India: Shree Cement recorded US$1.13bn in sales in the first half of its 2027 financial year (FY 2027), which began on 1 April 2026, up by 16% year-on-year. The company’s net profit fell by 28% to US$67.7m. This was partly due to a ‘surge’ in international prices of petcoke, a major fuel source for Shree Cement. During the second quarter of FY 2027, Shree Cement’s power and fuel costs rose by 56% year-on-year, to US$172m. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 5% to US$101m.
Shree Cement raises sales in first half of 2027 financial year
