India's Shree Cement's quarterly profit falls as costs outweigh volume growth

Shree Cement

06/05/2026 13:11

May 6 - India's Shree Cement SHCM.NS reported a 4.3% fall in fourth-quarter profit on Wednesday as higher costs linked to the Middle East conflict outweighed an increase in volumes.

Here are some details:

Net profit fell to 5.32 billion rupees ($56.2 million) for the quarter ended March 31 from 5.56 billion rupees a year earlier.

Revenue from operations rose 7.7% to 56.43 billion rupees.

Total expenses rose 9.4% to 50.85 billion rupees.

Indian cement makers face earnings risks due to higher energy costs stemming from the U.S.-Iran war, Jefferies had warned earlier, noting that such pressures have been historically difficult to pass on.

Demand increased 6%-7% year-on-year from January to March, HDFC Securities said.

Shree Cement's total sales volumes grew 11% year-on-year to 10.56 million tonnes.

"Geo-political conflict in West Asia and forecast of moderate monsoon conditions may act as headwinds for the sectors and impact its growth momentum in short term," the company said.

Bigger rival UltraTech Cement ULTC.NS reported a 12% rise in quarterly revenue last week, with the CFO warning that the war could weigh on July-September earnings if tensions persist.

($1 = 94.6100 Indian rupees)

 (Reporting by Abhinav Parmar in Bengaluru; Editing by Sonia Cheema)

 ((Abhinav.Parmar@thomsonreuters.com;))