SHREE CEMENT LIMITED has informed the Exchange about Transcript
SHREECEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shree Cement's Q3 FY26 earnings call (held Feb 6, 2026) covered volumes of 8.7 million tons for the quarter, with December alone at 3.3 million tons versus 2.7 million in November. Realization improved to INR 4,652/ton (Dec '25) from INR 4,554/ton (Dec '24), and management said the price gap with UltraTech has been narrowed from INR 30/bag to INR 15/bag. RMC revenue was INR 71 crores from 19 plants, with plans to scale to 45 plants by September 2026. Fuel cost remains lowest in the industry at 1.56 per kilocalorie, with renewable energy mix at 61%. FY26 capex is guided at INR 2,000 crores (INR 1,500 done, INR 400-500 remaining), while FY27 capex is initially guided at INR 500 crores, subject to further capacity expansion plans. The company is net debt-free with INR 6,000 crores of cash and expects 9-9.5 million tons in Q4 FY26. Management indicated better dividend payout for FY26 vs FY25.
Management signalled continued focus on value-over-volume strategy with expectation that margins will improve as fixed cost recovery normalises; the narrowing price gap with UltraTech and improving RMC contribution are positive signals, though the 80 MT capacity target by FY29 was deferred pending demand clarity, and management evaded several detailed analyst questions on realizations and UAE numbers.