Shree Cements announced Q4FY23 results: Net revenue up QoQ by 18% from Rs 4,069 crore to Rs 4,785 crore Total sale volume increased QoQ by 10% from 8.03 million tonnes to 8.83 million tonnes EBIDTA (without Other Income) went up QoQ by 26% from Rs 708 crore to Rs 892 crore Proportion of premium products sales against total trade cement sales was 7.5% in Q4FY23 vs 7.2% in Q3FY23 The Board of Directors of the company has declared a second interim dividend of Rs 55 per share (550%) for FY23 Neeraj Akhoury, Managing Director, Shree Cement, said, “Shree Cement has delivered a robust set of revenue & EBITDA growth while strongly pursuing our journey to remain the greenest cement company with world-class performance indicators. We are driving prioritized initiatives to increase green power, usage of alternative fuels, and process automation combined with advanced digitalization of the operations to deliver superior performance. The improved performance during this quarter is testimony to such initiatives amidst the challenge of managing high fuel costs. Our resolve to step up actions on strengthening brand equity is under execution and we are confident to deliver volume growth with focus on premium cement creating enhanced value for our customers.” He added that “We continue to execute sharp action plans to reach beyond 80 million tons cement capacity in the coming years. Our growth plan will add significant value to our business and provide opportunities for all our stakeholders.” Result PDF