Quarterly Financial Results
Shree Digvijay Cement Q1 FY27 Results: Revenue Surges 72% on Strong Volume Growth Despite Margin Pressure
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SHREDIGCEM
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- Shree Digvijay Cement Company Limited reported a strong increase in operational performance during Q1 FY27, with Revenue from Operations rising 72.1% YoY to ₹337.27 crore, supported by a sharp increase in cement sales volumes.
- Sales volume climbed 68.8% YoY to 6.06 lakh tonnes, aided by expanded supplies under its Brand Usage, Supply and Distributorship Agreement (BDA) with Hi-Bond Cement.
- However, higher input and logistics costs weighed on profitability, resulting in lower Profit Before Tax and Profit After Tax compared with the corresponding quarter last year.
PRICE-SENSITIVE TRIGGER
Event: Shree Digvijay Cement announced its financial results for the quarter ended 30 June 2026.
Type: Quarterly Financial Results
Impact: Neutral
Immediate Effect: The company delivered robust revenue and volume growth during the quarter, although increased input and logistics costs led to lower profitability despite higher operational scale.
Metrics:
Key Financial Metrics:
- Sales Volume: 6.06 lakh tonnes (▲68.8% YoY | ▲53.8% QoQ)
- Revenue from Operations: ₹337.27 crore (▲72.1% YoY | ▲61.8% QoQ)
- EBITDA: ₹30.28 crore (▲20.2% YoY | ▲20.6% QoQ)
- EBITDA per Ton: ₹500 (vs ₹701 YoY)
- Profit Before Tax: ₹9.15 crore (▼50.6% YoY)
- Profit After Tax: ₹6.83 crore (▼50.5% YoY)
Highlight:
- Strong cement volume growth and expanded market presence drove a 72% increase in revenue, while profitability remained under pressure from higher input and logistics costs.
What Happened ?
Shree Digvijay Cement delivered a significant increase in sales volumes during Q1 FY27, supported by higher dispatches under its Brand Usage, Supply and Distributorship Agreement (BDA) with Hi-Bond Cement (India) Private Limited. During the quarter, the company sold 249,343 MT of cement manufactured at the Hi-Bond plant, compared with 29,928 MT in the preceding quarter.
Despite the sharp increase in operational scale, geopolitical uncertainties disrupted global supply chains and increased input and logistics costs, resulting in pressure on margins and profitability.Â
key details
Operational Performance & Business Update
- Cement sales volume increased to 6.06 lakh tonnes, compared with 3.59 lakh tonnes in Q1 FY26.
- Revenue from operations grew 72.1% YoY to ₹337.27 crore.
- EBITDA increased 20.2% YoY to ₹30.28 crore.
- EBITDA per tonne declined to ₹500, reflecting higher production and logistics costs.
- Profit Before Tax stood at ₹9.15 crore.
- Profit After Tax was ₹6.83 crore.
- During the quarter, the company sold 249,343 MT of cement manufactured at the Hi-Bond plant under the Brand Usage, Supply and Distributorship Agreement.
- Management stated that the company maintained operational stability despite challenging geopolitical conditions affecting supply chains and input costs.
Note:
- The quarter highlights the company’s ability to significantly expand sales volumes and revenue despite an adverse cost environment.
- Increased cement dispatches under the Hi-Bond arrangement strengthened market presence, while management continues to focus on operational execution, supply chain management and disciplined capital allocation to support long-term growth.Â
Risk Analysis
Summary:
- Although demand and sales volumes improved substantially, profitability remained sensitive to external cost pressures arising from geopolitical uncertainties and higher logistics expenses.
Key Risks:
- Geopolitical developments disrupted global supply chains during the quarter.
- Higher input costs affected operating margins.
- Increased logistics costs reduced profitability despite higher revenue.
- EBITDA per tonne declined compared with the corresponding quarter last year.
- Future earnings will depend on the company’s ability to manage raw material and freight costs while sustaining volume growth.
Worst Case:
- If geopolitical disruptions continue to elevate input and logistics costs, margin pressure could persist even if sales volumes remain strong, limiting earnings growth in the coming quarters.
Risk Level: Medium
Company Commentary
- Management stated that the company maintained operational stability despite geopolitical uncertainties affecting global supply chains.
- Continued market expansion and strategic growth initiatives supported strong revenue growth during the quarter.
- The company remains confident in its long-term growth prospects, backed by operational capabilities, supply chain management, an expanding distribution network and disciplined capital allocation.
- Management believes these initiatives will position the company to deliver sustainable long-term value.Â
Official Exchange Filing: Shree Digvijay Cement Company Limited
