ICICI Securities Ltd | Retail Equity Research Shree Cement's results were below our estimates. Revenues registered an increase of 23.1% YoY to | 2,296.2 crore (vs. I-direct estimate of | 2302.0 crore) mainly led by 19.4% YoY increase in cement revenues to | 2,193.6 crore and 277.3% YoY increase in power revenues to | 102.6 crore The increase in cement revenues was due to 8.4% YoY increase in volumes to 5.3 MT and 10.1% YoY increase in cement realisations...