Shree Cement to increase share of premium products in total sales gradually by focusing on right pricing
Plans to increase its production capacity to 56 mt by the end of the current financial year15-11-2023
15-11-2023
SHREE CEMENT LTD. - 500387 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Pursuant to regulation 30 of the SEBI (Listing Obligation and Disclosure Requirement), Regulations, 2015, the transcript of the Conference Call held on 8th November, 2023 relating to the unaudited Standalone and Consolidated financial result of the Company for the quarter and half year ended 30th September, 2023 in enclosed.14-11-2023
SHREE CEMENT LTD. - 500387 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
In continuation to our letter dated 3rd November, 2023, informing about a Conference Call to be held today, i.e. 8th November, 2023, relating to Financial Results of the Company for Quarter and half year ended on 30th September, 2023. In terms of Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirement), Regulations 2015, the audio recording of the earnings conference call available at below link: https://www.shreecement.com/uploads/investors_con_call/Investor_Con_Call_Q2_FY_2023- 24.mp308-11-2023
Q2FY24 Quarterly Result Announced for Shree Cements Ltd.
Shree Cements announced Q2FY24 results: Financial Performance: Net revenue up YoY by 21% from Rs 3,781 crore to Rs 4,585 crore Total sale volume increased YoY by 10% from 7.46 million tonnes to 8.20 million tonnes Capacity utilization improved from 65% to 71% on a YoY basis EBIDTA up YoY by 66% from Rs 523 crore to Rs 870 crore Operational Highlights: Total sale volume increased by 10% from 7.46 million tonnes to 8.20 million tonnes. Capacity utilization improved from 65% to 71% on a year-on-year basis. Sale of premium products accounted for 9.5% of total trade sales, up from 7.5% in the previous year. The Board of Directors approved the setting up of a brownfield cement grinding capacity of 3.40 million tonnes per annum at the existing facilities in Baloda Bazar district, Chhattisgarh, with an estimated capital expenditure of Rs 550 crore. The Board of Directors approved the merger of Shree Cement East Pvt. Ltd. and Shree Cement North Pvt. Ltd., wholly owned subsidiaries of the Company, into Shree Cement Ltd. subject to applicable regulatory requirements and sanction by National Company Law Tribunal(s) of relevant jurisdiction of the entities involved. Neeraj Akhoury, Managing Director, Shree Cement while commenting on the performance said, “We are excited to announce our Q2 performance with strong EBIDTA generation of Rs 870 crore on the back of volume growth of 10% and improved operational matrices. In our transformation journey, we have made significant progress in establishing world-class operational benchmarks, enhanced brand equity, and reduced environmental footprints. We continue to add world-class technology enablers to improve this performance further. We continually improve our volumes quarter over quarter. As the country enters into a multi-year strong demand cycle, we are aggressively marching ahead on our expansion plans to achieve our target of going beyond 80 million tons capacity by 2028. Result PDF08-11-2023
Shree Cement shares trade flat after Q2 net profit zooms 159%
Shree Cement trades at premium valuations due to cost leadership, efficient capital deployment, and higher capacity CAGR, said Motilal Oswal.08-11-2023
SHREE CEMENT LTD. - 500387 - Compliances-Reg. 54 - Asset Cover details
Intimation of Security Cover under Regulation 54 of SEBI LODR, 201507-11-2023
SHREE CEMENT LTD. - 500387 - Disclosure In Terms Of Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations")
Shree Cement Limited informed to the Stock Exchange for appointment of Senior Management Personnel.07-11-2023
SHREE CEMENT LTD. - 500387 - Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements), Regulations, 2015
In terms of Regulation 30 of the SEBI listing regulation, we are giving disclosure of resignation of Senior Management personnel.07-11-2023
SHREE CEMENT LTD. - 500387 - Announcement under Regulation 30 (LODR)-Restructuring
Intimation of the outcome of the meeting of the Board of Directors of Shree Cement Limited held on 7th November, 2023 considered and approved the draft scheme of Amalgamation of Shree Cement North Pvt. Ltd. (Transferor Company 1) and Shree Cement East Pvt. Ltd. (Transferor Company 2) with the Company.07-11-2023