Shree Cement Ltd. Q3 FY2024 results: revenue ₹5,223 crore, up 21.5% on the year
Shree Cement Ltd. (SHREECEM) reported consolidated revenue from operations of ₹5,223 crore for Q3 FY2024, the quarter ended 31 December 2023, up 21.5% on the same quarter a year earlier. Profit after tax was ₹702 crore, up 149.0% on the year, and earnings per share ₹194.54. The figures are the company's own, from the unaudited results it filed with NSE on 31 January 2024.
The quarter, against the one before and a year earlier
| Line | Q3 FY2024 | Q2 FY2024 | Q3 FY2023 | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 5,223 | 4,800 | 4,299 | +21.5% |
| Other income | 147 | 132 | 174 | -15.3% |
| Total income | 5,371 | 4,932 | 4,473 | +20.1% |
| Cost of materials consumed | 405 | 364 | 347 | +16.8% |
| Purchases of stock-in-trade | 6 | 3 | 12 | -51.4% |
| Changes in inventories | 52 | 31 | -88 | n/a |
| Employee benefit expense | 270 | 266 | 248 | +8.8% |
| Finance costs | 55 | 67 | 70 | -21.7% |
| Depreciation, depletion and amortisation | 444 | 412 | 443 | +0.3% |
| Other expenses | 3,227 | 3,251 | 3,055 | +5.6% |
| Total expenses | 4,458 | 4,393 | 4,085 | +9.1% |
| Profit before exceptional items and tax | 913 | 539 | 388 | +135.2% |
| Exceptional items | 0 | 0 | 0 | n/a |
| Profit before tax | 913 | 539 | 388 | +135.2% |
| Current tax | 239 | 98 | 112 | +112.7% |
| Deferred tax | -28 | -5 | -6 | n/a |
| Total tax | 211 | 93 | 106 | +98.4% |
| Profit after tax | 702 | 447 | 282 | +149.0% |
| Attributable to owners of the parent | 702 | 447 | 282 | +148.8% |
| Other comprehensive income | 5 | 39 | 49 | -90.2% |
| Total comprehensive income | 707 | 486 | 330 | +113.8% |
| EPS, basic | ₹194.54 | ₹123.78 | ₹78.18 | +148.8% |
| EPS, diluted | ₹194.54 | ₹123.78 | ₹78.18 | +148.8% |
₹ crore except per share.
Leverage, as the company states it
| Line | Q3 FY2024 | Q2 FY2024 | Q3 FY2023 | Change on the year |
|---|---|---|---|---|
| Debt to equity | 0.00 | 0.00 | n/a | |
| Debt service coverage | 0.26 | 0.01 | n/a | |
| Interest service coverage | 0.26 | 0.15 | 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 31 December 2023, filed with NSE on 31 January 2024: the result statement. All of Shree Cement Ltd.'s results: NSE company page.
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