India's Shree Cement hits more-than 4-yr high as core profit, revenue beat estimates

Shree Cement

15/05/2025 05:41

** Shares of Shree Cement SHCM gain 3.5% to a more-than 4-yr high of 31,685 rupees

** Co reported fourth-quarter revenue ahead of estimates as sales volumes hit a record 9.84 million tonnes

** EBITDA or core profit stood at 13.81 billion rupees vs estimate of 13.45 billion rupees, per data compiled by LSEG

** Goldman Sachs (GS) said co's volume growth, premiumization strategy are upsides to its estimates on SHCM; raises TP to 30,380 rupees from 29,475 rupees, retains "neutral" rating

** Analysts at Morgan Stanley said a key positive to Q4 results was an improved share of premium products (at ~15.5% in Q4 vs ~15% in Q3)

** SHCM targets 80 million metric tonnes capacity by FY28; analysts at Nuvama said the plan would help co deliver sustained volume growth, lifts TP to 30,807 rupees from 27,715 rupees, keeps "hold"

** Stock up 23% YTD

 (Reporting by Manvi Pant in Bengaluru)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))