Conference Call with Shree Cements Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
Cement & Cement Products company Shree Cements announced Q4FY24 & FY24 results: Q4FY24 net revenue up YoY by 7% from Rs 4,785 crore to Rs 5,101 crore, annual turnover zooms by 16% to Rs 19,586 crore Q4FY24 total sale volume increased YoY by 8% from 8.83 million tonnes to 9.53 million tonnes, annual volume at 35.5 million tonnes with 12% growth EBIDTA (without Other Income) went up YoY by 49% from Rs 892 crore to Rs1,327 crore. This is the highest ever EBIDTA delivered by the Company. Annual EBIDTA also reaches highest ever level of Rs 4,364 crore Neeraj Akhoury, Managing Director, Shree Cement said, “Our strong financial performance reflects our sharp focus on operational efficiencies while expanding our capacity through green and brownfield projects. This is complemented by our digital transformation, which is driving us forward, streamlining our operations and empowering our people with data-driven decision-making capabilities.” He added, “I am happy to see the enthusiastic market response to our consolidation of all products under the master brand ‘Bangur’, which, along with diversifying into Ready Mix Concrete, marks a significant step in our journey towards becoming a multi-product player in the core cement business. We are today well-positioned to contribute significantly to India’s vision of world-class infrastructure.” Result PDF