Strong performance; focusing on cost optimization

Company
16 May 2024
5 Min read 
  • Shree Cement's 4QFY24 results update and financial snapshot
  •  Strong performance with focus on cost optimization and capacity expansion
  •  Neutral rating maintained with a target price of INR28,000
  •  Earnings beat estimates aided by lower costs and higher power revenues
  •  Plans to increase grinding capacity to 65.8mtpa by Mar25
  •  Cement demand expected to improve in 2HFY25, with stable or weak prices
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