Shree Cement Limited (Shree Cement) reported better-than-expected standalone operational performance, which was driven by better realisation and lower cost of production. The company's standalone revenue declined by 2% y-o-y to Rs. 3,217.5 crore on account of lower cement volume (down 5.4% y-o-y). The company has stopped providing power division's operational numbers from Q4FY2020, as most power is consumed for cement operations. Lower volume during Q4FY2020 was on account of COVID-19-led lockdown, which affected 10 days during Q4FY2020. Blended realisation improved by 3.5% y-o-y, led by higher cement prices in Northern...