Shree Cement Q1 profit falls as West Asia disruptions drive up fuel costs
New Delhi, July 31 -- Shree Cement Ltd's June-quarter profit fell as higher fuel and raw material costs triggered by the West Asia conflict more than offset strong double-digit volume growth. India's third-largest cement maker said those cost pressures have likely peaked and profitability should improve from the current quarter if geopolitical conditions remain stable.
The Kolkata-based cement maker reported a consolidated net profit of Rs.529 crore for the three months ended 30 June (Q1FY27), down 18% from Rs.643 crore a year earlier, according to exchange filings. Revenue from operations rose 18% to Rs.6,233 crore, while operating profit (Ebitda) fell 4.6% to Rs.1,272 crore. Ebitda margin contracted to 20.4% from 25.2% a year earlier....
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