India: Shree Cement’s revenue drops 3% y-o-y in Q1FY’25

Shree Cement Limited’s Q1FY’25 net revenue from operations dropped 3% y-o-y to INR 4,835 crore as against INR 4,971 crore in Q1FY’24. EBITDA edged lower by 2% on the year to INR 916 crore during the quarter from INR 933 crore in the CPLY. Meanwhile, sales volumes registered 8% y-o-y growth to 9.64 mnt in Q1 and sale of premium products stood at 7.6% of total trade sale volumes.