SHREE CEMENT LIMITED Earnings Summary — Q4 FY2026
Shree Cement Reports Robust Q4 Performance with 27% Revenue Growth and Net Profit Surge
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue has increased for 4 consecutive quarters.
- Revenue of ₹6,233 Cr is 18.0% higher year-on-year.
- Revenue has compounded at 6.6% annualised over the last 10 quarters.
- Revenue is at its highest level in 10 quarters.
- Net profit of ₹529 Cr is 17.7% below the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at -10.2% annualised across the period.
- Operating margin stands at 20.4% in Q1 FY2027.
- Operating margin compressed by 482 bps year-on-year.
- Over the last two years operating margin has expanded by 232 bps.
- PBT margin is 11.9%.
- Expenses grew 25.6% against revenue growth of 18.0%.
- Operating profit of ₹1,272 Cr is 4.5% lower year-on-year.
- Operating leverage has been under pressure recently.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 54/100 (Moderate) on the latest 10 quarters.
- Business momentum has softened and warrants monitoring.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Stable | 6,233 | 6,101 | 4,801 | 4,761 | 5,281 | 5,532 | 4,573 | 4,054 | 5,124 | 5,401 |
| Expenses | Improving | 4,961 | 4,717 | 3,853 | 3,787 | 3,948 | 4,103 | 3,608 | 3,441 | 4,197 | 3,979 |
| Operating Profit | Improving | 1,272 | 1,384 | 947 | 974 | 1,333 | 1,429 | 965 | 613 | 927 | 1,422 |
| Operating Margin | Stable | 20.4% | 22.7% | 19.7% | 20.5% | 25.2% | 25.8% | 21.1% | 15.1% | 18.1% | 26.3% |
| Other Income | Volatile | 212 | 101 | 146 | 179 | 235 | 158 | 111 | 181 | 139 | 150 |
| Interest | Stable | 57 | 56 | 59 | 51 | 46 | 41 | 52 | 56 | 56 | 62 |
| Depreciation | Stable | 686 | 762 | 710 | 668 | 654 | 788 | 799 | 716 | 704 | 702 |
| Profit Before Tax | Volatile | 741 | 667 | 324 | 434 | 868 | 758 | 225 | 23 | 306 | 807 |
| Tax | Volatile | 210 | 139 | 56 | 124 | 225 | 183 | 31 | -53 | 27 | 131 |
| Net Profit | Volatile | 529 | 526 | 267 | 309 | 643 | 574 | 193 | 76 | 279 | 675 |
| Net Margin | Volatile | 8.5% | 8.6% | 5.6% | 6.5% | 12.2% | 10.4% | 4.2% | 1.9% | 5.4% | 12.5% |
Key Takeaways
- Revenue for Q4 FY2026 hit a record 6,101 Cr, representing a 27% sequential growth over Dec 2025.
- Net Profit rebounded sharply to 528 Cr from 268 Cr in the previous quarter, though stayed below the 575 Cr achieved in the prior year's same quarter.
- Operating Profit Margin (OPM) improved to 23% in the latest quarter from 20% in Q3, signals better cost absorption.
- Depreciation costs remain high at 762 Cr for the quarter, reflecting the company's aggressive capacity expansion phase.
- The balance sheet remains robust with a very low debt-to-equity ratio despite total borrowings increasing to 1,868 Cr.
- The company continues its pivot toward premiumization through the 'Bangur' brand to combat volatile fuel costs.
- Full-year FY2026 sales reached 20,943 Cr, maintaining the scale as India's third-largest cement producer.
Management Guidance
Management is focused on a long-term goal of reaching 80 MTPA capacity, shifting strategy from purely low-cost production to high-realization premium branding.
Sentiment Shift
Improving
A strong sequential recovery in both margins and net profit suggests the company is effectively managing industry-wide cost pressures better than in mid-FY25.
Outlook
The outlook remains constructive driven by the 80 MTPA capacity target and high promoter alignment. While industry competition remains stiff, Shree Cement's strong liquidity and premiumization efforts provide a cushion against cyclical downturns.
From the Annual Report (Key Quotes)
“Company is pivoting toward premiumization through its Bangur brand.”
“Recognized as a cost leader due to its efficient power plants and logistic strategies.”
“Focus is now shifting from being just a low-cost player to a high-realization brand.”
Official Quarterly Documents
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This summary is AI-generated from SHREE CEMENT LIMITED's latest quarterly filing and earnings call. For informational purposes only — not investment advice.