Shree Cement Q2 Profit Soars 198% YoY to Rs 277 Crore; Declares Rs 80 Interim Dividend

Shree Cement Ltd has reported a remarkable performance for the second quarter of the financial year 2026, posting a standalone net profit of Rs 277 crore, reflecting a 198% year-on-year (YoY) surge from Rs 93 crore in the corresponding quarter last year. The strong earnings underscore the company’s operational efficiency, premiumisation drive, and focus on value-driven growth despite a challenging industry environment.

The company’s revenue from operations increased 15% YoY to Rs 4,303 crore during the July–September quarter, compared to Rs 3,727 crore in the same period last year. This growth was primarily driven by higher cement volumes, an enhanced product mix, and the company’s ongoing push toward premium offerings.

Shree Cement’s EBITDA also recorded a healthy 31% YoY rise, reaching Rs 1,008 crore, supported by strong pricing discipline and cost management. Meanwhile, total expenses stood at Rs 4,057 crore, up a modest 5% YoY, indicating efficient cost control measures across operations.

In line with its robust financial results, the board of Shree Cement announced an interim dividend of Rs 80 per equity share for FY26. The record date for determining eligible shareholders has been fixed for November 3, and the dividend payment is scheduled for November 14.

Commenting on the results, Neeraj Akhoury, Managing Director of Shree Cement, said, “Our Q2 results underscore the resilience of our business and the agility of our teams in navigating a dynamic environment. We remain committed to enhancing shareholder value through disciplined execution and innovation.”

He further added that the government’s policy measures, including GST rate rationalization and stable inflation, are expected to boost construction activity and strengthen industry sentiment.

With a strong operational base and demand recovery in the infrastructure and housing sectors, Shree Cement is well-positioned to sustain growth momentum in the coming quarters.