Interim report
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Shree Cement Limited Corporate office: DLF Epitome, Building No. 5, Tower B, 9th Floor, DLF Cyber City, Gurugram, Haryana - 122002 Tel.: +91-124-4699200 I www.shreecement.com I CIN: L26943RJ1979PLC001935 Registered Office: Bangur Nagar, Beawar, Rajasthan -305901 I Tel.: 01462-228101-06 I shreebwr@shreecement.com Group Corporate Office: 21 Strand Road, Kolkata, West Bengal - 700001 SCL/SE/2026-27/ 23rd October, 2026 National Stock Exchange of India Limited, Exchange Plaza, Bandra – Kurla Complex, Bandra (East) MUMBAI – 400 051 SCRIP CODE: SHREECEM EQ Debt Segment NCD ISIN: INE070A07061 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, MUMBAI – 400 001 SCRIP CODE 500387 Debt Segment NCD ISIN: INE070A07061 Sub: Approval of Un-Audited Financial Results for Quarter and Half Year ended 30 th September, 2026 Dear Sir/Madam, Pursuant to Regulations 30 and 52 of the Secu rities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulati ons, 2015 ("Listing Regulations"), Board of Directors of the Company in its meeting held today (i.e. 23 rd October, 2026) approved the Un- audited Financial Results (Standalone and Conso lidated) of the Company for Quarter and Half Year ended on 30 th September, 2026. Financial Results approved by the Board alongwith the Limited Review Reports of Statutory Auditors of the Company over the said financial results are enclosed herewith. The meeting of the Board started at 10:45 A.M. and concluded at 11:58 A.M. Kindly take the same on record. Thank you, Yours faithfully, For SHREE CEMENT LIMITED (S.S. KHANDELWAL) COMPANY SECRETARY ~111shree ~,1,1 Cement
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BR MAHESWARI ~co LLP CHARTERED ACCOUNTANTS M-118, Connaught Circus, New Delhi-110001 Phone : +91 (II) 4340 2222 Email: brmc@brmco.com INDEPENDENT AUDITORS' LIMITED REVIEW REPORT TO THE BOARD OF DIRECTORS OF SHREE CEMENT LIMITED 1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of SHREE CEMENT LIMITED ("the Company") for the quarter and six months ended on 30th September 2026 ("the Statement") being submitted by the Company pursuant to Regulation 33 and 52(4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("the Listing Regulations"). 2. This Statement, which is the responsibility of the Company's management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34 "), prescribed under Section 133 of the Companies Act, 2013, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review in accordance with the Standard on Review Engagements (SRE) 2410, ' Review of Interim Financial Information Performed by the Independent Auditor of the Entity ', issued by the Institute of Chartered Accountants of India . This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of company personnel and an analytical procedure applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly , we do not express an audit opinion . 4. Based on our review conducted as above , nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with applicable accounting standards and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of the Listing Regulations including the manner in which it is to be disclosed , or that it contains any material misstatement. For B R Maheswari & Co LLP Chartered Accountants Firms' Registration No.001035N/N500050 AkshayMa Partner * Membership No. 5047 ~q,. UDIN : 26504704MWC •• ~~-;;,~~:_,x-:; ____ ,,,, Hyderabad, 23rd October, 202
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-,f. Shree ..,.. Cement SHREE CEMENT LIMITED Regd. Office : Bangur Nagar, Beawar -305901, (Rajasthan ) Phone: EPABX 01462 228101-6 , Fax: 01462 228117/119 e-mail: share@shreecement.com Website: www .shreecement.com CIN: L2694JRJ 1979PLC001935 STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED ON 30TH SEPTEMBER, 2026 Rs. in Crore Quarter ended Six Months ended Year ended S.N. PARTICULARS Revenue rrom Operations II Other Income Ill Total Income (1+11) IV Expenses (a) Cost of Materials Consumed (b) Purchases of Stock-in-Trade (c) Changes in Inventories of Finished Goods, Stock-in-Trade and Work-in Progress (d) Employee Benefits Expenses (e) Finance Costs (f) Depreciation and Amortisation Expenses (g) Power and Fuel (h) Freight and Forwarding Expenses (i) Other Expenses Total Expenses Earnings before Interest, Taxes, Depreciation and Amortisation (EBITDA) V Profit Before Tax (Ill - IV) VI Tax Expense (a) Current Tax (b) Deferred Tax Charge/(Credit) Total (a to b) VII Profit for the Period (V-VI) VIII Other Comprehensive Income a(i) Items that will not be Reclassified to Profit or Loss a(ii) Income Tax relating to Items that will not be Reclassified to Profit or Loss b(i) Items that will be Reclassified to Profit or Loss b(ii) Income Tax relating to Items that will be Reclassified to Profit or Loss Other Comprehensive lncome/(Loss) for the Period IX Total Comprehensive Income for the Period (Vll+VIII) X Paid-up Equity Share Capital (Face value Rs.10 per share) XI Other Equity XII Earnings Per Share (EPS) (of Rs. 1 O each) - Not Annualized Cash (in Rs.) Basic and Diluted (in Rs.) 1--3-o-.o-9-_2_0_26~-3-0-.0-6.-2-02- 6~-30-_-09 ___ 20_2_5-+- 3-o-.o-9-_2-o-2-6 ~-3-o-.o-9_-2-02-5--1 31 -03-2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Page 1 5107.44 5622.68 4303.20 10730.12 9251.18 105.71 5213.15 569.17 65.92 (105.06) 285.68 56.86 596.07 1626.91 1021.08 794.34 4910.97 955.11 302.18 139.38 (42.53) 96.85 205.33 9.37 (3.27) 4.49 (1.57) 9.02 214.35 36 08 210.33 56.91 201 .39 5824.07 584.86 155.64 (68.99) 288.05 55.48 586.19 1481.25 1307.03 800.38 5189.89 1275.85 634.18 237.08 (40.89) 196.19 437.99 11 .50 (4.02) (27.56) 9.63 (10.45) 427.54 36.08 272.52 121.39 156.96 307.10 358.01 4460.16 11037.22 9609.19 373.64 191.27 (25.12) 256.95 50.72 554.85 1039.73 942.43 672.96 4057.43 1008.30 402.73 116.53 9.06 125.59 277.14 2.00 (0.70) 48.31 (16.88) 32.73 309.87 36.08 233.10 76.81 1154.03 221.56 (174.05) 573.73 112.34 1182.26 3108.16 2328.11 1594.72 10100.86 2230.96 936.36 376.46 (83.42) 293.04 643.32 20.87 (7.29) (23.07) 8.06 (1 .43) 641.89 36.08 482.85 178.30 792.13 361 .08 (53.51) 511.43 95.28 1107.27 2185.85 2026.47 1347.32 8373.32 2438.42 1235.87 340.63 (0.41) 340.22 895.65 5.00 (1 .75) 61 .49 (21 .49) 43.25 938.90 36.08 555.01 248.23 19310.52 596.83 19907.35 1661.21 878.52 (0.53) 1105.58 207.71 2331.92 4397.78 4399.55 2677.17 17658.91 4788.07 2248.44 516.72 25.47 542.19 1706.25 70.55 (24.65) 96.42 (33.69) 108.63 1814.88 36.08 22475.52 1,126.26 472.90
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Notes: 1 Standalone Statement of Assets and Liabilities : Rs. in Crore As at As at S.N. Particulars 30.09.2026 31 .03.2026 (Unaudited) (Audited) ASSETS (1) Non-Current Assets (a) Property, Plant and Equipment 7069.47 7641 .84 (b) Capital Work -in-Progress 1104.08 1053.67 (c) Intangible Assets 87.41 87.16 (d) Right of Use Assets 690.31 646.62 (e) Financial Assets (i) Investments 7054.71 6320.40 (ii) Loans 3.08 3.26 (iii) Other Financial Assets 181 .90 175.18 (f) Deferred Tax Assets (Net) 757.01 663.55 (g) Non-Current Tax Assets (Net) 156.05 156.05 (h) Other Non-Current Assets 603.23 536.04 Sub-total 17707.25 17283.77 (2) Current Assets (a) Inventories 2946.73 2332.76 (b) Financial Assets (i) Investments 6422.63 7768.02 (ii) Trade Receivables 1329.40 1012.69 (iii) Cash and Cash Equivalents 6.54 12.47 (iv) Bank Balances other than (iii) above 186.61 171.34 (v) Loans 2.77 2.83 (vi) Other Financial Assets 904.52 268.44 (c) Other Current Assets 1329.76 1242.81 Sub-total 13128.96 12811.36 Total Assets 30836.21 30095.13 EQUITY AND LIABILITIES Equity (a) Equity Share Capital 36.08 36.08 (b) Other Equity 22861 .24 22475.52 Total Equity 22897.32 22511.60 LIABILITIES (1) Non-Current Liabilities (a) Financial Liabilities (i) Borrowings 730.07 728.88 (ii) Lease Liabilities 167.40 120.40 (iii) Other Financial Liabilities 32.81 53.08 (b) Provisions 12.48 12.24 (c) Other Non-Current Liabilities 46.26 49.64 Sub-total 989.02 964.24 (2) Current Liabilities (a) Financial Liabilities (i) Borrowings 1068.14 864.30 (ii) Lease Liabilities 93.49 80.95 (iii) Trade Payables (A) Total Outstanding Dues of Micro and Small Enterprises 27.35 17.99 (8) Total Outstanding Dues of Creditors other than Micro 1228.03 1362.89 and Small Enterprises (iv) Other Financial Liabilities 2406.21 2203.28 (b) Other Current Liabilities 1565.26 1623.50 (c) Provisions 3.04 3.40 (d) Current Tax Liabilities (Net) 558.35 462.98 Sub-total 6949.87 6619.29 Total Equity and Liabilities 30836.21 30095.13 Page 2
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2 Standalone Statement of Cash Flow : Particulars A Cash Flow from Operating Activities Profit Before Tax Adjustments For : Depreciation and Amortisation Expenses Foreign Exchange Rate Differences (Net) Debit Balances Written Off Allowance for Doubtful Trade Receivables (Net) Net (Gain)/Loss on Sale of Investments and Buyback (Gain)/Loss on Fair Value of Investments through Profit or Loss Interest Income Dividend Income on Redeemable Preference Shares of Subsidiary Company Dividend Income from Subsidiary Company Loss/(Profit) on Sale of Property, Plant and Equipment (Net) I Assets Written Off Finance Costs Operating Profit Before Working Capital Changes Adjustments For : (Increase) I Decrease in Trade and Other Receivables (Increase) I Decrease in Inventories Increase I (Decrease) in Trade & Other Payables and Provisions Cash Generated From Operations Direct Taxes Paid (Net of Refunds) Net Cash Flow from Operating Activities (A) B Cash Flow From Investing Activities Purchase of Property, Plant and Equipment (Including Capital Wonk-in Progress and Capital Advances) Proceeds from Sale of Property, Plant and Equipment Payments for Intangible Assets (Purchases) I Proceeds of Investments in Mutual Funds (Net) Purchases of Other Investments Proceeds from Sale/ Redemption of Other Investments Investment made in Subsidiary Companies Investments in Bank Deposits Maturity of Bank Deposits Change in Earmarked Balances with Banks Dividend Received from Subsidiary Company Interest Received Net Cash Used in Investing Activities (B) C Cash Flow from Financing Activities Repayment of Lease Liabilities (including Interest) Proceeds I (Repayment) of Short Term Borrowings (Net) (upto Three months maturity) Interest and Financial Charges Paid Dividend Paid Net Cash Used in Finan cing Act ivi ties (C) Net lncrease /(Decrease) in Cash and Cash Equ ivalents (A+B+C) Cash and Cash Equivalents as at the beginning of the Year # Cash and Cash Equ ivalents as at the end of the Period# #Cash and Cash Equivalents are net of Bank Overdraft. Rs. in Crore For Six Months ended 30.09.2026 30.09.2025 (Unaudited) (Unaudited) 1182.26 0.68 2.58 2.42 (25.00) (105.21) (144.96) (22.56) (6.11) 112.34 (544.72) (613.98) 140.29 (606.72) 9.83 (5.72) 431 .70 (1500.31) 1244.14 (1.02) Page 3 (28.06) 28.12 2.66 60.57 (88.24) 215.55 (129.95) (252.77) 936.36 996.44 1932.80 (1018.41) 914.39 (288.39) 626.00 (364.81) (255.41) 5.78 0.08 5.86 1107.27 (0.38) 0.32 (2.33) (207.99) (122.13) (28.50) 26.24 95.28 (597.65) (105.64) (454.29) (827.44) 4.29 (25.06) 166.82 (676.67) 243.41 (430.53) (56.40) 40.52 (9.38) 28.50 83.25 (91 .80) 1023.61 (113.56) (216.32) 1235.87 867.78 2103.65 (1157.58) 946.07 (193.82) 752.25 (1458.69) 601.93 (104.51) 96.53 (7.98)
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3 The above results were taken on record at the meeting of the Board of Directors held on 23rd October , 2026. The above results have been reviewed by the Statutory Auditors. 4 The Company is primarily engaged in the manufacture and sale of cement and cement related products . There are no separate reportable segments as per Ind AS 108, "Operating Segments". 5 Additional disdosures as per Clause 52(4) of Securities and Exchange Board of India (Listing Obligations and Disdosures Requirements) Regulations, 2015 are as under:- Quarter ended Six Months ended Year ended S.N. Particulars 31 .03.2026 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 (a) Debt Equity Ratio (Long Term Debt + Short Term Debt) I (Net Worth) 0.08 0.07 0.08 0.08 0.08 0.07 (b) Debt Service Coverage Ratio [(Profit Before Tax + Finance Cost + 16.80 23.00 19.88 19.86 25.59 23.05 Depreciation) I (Finance Cost+ Term Loan Repayment)] (c) Interest Service Coverage Ratio [(Profit Before Tax + Finance Cost + 16.80 23.00 19.88 19.86 25.59 23.05 Depreciation)/ Finance Cost) (d) Debenture Redemption Reserve (e) Net Worth (Rs. in Crore) 22,897.32 22,942.84 21 ,928.31 22,897.32 21 ,928.31 22,511 .60 (f) Current Ratio (Current Assets/Current Liabilities) 1.89 1.95 1.88 1.89 1.88 1.94 (g) Long term Debt to Working Capital [(Long Term Borrowings (incl. 0.12 0.11 0.13 0.12 0.13 0.12 Current Maturities)) I (Current Assets - Current Liabilities exduding Current Maturities of Long Term Debt)] (h) Bad Debts to Trade Receivable Ratio (Bad Debts I Average Trade Receivable) (i) Current Liability Ratio (Current Liabilities/ Total Liabilities) 88% 87% 86% 88% 86% 87% G) Total Debts to Total Assets [(Long Term Borrowings+ Short Term 6% 5% 6% 6% 6% 5% Borrowings)/ Total Assets) (k) Debtors Turnover (Times) (Gross Revenue from Operations/Average 16.79 20.62 15.74 21 .34 21 .05 26.13 Trade Receivable) (annualised) (/) Inventory Turnover (Times) (Revenue from Operations/Average 6.64 8.13 8.49 8.13 8.69 8.76 Inventory) (annuali sed) (m) Operating Margin [(Profit Before Tax +Finance Cost +Depreciation ) /( 19% 23% 23% 21 % 26% 25% Revenue from Operations )) (n) Net Profit Margin (Net ProfiVRevenue from Operations) 4% 8% 6% 6% 10% 9% 6 7 .80% Secured Redeemable Non-Convertible Non-Cumulative Debentures issued by the Company are fully secured by first pari-passu charge by way of equitable mortgage over the specific immovable property of the Company and first pari-passu charge by way of hypothecation over movable fixed assets of the Company . 7 Previous period figures have been regrouped wherever necessary . By order of the Board For SHREE CEMENT LI MITED Place: Hyderabad ~vy' Date: 23rd October, 2026 (Ne'?:z Akhoury) Managing Director DIN: 07419090 For details e-mail at : subhash.iaioo@shreecement.com Visit us on wvm.shreecement.com Page 4
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BR MAHESWARI &_CO LLP M-118, Connaught Circus, New Delhi-110001 Phone: +91 (II) 4)40 2222 Email: brmc@brmco .com CHARTERED ACCOUNT ANTS INDEPENDENT AUDITORS' LIMITED REVIEW REPORT To The Board of Directors of Shree Cement Limited 1. We have reviewed the accompanying Statement of unaudited consolidated financial results of Shree Cement Limited ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group"), for the quarter and six months ended on 30th September, 2026 ("the Statement"), being submitted by the Parent pursuant to the requirements of Regulation 33 and 52(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the Listing Regulations") . 2. This Statement, which is the responsibility of the Parent's management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33 (8) of the Listing Regulations, to the extent applicable. 4. The Statement includes the results of the following entities: 1 2 3 4 5 Shree Cement Limited Parent Subsidiaries Shree Global FZE Direct Subsidi CompanyL__ _________ -i Shree International Holding Ltd. (Step-down Subsidiary CompanyL___ __ _ Shree Ente rises Management Ltd. (Step-down Subsidiary Com any-<--__ Union Cement Com an (PrJSC) (Step-down Subsidiary Company} ___ ---1 Shree Cement Mauritius Limited Direct Subsidi Com an L__ ___ __J
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6 Raipur Handling and Infrastructure Private Limited (Direct Subsidiary Company2 7 Shree Cement East Private Limited (Direct Subsidiary Com12any} 8 Shree Cement South Private Limited (Direct Subsidiary Company) 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors and management referred to in paragraphs 6 and 7 below, nothing has come to our attention that causes us to believe that the accompanying Statement , prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of the Listing Regulations , including the manner in which it is to be disclosed , or that it contains any material misstatement. 6. We did not review the interim financial results of four subsidiaries included in the Statement , whose interim financial results reflect total assets of Rs. 5296.96 crore as at 30th September 2026 and revenue from operations of Rs. 721.16 crore and Rs.1317.17 crore, total net profit /(loss) after tax of Rs.114.42 crore and Rs. 251.26 crore and total comprehensive income /(loss) of Rs. 179.34 crore and Rs. 313.53 crore, for the quarter ended 30th September 2026 and for the period from 1st April 2026 to 30th September 2026, respectively , and cash flows of Rs. (62.17) crore for the period from 1st April 2026 to 30th September 2026, as considered in the Statement. These have been reviewed by other auditors whose reports have been furnished to us by the Management and our conclusion on the Statement , in so far as it relates to the amounts and disclosures included in respect of these subsidiaries , is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above. We did not review the interim financial results of one subsidiary included in the Statement , whose interim financial results reflect total assets of Rs. 0.71 crore as at 30th September 2026 and revenue from operations is Rs NIL and Rs. NIL , total net profit /(loss) after tax of Rs. (0.32) crore and Rs. (0.32) crore and total comprehensive income /(loss) of Rs. (0.33) crore and Rs . (0.33) crore, for the quarter end~d 30th September 2026 and for the period from I st April 2026 to 30th September 2026 , respectively , and cash flows of Rs. 0.67 crore for the period from 1st April 2026 to 30th September 2026, as considered in the consolidated unaudited financial results. These interim financial results have not b~en reviewed by their auditors and have been furnished to us by the management and our conclusion on the Statement , in so far as it relates to the amounts and disclosures included in respect of this subsidiary, is based solely on these interim financial results and the procedures performed by us as stated in paragraph 3 above. According to the information and explanations given to us by the Management, these interim financial results are not material to the Group. Our conclusion on the Statement is not modified in respect of the above matters . These subsidiaries are located outside India whose financial results have been prepared in accordance with accounting principles generally accepted in their respective countries and which have been reviewed by other auditors under generally accepted auditing standards applicable in their respective countries. The Company's
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management has converted the financial results of such subsidiaries located outside India from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. We have reviewed these conversion adjustments made by the Parent Company's management. Our opinion in so far as it relates to the financial results of such subsidiaries located outside India is based on the report of other auditors and the conversion adjustments prepared by the management of the Parent Company and reviewed by us. 7. We did not review the interim financial results of three subsidiaries included in the Statement , whose interim financial results reflect total assets ofRs .1801.08 crore as at 30th September 2026 and revenue from operations of Rs. 257.47 crore and Rs. 540.90 crore, total net profit /(loss) after tax of Rs. (56.10) crore and Rs. (105 .73) crore and total comprehensive income /(loss) of Rs. (56.10) crore and Rs. (105.73) crore, fortht? quarter ended 30th September 2026 and for the period from 1st April 2026 to 30th September 2026, respectively, and cash flows of Rs. 2.07 crore for the period from 1st April 2026 to 30th September 2026, as considered in the consolidated unaudited financial results. These interim financial results have not been reviewed by their auditors and have been furnished to us by the management and our conclusion on the Statement , in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on these interim financial results and the procedures performed by us as stated in paragraph 3 above . According to the information and explanations given to us by the Management , these interim financial results are not material to the Group . Our conclusion on the Statement is not modified in respect of the above matters. For B R Maheswari & Co LLP Chartered Accountants Firms ' Registration No.001035N/N500050 ~~ ~ Akshay Maheshwari ' -2 ,, /, Partner Membership No. 504704 UDJN: 26504704IUUUBX2095 Hyderabad , 23rd October , 2026
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~ Shree Cement SHREE CEMENT LIMITED Regd. Office : Bangur Nagar, Beawar -305901, (Rajasthan) Phone: EPABX 01462 228101-6 , Fax: 01462 228117/119 e-mail: share@shreecement.comWebsite : www .shreecement.com CIN: L26943RJ1979PLC001935 STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED ON 30TH SEPTEMBER , 2026 Rs. in Crore Quarter ended Six Months ended Year ended S.N. PARTICULARS 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31 .03.2026 /Unaudited I /Unaudited I /Unaudited I IUnauditedl /Unauditedl (Audited) I Revenue from Operations 5896.51 6233.13 4761 .07 12129.64 10041.95 20943.47 II Other Income 112.47 211 .71 178.92 324.18 414.15 660.83 Ill Total Income (1+11) 6008.98 6444.84 4939.99 12453.82 10456.10 21604.30 IV Expenses (a) Cost of Materials Consumed 725.43 733.64 476.85 1459.07 989.36 2113.35 (b) Purchases of Stock-in-Trade 0.42 47.29 0.90 47.71 1.30 84.44 (c) Changes in Inventories of Finished Goods , Stock-in-Trade and Work-in - (97.14) (152.47) 33.20 (249.61) (41 .83) (37.75) Progress (d) Employee Benefits Expenses 345.12 354.80 303.55 699.92 605.12 1302.34 (e) Finance Costs 58.67 56.86 51 .40 115.53 96.93 211 .72 (f) Depreciation and Amortisation Expenses 702.83 685.96 667.86 1388.79 1321.67 2793.96 (g) Power and Fuel 1843.25 1645.32 1184.06 3488.57 2493.82 5020.07 (h) Freight and Forwarding Expense s 1159.97 1435.08 1028.88 2595.05 2192.78 4773 .72 (i) Other Expenses 903.19 897.27 759.67 1800.46 1494.84 3049.44 Total Expenses 5641.74 5703.75 4506.37 11345.49 9153.99 19311.29 Earnings before Interest, Taxes, Depreciation and Amortisation (EBIT DA) 1128.74 1483.91 1152.88 2612.65 2720.71 5298.69 V Profit Before Tax (Ill - IV) 367.24 741.09 433.62 1108.33 1302.11 2293.01 VI Tax Expense (a) Current Tax 157.55 259.53 130.73 417.08 366.35 577.44 (b) Deferred Tax Charge/(Credit) (53.77) (49.17) (6.93) (102.94) (17.72) (33.12) (c) Tax Expense Relating to Earlier Years (Net) - (0.39) (0.39) 0.03 Total (a to c) 103.78 209.97 123.80 313.75 348.63 544.35 VII Profit for the Period (V-Vl) 263.46 531.12 309.82 794.58 953.48 1748.66 ProfiU(Loss) attributable to : Owners of the Company 261 .82 529.19 308.51 791 .01 951 .17 1743.56 Non-Controlling Interest 1.64 1.93 1.31 3.57 2.31 5.10 VIII Other Comprehensive Income a(i) llems that will not be Redassified to Profit or Loss 9.37 11 .50 2.00 20.87 5.00 71 .02 a(ii) Income Tax relating to Items that will not be Reclassified to Profit or Loss (3.27) (4.02) (0.70) (7.29) (1.75) (24.75) b(i) Items that will be Reciassified to Profit or Loss 69.40 (30.21) 183.43 39.19 195.06 489.53 b(ii) Income Tax relating to Items that will be Redassified to Profit or Loss (1 .57) 9.63 (16.88) 8.06 (21.49) (33.69) Other Comprehens ive lncome/(Loss) for the Period 73.93 (13.10) 167.85 60.83 176.82 502.11 Other Comprehensive lncome/(Loss) attributable to : Owners of the Company 73.20 (13.07) 166.24 60.13 175.23 497.63 Non-Controlling Interest 0.73 (0.03) 1.61 0.70 1.59 4.48 IX Total Comprehensive Income for the Period (Vll+Vlll) 337.39 518.02 477.67 855.41 1130.30 2250.77 Total Comprehensive lncome/(Loss) attributable to : Owners of the Company 335.02 516.12 474.75 851 .14 1126.40 2241.19 Non-Contr olling Interest 2.37 1.90 2.92 4.27 3.90 9.58 X Paid-up Equity Share Capital (Face value Rs.10 per share) 36.08 36.08 36.08 36.08 36.08 36.08 XI Other Equity 23231.45 XII Earnings Per Share (EPS) (of Rs.10 each) - Not Annualized Cash (in Rs.) 252.30 323.00 268.55 575.30 624.73 1,247.83 Basic and Diluted (in Rs.) 72.56 146.67 85.50 219.23 263.62 483.24 Page S
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Notes: 1 Consolidated Statement of Assets and Liabilities : Rs. in Crore As at As at S.N. Particulars 30.09.2026 31 .03.2026 I Unaudited) (Audited) ASSETS (1) Non-Current Assets (a) Property, Plant and Equipment 10097.92 10369.53 (b) Capital Work -in-Progress 1283.73 1466.27 (c) Intangible Assets 116.57 117.03 (d) Right of Use Assets 772.81 720.75 (e) Financial Assets (i) Investments 2971 .77 1918.95 (ii) Loans 3.13 3.35 (iii) Other Financial Assets 174.87 192.46 (f) Deferred Tax Assets (Net) 917.83 806.02 (g) Non-Current Tax Assets (Net) 158.09 158.81 (h) Other Non-Current Assets 742.31 620.03 Sub-total 17239.03 16373.20 (2) Current Assets (a) Inventories 3620.96 2774.30 (b) Financial Assets (i) Investments 6750.22 8352.60 (ii) Trade Receivables 2216.22 1826.88 (iii) Cash and Cash Equiva lents 57.61 114.92 (iv) Bank Balances other than (iii) above 216.30 226.87 (v) Loans 2.86 2.94 (vi) Other Financial Assets 945.41 330.62 (c) Other Current Assets 1602.72 1473.36 Sub-total 15412.30 15102.49 Total Assets 32651.33 31475.69 EQUITY AND LIABILITIES Equity (a) Equity Share Capital 36.08 36.08 (b) Other Equity 23826 .33 23231.45 Total Equity attributable to Owners of the Company 23862 .41 23267.53 Non-Controlling Interest 50.85 46.58 Total Equity 23913.26 23314.11 LIABILITIES (1) Non-Current Liabilities (a) Financial lia bilities (i) Borrowings 730.07 728.88 (ii) Lease Liabilities 259.59 261 .07 (iii) Other Financial Liabilities 34.61 60.70 (b) Provisions 42.21 39,63 (c) Deferred Tax Liabilities (Net) 27.17 27.98 (d) Other Non-Current Liabilities 50.56 54.04 Sub-total 1144.21 1172.30 (2) Current Liabilities (a) Financial Liabilities (i) Borrowings 1103.74 864.84 (ii) Lease Liabilities 85.66 13.35 (iii) Trade Payables (A) Total Outstanding Dues of Micro and Small Enterprises 27.37 18.51 (8) Total Outstanding Dues of Creditors other than Micro and Small Enterprises 1597.16 1603.12 (iv) Other Financial Liabilities 2494.29 2271.41 (b) Other Current lia bilities 1609.86 1678.36 (c) Provisions 16.91 16.99 (d) Current Tax Liabilities (Net) 658.87 522.70 Sub-total 7593.86 6989.28 Total Equity and liabilit ies 32651.33 31475.69 Page6
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2 Consolidated Statement of Cash Flow : Particulars A Cash Flow from Operating Activities Profit Before Tax Adjustments For : Depreciation and Amortisation Expenses Foreign Exchange Rate Differences (Net) Debit Balances Written Off Allowance for Doubtful Trade Receivables (Net) Net (Gain)/Loss on Sale of Investments (Gain)/Loss on Fair Value of Investments through Profit or Loss Interest Income Dividend Income on Investment classified at Fair Value through Profit or Loss Loss/(Profit) on Sale of Property, Plant and Equipment (Net) / Assets Written Off Finance Costs Operating Profit Before Work ing Capital Changes Adjustments For : (Increase) / Decrease in Trade and Other Receivables (Increase)/ Decrease in Inventories Increase/ (Decrease) in Trade & Other Payables and Provisions Cash Generated From Operat ions Direct Taxes Paid (Net of Refunds) Net Cash Flow from Operating Activit ies (A) B Cash Flow From Inves tin g Activities Purchase of Property, Plant and Equipment (Including Capital Work-in Progress and Capital Advances) Proceeds from Sale of Property, Plant and Equipment Payments for Intangible Assets (Purchases)/ Proceeds of Investments in Mutual Funds (Net) Purchases of Other Investments Proceeds from Sale/ Redemption of Other Investments Investments in Bank Deposits Maturity of Bank Deposits Change in Earmarked Balances with Banks Dividend Received Interest Received Net Cash Used in Investing Activities (B) C Cash Flow from Financing Activities Repayment of Lease Liabilities (Including Interest) Proceeds / (Repayment) of Short Term Borrowings (Net) (upto Three months maturity) Interest and Financial Charges Paid Dividend Paid Net Cash Used in Financing Activities (C) Net lncrease/(Oecrease) in Cash and Cash Equivalents (A+B+C) Cash and Cash Equivalents as at the beginning of the Year# Add: Effect of exchange rate on consolidation of Foreign Subsidiaries Cash and Cash Equ ivalents as at the end of the period # #Cash and Cash Equivalents are net of Bank Overdrafts. Page 7 Rs. in Crore For Six Months ended 30.09.2026 (Unaudited) 1388.79 0.68 2.58 2.42 (29.66) (108.65) (175.82) (6.30) 115.53 1108.33 1189.57 2297.90 (631.73) (840.10) 261 .39 (888.61) 10.33 (6.05) 440.01 (1903.76) 1601.29 (36.57) 31 .43 35.11 87.52 (83.64) 244.15 (131 .25) (252.77) (1210.44) 1087.46 (288.30) 799.16 (629.30) (223.51) (53.65) 101.99 1.79 50.13 30.09.2025 (Unaudited) 1321.67 (0.38) 0.32 2.33 (4.03) (216.11 ) (1 46.42) (0.12) (23.41) 96.93 (617.49) (107.10) (456.39) (960.33) 90.68 (31.45) (166.06) (724.06) 252.60 (72.53) 62.92 (9.38) 0.12 104.45 (81 .31) 1023.60 (114.35) (216.32) 1302.11 1030.78 2332.89 (1 ,180.98) 1151.91 (194.26) 957.65 (1453.04) 611.62 116.23 131 .99 9.91 258.13
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3 The above results were taken on record at the meeting of the Board of Directors held on 23rd October, 2026. The above results have been reviewed by the Statutory Auditors. 4 The Holding Company and Its Subsidiaries (the 'Group') are primarily engaged in the manufacture and sale of cement and cement related products . There are no separate reportable segments as per Ind AS 108, "Operating Segments". 5 Additiona l disclosures as per Clause 52(4) of Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations , 2015 are as under:- Quarter ended Six Months ended Year ended S.N. Particulars 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31 .03.2026 (a) Debt Equity Ratio (Long Term Debt + Short Term Debt ) I (Net Worth ) 0.08 0.07 0.08 0.08 0.08 0.07 (b) Debt Service Coverage Ratio [(Profit Before Tax + Finance Cost + 19.24 26.10 22.43 22.61 28.07 25.03 Depreciation)/ (Finance Cost+ Term Loan Repayment)] (c) Interest Service Coverage Ratio [(Profit Before Tax+ Finance Cost+ 19.24 26.10 22.43 22.61 28.07 25.03 Depreciation)/ Finance Cost] (d) Debenture Redemption Reserve - (e) Net Worth (Rs. in Crore) 23,862.41 23,787.36 22,442.17 23,862.41 22.442.17 23,267.53 (f) Current Ratio (Current Assets/Current Liabilities) 2.03 2.13 2.11 2.03 2.11 2.16 (g) Long term Debt to Working Capital [(Long Term Borrowings (incl. 0.09 0.09 0.10 0.09 0.10 0.09 Current Maturities)) I (Current Assets - Current Liabilities excluding Current Maturities of Long Term Debt)] (h) Bad Debts to Trade Receivable Ratio (Bad Debts / Average Trade Receivable) (i) Current Liability Ratio (Current Liabilities/ Total Liabilities) 87% 86% 85% 87% 85% 86% U) Total Debts to Total Assets [(Long Term Borrowings+ Short Term 6% 5% 6% 6% 6% 5% Borrowings)/ Total Assets] (k) Debtors Turnover (Times ) (Gross Revenue from Operation s/Averag e 11 .63 13.37 11 .64 16.02 14.23 15.49 Trade Receivable) (annualised) (I) Inventory Turnover (Times) (Revenue from Operations/Average 6.46 7.72 7.83 7.59 8.02 8.03 Inventory) (annualised) (m) Operating Margin [(Profit Before Tax +Finance Cost +Depreciat ion) /( 19% 24% 24% 22% 27% 25% Revenue from Ooerations\l (n) Net Profit Margin (Net ProfiURevenue from Operations) 4% 9% 7% 7% 9% 8% 6 7.80% Secured Redeemable Non-Convertible Non-Cumulative Debentures issued by the Company are fully secured by first pari-passu charge by way of equitable mortgage over the specific immovable property of the Company and first pari-passu charge by way of hypothecation over movable fixed assets of the Company. 7 Previous period figures have been regrouped wherever necessary . By order of the Board For SHREE CEMENT LIMITED Place: Hyderabad ~vi?' Date: 23rd October , 2026 (Ne~ khoury) Managing Director DIN: 07419090 For details e-mail at : subhash.iaioo@shreecement.com Visit us on www.shreecement.com Page 8