GURUGRAM, May 14, 2025 — Shree Cement Ltd (NSE: SHREECEM | BSE: 500387) reported its audited financial results for the quarter and year ended March 31, 2025. The cement major posted a year-on-year decline in net profit for Q4 FY25 despite a sequential recovery, while the Board recommended a final dividend of ₹60 per share for FY25.
Key Financial Highlights (Standalone)
| Particulars | Q4 FY25 | Q4 FY24 | YoY Change | Q3 FY25 | QoQ Change |
|---|---|---|---|---|---|
| Revenue from Operations | ₹5,240.15 Cr | ₹5,072.68 Cr | +3.3% | ₹4,235.49 Cr | +23.7% |
| EBITDA | ₹1,531.41 Cr | ₹1,465.09 Cr | +4.5% | ₹1,061.45 Cr | +44.3% |
| Profit Before Tax | ₹742.77 Cr | ₹772.24 Cr | –3.8% | ₹259.00 Cr | +186.7% |
| Net Profit | ₹555.98 Cr | ₹661.76 Cr | –16.0% | ₹229.41 Cr | +142.3% |
| EPS (Basic & Diluted) | ₹154.09 | ₹183.41 | –16.0% | ₹63.58 | +142.4% |
FY25 Standalone Highlights:
- Total Income stood at ₹18,614.49 Cr, down 7.1% YoY.
- PAT declined to ₹1,196.23 Cr from ₹2,468.44 Cr, a 51.5% drop.
- Final dividend of ₹60/share recommended; interim dividend of ₹50/share already paid.
Key Financial Highlights (Consolidated)
| Particulars | Q4 FY25 | Q4 FY24 | YoY Change | Q3 FY25 | QoQ Change |
|---|---|---|---|---|---|
| Revenue from Operations | ₹5,532.02 Cr | ₹5,401.01 Cr | +2.4% | ₹4,572.68 Cr | +20.9% |
| EBITDA | ₹1,586.50 Cr | ₹1,571.46 Cr | +1.0% | ₹1,075.58 Cr | +47.5% |
| Profit Before Tax | ₹757.67 Cr | ₹807.09 Cr | –6.1% | ₹224.71 Cr | +237.2% |
| Net Profit | ₹574.99 Cr | ₹675.75 Cr | –14.9% | ₹193.72 Cr | +196.8% |
| EPS (Basic & Diluted) | ₹159.17 | ₹187.04 | –14.9% | ₹53.61 | +196.9% |
FY25 Consolidated Highlights:
- Revenue at ₹19,872.05 Cr, down 5.4% YoY.
- PAT declined 53% to ₹1,123.80 Cr.
- Cash EPS for the year stood at ₹1,102.79.
Segment Performance and Expansion
Shree Cement remains a pure-play cement manufacturer, with no separate reportable segments per Ind AS 108.Key Expansion Updates:
- Nawalgarh, Rajasthan: Clinker capacity enhanced from 3.80 MTPA to 4.50 MTPA in March 2025.
- Etah, Uttar Pradesh: 3.0 MTPA clinker grinding unit commissioned by Shree Cement East Pvt Ltd on April 1, 2025.
- Baloda Bazar, Chhattisgarh: 3.40 MTPA unit commissioned on April 20, 2025.
Balance Sheet & Ratios
- Net Worth (Consolidated): ₹21,537.75 Cr
- Debt-to-Equity: 0.04
- Operating Margin (FY25): 23%
- Net Profit Margin (FY25): 6%
Management Commentary
The company acknowledged that costs related to Voluntary Separation Schemes impacted Q4 results, with ₹23.22 Cr and ₹7.44 Cr booked under employee and other expenses, respectively. Additionally, management is addressing the reopening of past income tax assessments, though no adjustments have been made in the current financials.Outlook
Despite a challenging cost environment and regulatory uncertainties, Shree Cement invests in capacity expansion and operational efficiency. The company's healthy cash flows and robust balance sheet support future growth initiatives, especially in North and Central India.Chairman’s Statement: