SHREE CEMENT LIMITED

Shree Cement Limited's management discussed the company's Q1 FY27 performance during the earnings conference. Management highlighted that approximately 10% of turnover came from overseas and a 100% subsidiary in India, suggesting a shift towards focusing on consolidated results rather than standalone figures. They noted challenges faced due to the Middle East war, which affected the availability of Pet Coke and gypsum, leading to increased production costs. The fuel cost for the quarter was reported at INR 1.95 per kcal, with a clinker conversion factor of 1.50, down from 1.58 in the previous year. Despite these challenges, management reported a year-on-year volume growth of over 15%. They emphasized a goal to return to higher trade sales and improve profitability in subsequent quarters, contingent on stable conditions in the Middle East. The discussion concluded with management reiterating the importance of focusing on consolidated performance moving forward.

Management highlighted both challenges and growth opportunities in the discussion.