SHREE CEMENT LIMITED has informed the Exchange about Transcript
SHREECEM · price
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Shree Cement's Q2 FY26 earnings call highlighted strong YoY performance, with total EBITDA up 46% to INR851 crores and EBITDA per ton rising 43% (adjusted) to INR1,105, driven by 9% realization growth to INR4,840/ton. Premium product share climbed from 15% to 21% of trade volumes, supporting the company's value-over-volume strategy. Cement sales volume grew 6.8% YoY but fell 12% sequentially due to heavy monsoon rains in North India. UAE operations posted their best-ever quarter, with volumes up 34% to 13.1 lakh tons and EBITDA surging 158% to AED52.53 million. Management announced the highest interim dividend of INR80/share and guided for INR3,000 crores of capex in FY26-27, with a long-term capacity target of 80 million tons by FY28/FY29, 40 RMC plants by FY26, and rail-coverage expansion from 11% to 20%.
The strong EBITDA growth, multi-pronged margin levers (premiumization, 63% green power share, rail logistics, AFR scaling), and record dividend payout are positive for shareholder sentiment and earnings trajectory. However, management's refusal to provide specific EBITDA-per-ton or capacity-commissioning timelines may cap near-term re-rating, keeping the stock dependent on demand recovery and pricing stability.