Dailymirror.news, January 31st, 2025: Shree Cement, India’s third-largest cement manufacturer by capacity, has announced its financial results for the quarter and nine months ending December 31, 2024. The company posted a revenue of ₹4,235 crore and an EBITDA of ₹947 crore for Q3 FY25.

Financial Highlights (Standalone)

(₹ in crore)

Particulars	Q3 FY25 (Dec 31, 2024)	Q3 FY24 (Dec 31, 2023)	Q2 FY25 (Sep 30, 2024)	YoY Change	QoQ Change
Net Revenue from Operations	4,235	4,873	3,727	-13%	14%
Operating Profit (EBITDA)	947	1,234	593	-23%	60%
Profit after Tax (PAT)	229	734	93	-69%	146%
Cash Profit	966	1,074	709	-10%	36%

• Strong Volume Growth: Total sales volume grew 15% QoQ from 7.60 million tonnes to 8.77 million tonnes.
• Cost Optimization: Power & fuel costs reduced by 9% to ₹913 crore (vs. ₹1,001 crore in Q2 FY25) due to lower fuel prices and operational efficiencies.
• EBITDA Boost: QoQ EBITDA surged 60% to ₹947 crore, driven by cost efficiencies.
• Lower Expenditure: Excluding depreciation and interest, total expenditure per tonne declined from ₹4,122 in Q2 FY25 to ₹3,748 in Q3 FY25.
• Premium Product Sales: Premium products accounted for 15.0% of total trade sales, slightly up from 14.9% in Q2 FY25.

Neeraj Akhoury, Managing Director of Shree Cement Ltd., stated:
“Our focus on premium, high-value products, brand enhancement, dealer network expansion, and optimized geo-mix has helped drive volume growth. Our efficiency measures and cost optimization strategies are evident in the significant reduction in production costs this quarter. Going forward, we remain committed to expanding our premium product portfolio while further optimizing costs.”

Shree Cement is nearing completion of major expansion projects, with commissioning expected in Q1 FY25-26:

• Jaitaran, Rajasthan – 6.0 MTPA
• Kodla, Karnataka – 3.00 MTPA
• Baloda Bazar, Chhattisgarh – 3.40 MTPA
• Etah, Uttar Pradesh – 3.00 MTPA

The company remains focused on its long-term goal of achieving an 80+ MTPA production capacity by 2028.

• Green Power Usage: 55.1% of total electricity consumption came from renewable sources, among the highest in the Indian cement sector. Green power generation capacity rose to 522 MW (up 9% from 480 MW at the start of FY25).
• Alternative Fuel Adoption:
  • 0.24 lakh tonnes of agro waste used in cement production, reducing 0.28 lakh tonnes of CO₂ emissions.
  • 1.04 lakh tonnes of hazardous waste consumed, replacing fossil fuel-based heat with 50.4 billion kCal of alternative energy.
  • 7,130 tonnes of stubble procured for use within NCR operations, supporting environmental sustainability.
• Zero Liquid Discharge: All manufacturing units recycle 100% of wastewater. The company aims to further improve its water positivity beyond the 7x level achieved in FY24.
• Municipal Solid Waste Utilization: A new state-of-the-art solid waste feeding system was commissioned, with plans to scale across other plants.

The Board of Directors declared an interim dividend of ₹50 per share (500%) for FY25.

Shree Cement expects continued demand growth, supported by:

• Higher rural consumption, driven by improved farm cash flows.
• Sustained demand for urban housing.
• Increased government infrastructure spending.

These factors indicate a positive outlook for the cement industry moving forward.