SHREE CEMENT LIMITED
Shree Cement is engaged in manufacturing and selling of cement and cement related products and is ** one of the lowest cost producersin the country. It is the3rd largest** cement producer in India with an installed capacity of 46.4 MTPA.
What SHREE files
- Others140
- Important127
- Updates40
- Investor Meet24
- Credit Ratings18
- Board Meeting16
Shree Cement received a 'Strong' ESG rating from CRISIL, with an overall score of 61, up 4 points. It also got a CRISIL Core ESG 66 rating and was recognized as a top performer in the cement sector, based on independent assessment.
Shree Cement reported strong Q1 volume growth: cement sales up 17% to 10.23 million tonnes. RMC business surged 156% to 2.36 lakh cubic meters, adding 8 new plants. Consolidated Profit after Tax declined to ₹531 Cr due to higher fuel/raw material costs. Meghalaya plant progressing.
Shree Cement reported strong Q1 volume growth: cement sales +17% & RMC +156%. Consolidated revenue hit ₹6,233 Cr. But operating profit was lower at ₹1,272 Cr due to higher fuel/raw material costs. Expansion in Meghalaya progresses, and green energy initiatives strengthen.
Shree Cement faces reinstated tax demands, interest, and penalties totaling approx Rs 66.72 Cr after an appeal dismissal for technical reasons. The company plans to contest this, citing no major financial impact.
Shree Cement received an income tax demand of Rs 153.47 Cr for disallowances. This will be adjusted against pending refunds. The company is appealing and expects the demand to subside, anticipating no material financial or operational impact.