Shree Cement Ltd Q2 revenue rises 15% as prices firm and volumes climb

Shree Cement reported a 15% year-on-year increase in revenue for the quarter ended September, reaching ₹43.03 billion (~US$490 million), ahead of estimates. Volumes grew 6.8% despite the monsoon-challenged period and firm cement prices lifted the top line. Net profit almost tripled to ₹2.77 billion, although input cost pressures (fuel, freight, etc) rose 5%, weighing margins. The result signals improving demand in the construction sector as tax reform and infrastructure push bolster the pipeline.