Shree Cement reported a mixed financial performance for the third quarter, with strong year-on-year growth in net profit even as operating margins came under pressure due to a marginal decline in EBITDA.
For the quarter under review, Shree Cement’s net profit rose sharply by 37.9% YoY to ₹266.7 crore, compared with ₹193.4 crore in the same period last year. The sharp improvement in bottom-line performance highlights effective cost management and operational efficiencies, even as profitability at the operating level softened.
Revenue from operations increased by 5% YoY to ₹4,800 crore, up from ₹4,572 crore in the corresponding quarter of the previous year. The steady rise in revenue reflects stable demand conditions and improved sales volumes during the quarter.
However, EBITDA declined by 1.9% YoY to ₹946.8 crore, compared with ₹965.1 crore last year. As a result, EBITDA margin contracted to 19.7%, down from 21.1% on a year-on-year basis.
