Shree Cement Declares ₹70 Final Dividend for FY26 Amid Strong Q4 Performance
Dividend stocks: Shree Cement announces ₹70 final dividend for FY26 along with Q4 results
Mint
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Shree Cement, India's third-largest cement producer, announced a final dividend of ₹70 per share for FY26, bringing the total dividend to ₹150 per share, a 36% increase from FY25. In Q4 FY26, the company reported a revenue of ₹6,101 crore, driven by an 11% rise in cement sales volume.
- 01Shree Cement declared a final dividend of ₹70 per share for FY26.
- 02Total dividend for the year increased to ₹150 per share, up 36% from FY25.
- 03Q4 FY26 revenue reached ₹6,101 crore, up from ₹5,532 crore year-on-year.
- 04Net profit for Q4 FY26 was ₹1,292 crore, slightly down from ₹1,330 crore in Q4 FY25.
- 05The company expanded its operational capacity to 69.3 million tonnes per annum.
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Shree Cement, a leading player in India's cement industry, has declared a final dividend of ₹70 per share for FY26, in addition to an interim dividend of ₹80, resulting in a total dividend of ₹150 per share for the fiscal year. This represents a 36% increase from the ₹110 per share dividend paid in FY25. The announcement coincided with the company's Q4 FY26 results, where it reported a revenue of ₹6,101 crore, up from ₹5,532 crore in the same quarter last year, aided by an 11% growth in cement sales volume. The total sales volume, including clinker, rose 9.4% year-on-year. Despite a slight decrease in net profit to ₹1,292 crore from ₹1,330 crore in Q4 FY25, the company showed robust growth with a full-year revenue of ₹20,943 crore and net profit of ₹1,748 crore. Shree Cement is also expanding its ready-mix concrete (RMC) business, with plans to increase its operational plants from 26 to 36. The company’s total installed capacity now stands at 69.3 million tonnes per annum (MTPA), following the commissioning of new projects in Karnataka and upcoming expansions in Meghalaya. The outlook for the cement sector remains positive, driven by increased investments in infrastructure.
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The increase in dividend payout reflects Shree Cement's strong financial performance, potentially benefiting shareholders through higher returns. The company's expansion plans may also create job opportunities in the construction and manufacturing sectors.
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