Shree Cement Ltd. Q2 FY2024 results: revenue ₹4,800 crore, up 18.9% on the year

Shree Cement Ltd. (SHREECEM) reported consolidated revenue from operations of ₹4,800 crore for Q2 FY2024, the quarter ended 30 September 2023, up 18.9% on the same quarter a year earlier. Profit after tax was ₹447 crore, up 143.7% on the year, and earnings per share ₹123.78. The figures are the company's own, from the unaudited results it filed with NSE on 7 November 2023.

Revenue from operations₹4,800 croreup 18.9%

Profit after tax₹447 croreup 143.7%

EPS₹123.78

QuarterQ2 FY2024ended 30 September 2023

The quarter, against the one before and a year earlier

Line	Q2 FY2024	Q1 FY2024	A year earlier	Change on the year
Revenue from operations	4,800	5,065	n/a	n/a
Other income	132	169	n/a	n/a
Total income	4,932	5,234	n/a	n/a
Cost of materials consumed	364	403	n/a	n/a
Purchases of stock-in-trade	3	4	n/a	n/a
Changes in inventories	31	-37	n/a	n/a
Employee benefit expense	266	266	n/a	n/a
Finance costs	67	74	n/a	n/a
Depreciation, depletion and amortisation	412	339	n/a	n/a
Other expenses	3,251	3,484	n/a	n/a
Total expenses	4,393	4,534	n/a	n/a
Profit before exceptional items and tax	539	700	n/a	n/a
Exceptional items	0	0	n/a	n/a
Profit before tax	539	700	n/a	n/a
Current tax	98	122	n/a	n/a
Deferred tax	-5	6	n/a	n/a
Total tax	93	128	n/a	n/a
Profit after tax	447	572	n/a	n/a
Attributable to owners of the parent	447	572	n/a	n/a
Other comprehensive income	39	-9	n/a	n/a
Total comprehensive income	486	563	n/a	n/a
EPS, basic	₹123.78	₹158.62	n/a	n/a
EPS, diluted	₹123.78	₹158.62	n/a	n/a

₹ crore except per share.

Leverage, as the company states it

Line	Q2 FY2024	Q1 FY2024	A year earlier
Debt to equity	0.00	n/a	n/a
Debt service coverage	0.01	n/a	n/a
Interest service coverage	0.15	n/a	n/a

Debt to equity, debt service coverage and interest service coverage are the figures the company prints in its result statement under the listing regulations.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024	Q4 FY2025	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026	Q1 FY2027
Sales	4,299	5,100	5,065	4,800	5,223	5,433	5,532	5,281	4,761	4,801	6,101	6,233
Expenses	4,085	4,755	4,534	4,393	4,458	4,775	4,932	4,648	4,506	4,622	5,535	5,704
Operating profit	727	889	945	886	1,264	1,422	1,429	1,333	974	947	1,384	1,272
OPM %	17%	17%	19%	18%	24%	26%	26%	25%	20%	20%	23%	20%
Other income	174	146	169	132	147	150	158	235	179	146	101	212
Interest	70	71	74	67	55	62	41	46	51	59	56	57
Depreciation	443	473	339	412	444	702	788	654	668	710	762	686
Exceptional items	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	388	491	700	539	913	807	758	868	434	324	667	741
Tax %	27%	-7%	18%	17%	23%	16%	24%	26%	29%	17%	21%	28%
Net profit	282	525	572	447	702	676	575	644	310	268	528	531
EPS in ₹	₹78.18	₹145.72	₹158.62	₹123.78	₹194.54	₹187.04	₹159.17	₹178.12	₹85.50	₹73.92	₹145.70	₹146.67
Filing	NSE	NSE	NSE	NSE	NSE	NSE	Filing	Filing	Filing	Filing	Filing	Filing

₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.

Source

Unaudited consolidated results for the quarter ended 30 September 2023, filed with NSE on 7 November 2023: the result statement. All of Shree Cement Ltd.'s results: NSE company page.

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