Shree Cement Q2 FY27 Results: Consolidated Net Profit ₹263 Crore on Total Income of ₹6,009 Crore

Earnings
cement

Blacklitt Research23 October 20263 min read

A cement plant with grey silos and a processing building lit by floodlights at dusk, with bushes in the foreground. — Nnnjens, via Wikimedia Commons (CC0). Illustrative image.

Shree Cement (NSE: SHREECEM) reported consolidated total income of ₹6,008.98 crore and consolidated net profit of ₹263.46 crore for the quarter ended 30 Sep 2026, it said in a filing on 23 Oct 2026. Standalone total income was ₹5,213.15 crore and standalone net profit ₹205.33 crore for the same quarter.

Key highlights

Consolidated

Including its subsidiaries

Total income: ₹6,008.98 crore, up 21.6% YoY and down 6.8% QoQ
Net profit: ₹263.46 crore, down 15.0% YoY and 50.4% QoQ; ₹261.82 crore attributable to owners
EPS: ₹72.56 basic and diluted, against ₹85.50 a year earlier, not annualised
Finance costs: ₹58.67 crore, up 14.1% YoY

Standalone

The company on its own, without its subsidiaries

Total income: ₹5,213.15 crore, up 16.9% YoY and down 10.5% QoQ
Net profit: ₹205.33 crore, down 25.9% YoY and 53.1% QoQ
EPS: ₹56.91 basic and diluted, against ₹76.81 a year earlier, not annualised
Dividend paid: ₹252.77 crore in the six months to 30 Sep 2026, against ₹216.32 crore a year earlier

Summary

Consolidated ₹ crore
Particulars	Q2 FY27	Q2 FY26	YoY	Q1 FY27	QoQ
	6,008.98	4,939.99	+21.6%	6,444.84	-6.8%
Revenue from operations	5,896.51	4,761.07	+23.8%	6,233.13	-5.4%
Other income	112.47	178.92	-37.1%	211.71	-46.9%
	263.46	309.82	-15.0%	531.12	-50.4%
Profit before tax	367.24	433.62	-15.3%	741.09	-50.4%
Finance costs	58.67	51.40	+14.1%	56.86	+3.2%
Depreciation	702.83	667.86	+5.2%	685.96	+2.5%
Tax expense	103.78	123.80	-16.2%	209.97	-50.6%
Net profit margin	4.38%	6.27%	-1.89 pp	8.24%	-3.86 pp
EPS, basic (₹)	72.56	85.50	-15.1%	146.67	-50.5%

Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.

Total income grew faster than net profit on a year-on-year basis. Other income fell 37.1% to ₹112.47 crore, and it is 30.6% of profit before tax of ₹367.24 crore, compared with a much larger share in the year-earlier quarter.

Tax expense fell 16.2% to ₹103.78 crore, and it is 28.3% of profit before tax. The filing gives no reason for the fall in profit before tax of 15.3% against the year-earlier quarter, and the results statement does not break down the consolidated figures by subsidiary.

Finance costs rose 14.1% to ₹58.67 crore, which is 1.0% of total income. Depreciation rose 5.2% to ₹702.83 crore. Compared with the immediately preceding quarter, net profit fell 50.4%, close to the 50.4% fall in profit before tax, while total income fell 6.8%.

Standalone ₹ crore
Particulars	Q2 FY27	Q2 FY26	YoY	Q1 FY27	QoQ
	5,213.15	4,460.16	+16.9%	5,824.07	-10.5%
Revenue from operations	5,107.44	4,303.20	+18.7%	5,622.68	-9.2%
Other income	105.71	156.96	-32.7%	201.39	-47.5%
	205.33	277.14	-25.9%	437.99	-53.1%
Profit before tax	302.18	402.73	-25.0%	634.18	-52.4%
Finance costs	56.86	50.72	+12.1%	55.48	+2.5%
Depreciation	596.07	554.85	+7.4%	586.19	+1.7%
Tax expense	96.85	125.59	-22.9%	196.19	-50.6%
Net profit margin	3.94%	6.21%	-2.27 pp	7.52%	-3.58 pp
EPS, basic (₹)	56.91	76.81	-25.9%	121.39	-53.1%

Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.

Standalone revenue from operations rose 18.7% to ₹5,107.44 crore, while standalone net profit fell 25.9% to ₹205.33 crore. Standalone profit before tax fell 25.0% to ₹302.18 crore, so the fall in net profit was slightly larger than the fall in profit before tax.

Other income fell 32.7% to ₹105.71 crore and is 35.0% of standalone profit before tax. Tax expense fell 22.9% to ₹96.85 crore, equal to 32.1% of profit before tax. The filing does not explain the change in the effective tax rate in the quarter.

Standalone net profit is ₹58.13 crore lower than consolidated net profit for the quarter. The filing gives the two sets of results side by side and does not itemise the difference.

Inference

The results show a higher consolidated total income and a lower net profit than a year earlier, with other income falling and finance costs rising. The filing does not give a reason for the fall in profit before tax or for the fall in other income, and it does not say what the effect will be on future quarters.

Consolidated EPS of ₹72.56 is not annualised, and the filing states no dividend for the quarter, its amount or its record date. The six-month dividend paid of ₹252.77 crore is shown in the cash flow statement only.

Reference: Original filing (PDF)

Sign up to continue reading

Create a free account to read the rest of this article and the analysis that follows.

Disclaimer:

The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.

Shree Cement Q2 FY27 Results: Consolidated Net Profit ₹263 Crore on Total Income of ₹6,009 Crore

Key highlights

Consolidated

Standalone

Summary

Inference

Sign up to continue reading

Disclaimer:

Latest posts

DOMS Industries sets up wholly owned subsidiary DOMS Seven Private Limited

Natco Pharma allots 1,70,58,082 rights shares at ₹750 each

Acme Solar Holdings adds 17.91 MW of BESS capacity at Rajasthan project

Panache Digilife allots 1,60,300 shares on warrant conversion