Q1 2025 Shree Cement Ltd Earnings Call Transcript
Key Points
- Shree Cement Ltd (BOM:500387) achieved an 8% year-over-year increase in total volume, from 8.92 million tonnes to 9.64 million tonnes.
- The company commissioned a new integrated cement unit in Andhra Pradesh with a production capacity of 3 million tonnes per annum.
- Shree Cement Ltd (BOM:500387) reached a significant milestone of 1 gigawatt of installed power capacity, including a mix of solar, wind, thermal, and waste heat recovery power plants.
- The company is expanding its solar power capacity by 135 megawatts across various locations, enhancing its renewable energy footprint.
- Shree Cement Ltd (BOM:500387) launched a new greenfield ready-mix concrete plant in Hyderabad, bringing the total number of plants to seven with a capacity of 624 cubic meters per hour.
- Despite the volume increase, the company's total EBITDA marginally decreased by 2%, from INR 933 crores to INR 916 crores.
- Realization per tonne dropped by 5% from INR 4,721 to INR 4,469, impacting overall profitability.
- Other expenses increased due to stabilization costs following the commissioning of new plants and higher advertisement expenses.
- The company faced challenges in the North region due to competitive pressures, leading to a decline in volume growth in that area.
- The demand in Q1 was weak, and the management anticipates continued weak demand in Q2 and Q3, which could further impact pricing and profitability.
Ladies and gentlemen, good day, and welcome to Shree Cement Limited conference call for quarter ended June 30, 2024 hosted by PhillipCapital India Private Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Vaibhav Agarwal from PhillipCapital India Private Limited. Thank you, and over to you, Mr. Agarwal.
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Yes. Thank you, Michelle. Good evening, everyone. On behalf of PhillipCapital India Private Limited, we welcome you to the Q1 FY25 call of Shree Cement Limited. On the call, we have with us Mr. Neeraj Akhoury, Managing Director; and Mr. Ashok Bhandari, Senior Adviser; and Mr. Subhash Jajoo, Chief Financial Officer at Shree Cement.
I would like to mention on behalf of Shree Cement Limited and its management that certain statements that may be made or discussed on this conference call may be forward-looking statements related to future developments and these statements
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