Business · Companies · 10 hrs ago
Shree Cement profit falls 15% as fuel costs rise
Shree Cement’s profit fell about 15% in the September quarter, to roughly ₹262 crore.
The Kolkata-based company is India’s third-largest cement maker.
Its sales volumes rose 14% to 10.52 million tonnes, and revenue increased 24% to about ₹5,897 crore.
But power and fuel costs rose 56%, squeezing profit even as sales grew.
Premium products made up 28.7% of trade volumes in India, up from 21.1% a year earlier, as the company seeks to sell more higher-value cement.
Road, rail, housing and data-centre investment is expected to support demand, although a weak monsoon could slow rural sales.
Shree Cement expects industry demand to grow 7% to 10%, and its Meghalaya plant is expected to start operating in the March quarter.
Shree Cement reported a 15% year-on-year fall in consolidated net profit for the September quarter, with higher fuel and power costs weighing on earnings.
Mint reported profit of ₹261.82 crore, while the Economic Times reported ₹263 crore.
Revenue from operations rose 24% to about ₹5,897 crore, and total sales volumes increased 14% to 10.52 million tonnes.
Power and fuel costs climbed nearly 56% year-on-year to ₹1,843.25 crore.
Premium products made up 28.7% of trade volumes in India, up from 21.1% a year earlier.
- Who
- Shree Cement, India’s third-largest cement maker by capacity.
- What
- It reported a roughly 15% year-on-year fall in September-quarter consolidated net profit, despite higher revenue and sales volumes.
- When
- The September quarter; the results were reported on Friday, 23 October 2026.
- Where
- The company is based in Kolkata, India.
- Why
- Higher fuel and power costs weighed on profit.
This story does not have two clearly opposing sides.
Union Cement Co., Shree Cement’s step-down subsidiary in the UAE, commissioned a cement mill with annual capacity of 3 million tonnes.
Shree Cement recorded a 14% year-on-year increase in total sales volumes to 10.52 million tonnes.
Shree Cement reported its September-quarter results.
- Net profit
- Mint reported ₹261.82 crore, down 15% year-on-year; Economic Times reported ₹263 crore.
- Revenue from operations
- ₹5,896.51 crore, up 24% year-on-year.
- Power and fuel costs
- ₹1,843.25 crore, up nearly 56% year-on-year.
- Total sales volumes
- 10.52 million tonnes, up 14% year-on-year.
- Indian trade volumes from premium products
- 28.7%, compared with 21.1% a year earlier.
2 sources
What people are saying
Infrastructure, investment, urbanization and stable macroeconomic conditions are all helping. A weak monsoon may hold back rural demand for some time, but spending on road, railways, housing and data centres continues, and that will keep India cement demand moving in a positive direction,
Our continued focus on premiumisation is reflected in premium products contributing 29% of trade volumes, underscoring the strength of our brands and customer relationships,