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The revenue from operations stood at Rs 5,433 crore in the quarter under review which was up by 6.5% from Rs 5,100 crore reported in the year-ago period.
The company's board also recommended a final dividend of Rs 55 per equity share for the year ended March 31, 2024.
The consolidated profit after tax (PAT) for the full financial year stood at Rs 2396 crore which was up from Rs 1,271 crore in FY23. The revenue in the said period was reported at Rs 20,521 crore as against Rs 17,852 crore in FY23.
The company's total expenses in the January-March quarter grew marginally by 0.42% to Rs 4775.35, up from Rs 4755 in Q4FY23. In the previous quarter, the total expenses were reported at Rs 4458 crore.
The earnings were announced after market hours and the company's stock ended the day with gains of Rs 80 or 0.31% on the NSE.
Q4FY24 total sale volume increased 8% YoY from 8.83 million tonnes to 9.53 million tonnes while the annual volume was reported at 35.5 million tonnes which was a 12% growth over the previous financial year.
The Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) surged 49% YoY from Rs 892 crore to Rs 1,327 crore. This is the highest-ever EBIDTA delivered by the company, the exchange filing said. Annual EBITDA also reached highest ever level of Rs 4,364 crore.
Commenting on the results, Neeraj Akhoury, Managing Director of Shree Cement said that the company's "strong" financial performance reflected its sharp focus on operational efficiencies while expanding our capacity through green and brownfield projects. “I am happy to see the enthusiastic market response to our consolidation of all products under the master brand ‘Bangur’, which, along with diversifying into Ready Mix Concrete, marks a significant step in our journey towards becoming a multi-product player in the core cement business. We are today well-positioned to contribute significantly to India’s vision of world-class infrastructure,” he added.
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