Shree Cement Q4 FY26: Profit Rises 34% to ₹1,212 Cr, Dividend Up 36%
Shree Cement's Q4 FY26 operating EBITDA surged 34% to ₹1,212 crore on a 23.2% volume increase. For FY26, EBITDA grew 11% to ₹4,222 crore. The company commissioned a new 3.65 MTPA clinker capacity in Karnataka, boosting total capacity to 69.3 MTPA. A final dividend of ₹70/share was recommended, making the total ₹150/share, a 36% rise.
The announcement details strong financial results, significant capacity expansion, and an increased dividend payout, all of which are material events that can significantly influence investor perception and stock valuation.
The company reported significant year-on-year and quarter-on-quarter growth in volumes, realizations, and EBITDA, along with capacity expansions and a substantial increase in dividend payout, indicating strong financial and operational performance.
Shree Cement Limited reported a strong performance for the quarter and year ended March 31, 2026. For the March '26 quarter, domestic cement sales volume increased by approximately 25% sequentially to 10.56 million tons, with a year-on-year growth of 11%. Total volume, including clinker sales, rose by 23.2% quarter-on-quarter to 10.77 million tons. Realizations increased by 1.6% to ₹4,725 per ton. Operating EBITDA saw a significant jump of 34% to ₹1,212 crores, with EBITDA per ton improving to ₹1,125. Capacity utilization stood at 66% for the quarter.
For the full year FY26, sales volume grew by 2.2% to 36.4 million tons. Realizations increased by 3.6% to ₹4,732 per ton. Total operating EBITDA increased by 11% to ₹4,222 crores (excluding a one-time impact of ₹80 crores), and EBITDA per ton stood at ₹1,161.
The company commissioned a new integrated project with 3.65 million tons clinker and 3.5 million tons cement capacity at Kodla, Karnataka, increasing its installed cement production capacity in India to 69.3 million tons. Expansion plans include a 2.5 million tons cement mill in Union Cement, UAE, scheduled for September '26, and a new integrated plant in Meghalaya.
Shree Cement also incorporated a wholly-owned subsidiary in Mauritius for cement facilities. The company is expanding its Ready Mix Concrete (RMC) business, with plans to increase its operational plants from 26 to 36 by the start of FY27.
Sustainability efforts include a 61% share of green electricity in total consumption for Q4 '26 and maintaining water positivity index to more than 8x. The company continues to receive AAA ratings.
Considering the strong cash position, the Board recommended a final dividend of ₹70 per share, in addition to an interim dividend of ₹80 per share, making the total dividend for FY26 ₹150 per share, a 36% increase from FY25. The company anticipates a resilient macroeconomic environment driven by infrastructure spending, though potential headwinds from geopolitical conflicts and monsoon forecasts exist.
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SHREE CEMENT LIMITED filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by SHREE CEMENT LIMITED. Read the original for the full detail.