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Shree Cement shares are trading higher on Friday, October 23, after the company reported its Q2FY27 results.
Revenue and EBITDA came in ahead of CNBC-TV18’s poll estimates, while net profit fell short of expectations.
The company’s net profit declined 26% year-on-year (YoY) to ₹205.3 crore from ₹277.1 crore, compared with CNBC-TV18’s poll estimate of ₹210 crore.
Revenue rose 18.7% YoY to ₹5,107.4 crore from ₹4,303.2 crore, beating the poll estimate of ₹4,773 crore.
EBITDA stood at ₹849.4 crore, compared with ₹851.8 crore a year ago, and exceeded the poll estimate of ₹749 crore.
EBITDA margin contracted to 16.6% from 19.8% a year ago but came in above the poll estimate of 15.7%.
