6% from 19.8% in the previous year.

Shree Cement's consolidated net profit fell 26% year-on-year to Rs 205.3 crore for the second quarter. Business Upturn reported that revenue from operations rose 18.7% to Rs 5,107.4 crore, exceeding market expectations for the period.

The EBITDA margin contracted to 16.6% from 19.8% in the previous year. This decline in profitability occurred despite strong sales growth, pointing to increased operating costs as EBITDA remained largely flat at Rs 849.4 crore.