SHREE CEMENT LIMITED — Q2FY27 earnings call summary

Filed 29 October 2026 · Official transcript

FY27 India cement demand growth expected 7-10%; company aims to outperform industry growth
Capex H1 FY27 INR895 Cr; H2 expected INR700-800 Cr; net cash INR8,168 Cr
Alternate fuel use increased to 5%, expected to rise; fuel cost Q2 INR2.09/kCal, Q3 guided INR2.15-2.20
Q2 FY27 India sales volumes up 18% y-y to 9.31 mn tons; realizations +1% to INR4,870/ton
Consolidated EBITDA rose 4% y-y to INR1,016 Cr; EBITDA/ton declined to INR966 due to higher fuel cost
UAE subsidiary commissioned 3 mn ton cement mill; total UAE capacity 7 mn tons
Green electricity 65.2% of consumption; green power capacity 667 MW; zero liquid discharge operations
New Meghalaya plant on track for Mar 2028 commissioning; new capacity takes ~3 years to stabilize