Shree Cement Q2 FY27 results on Oct 23, 2026: Q1 revenue ₹6,233 crore

Key update: board meeting set for October 23

Shree Cement has scheduled its next earnings announcement for Q2 FY27 on October 23, 2026. The Board of Directors is set to meet that day to consider and approve the company’s un-audited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The market update was circulated via the National Stock Exchange of India (NSE) on September 16, 2026.

The timing matters because the company is coming off a June-quarter (Q1 FY27) where revenue rose sharply year-on-year, while profitability remained under pressure from higher costs. Investors tracking the cement sector typically watch the September quarter closely due to demand patterns and cost movements in fuel and raw materials.

What the company reported in Q1 FY27

For the quarter ended June 2026 (Q1 FY27), Shree Cement reported consolidated net sales (revenue from operations) of ₹6,233.13 crore, up 18.03% year-on-year. The same update also reflected a 2.17% quarter-on-quarter increase from ₹6,101.00 crore.

Profitability, however, moved in the opposite direction on a year-on-year basis. Consolidated net profit (PAT) for the June quarter stood at ₹531.12 crore, down 17.48% from ₹643.66 crore in the April-June period a year ago, as cited in a regulatory filing. On a sequential basis, net profit was marginally higher, up 0.68% quarter-on-quarter from ₹527.53 crore.

The Q1 snapshot pointed to a cost-led squeeze despite revenue growth. The company attributed the profit decline to higher input costs, keeping attention on margins going into the September-quarter result.

Operating metrics: profit line, PBDT and operating profit

Alongside revenue and PAT, Q1 FY27 operational profitability metrics showed mixed movement. Operating profit was reported at ₹1,272.20 crore, down 8.08% quarter-on-quarter from ₹1,383.99 crore and down 4.53% year-on-year.

Profit before depreciation and tax (PBDT) stood at ₹1,427.05 crore, nearly flat sequentially, with a 0.16% quarter-on-quarter decline from ₹1,429.40 crore. Year-on-year, PBDT was down 6.26%.

The data set also listed gross profit at ₹586 crore, down 5.68% quarter-on-quarter and down 13.63% year-on-year. Together, these numbers reinforce the same theme for the June quarter: top-line growth, but pressure on profitability metrics.

Why October 23 matters for investors

The October 23 board meeting will deliver numbers for both the quarter and the half-year ending September 30, 2026. This makes it a more meaningful checkpoint than a standalone quarterly print, since it aggregates performance across two quarters.

The company’s Q2 FY27 print will also be viewed against a strong reference point from Q2 FY26. In that prior-year September quarter (Q2 FY26), Shree Cement reported consolidated revenue of ₹4,761.07 crore, a 17.44% year-on-year increase, and PAT of about ₹309 crore, compared with ₹76.44 crore in Q2 FY25.

With that base in mind, the market focus is expected to remain on whether Shree Cement can maintain its volume trajectory while improving profitability after the input-cost pressure flagged in Q1 FY27.

UAE capacity addition: 3 MTPA grinding facility commissioned

On October 13, 2026, Shree Cement announced it successfully commissioned a 3 million tonnes per annum (MTPA) cement grinding facility in Ras Al Khaimah, UAE. The investment was stated at AED 115 million.

This commissioning increases Shree Cement’s cement capacity in the UAE from 4 MTPA to 7 MTPA. The newly added unit includes a Vertical Roller Mill and advanced material handling systems.

Following this addition, Shree Cement’s overall production capacity was stated at 76.3 MTPA. The UAE update is relevant context into the October 23 results because it signals continuing capacity build-out even as profitability remains sensitive to costs.

Earnings calendar: Q1 done, Q2 next

The company’s last earnings date for Q1 FY26-27 was July 31, 2026. Shree Cement had informed the BSE that a board meeting was scheduled on July 31, 2026, to consider and approve un-audited standalone and consolidated financial results for the quarter ended June 30, 2026.

The upcoming earnings date is listed as Q2 FY26-27 on October 23, 2026. The announcement sets expectations for when investors will receive updated numbers and management commentary embedded in filings.

Snapshot table: key facts investors are tracking

How this connects to margins and cost trends

Shree Cement’s Q1 FY27 result was shaped by higher input costs, as stated in the regulatory context around the June-quarter profit decline. That makes cost lines such as fuel and raw materials central to how investors interpret the September-quarter outcome.

Separately, market commentary around the October 23 results has highlighted monitoring of the company’s volume growth trajectory and margin restoration efforts amid fluctuating fuel and input costs. While the October 23 outcome will provide the updated picture, Q1 numbers show that revenue expansion alone did not translate into higher year-on-year profit.

Capacity and expansion signals seen in recent updates

Beyond quarterly financials, Shree Cement has communicated capacity-linked milestones and targets in the broader flow of updates. It stated that overall production capacity has reached 76.3 MTPA after the UAE commissioning.

The company has also indicated an adjusted capacity expansion timeline, targeting 80 million tonnes capacity by FY29 instead of earlier plans. It has cited an aim of 72-75 million tonnes capacity by FY27 and a plan to establish 40 RMC plants by FY28, alongside an estimate of ₹3,000 crore capital expenditure for FY27.

These expansion figures are typically read alongside quarterly margin performance, because new capacity, capex and operating efficiency can influence cost structures over time, even though the near-term results remain sensitive to input prices.

Market impact: what is likely to be compared on October 23

The most immediate market comparison is between Q2 FY27 performance and the strong base of Q2 FY26, when Shree Cement’s consolidated revenue rose 17.44% year-on-year to ₹4,761.07 crore and PAT increased to about ₹309 crore from ₹76.44 crore in Q2 FY25.

A second comparison will be sequential: whether the company’s profitability improves from the Q1 FY27 PAT of ₹531.12 crore despite the cost pressures mentioned for the June quarter. Any change in operating profit and PBDT will also be watched because Q1 FY27 already showed declines in those lines year-on-year.

Conclusion: what to watch next

Shree Cement’s Q2 FY27 results are scheduled for October 23, 2026, when the board will consider and approve un-audited standalone and consolidated numbers for the quarter and half-year ended September 30, 2026. The company enters this result after Q1 FY27 delivered ₹6,233.13 crore in revenue but a 17.48% year-on-year decline in net profit to ₹531.12 crore, linked to higher input costs.

The next confirmed step is the October 23 board meeting and the subsequent filings, which will provide the September-quarter performance and the half-year view, alongside updated disclosures that investors track for costs, volumes and capacity execution.