Shree Digvijay Cement soars with strong Q2, expansion plans

Shree Digvijay Cement Company Limited announced a significant performance improvement for the quarter and half year ended September 30, 2025. Sales volume grew 5% year-on-year (YoY), revenue increased by 11% YoY to INR 16,135 lakhs, and EBITDA saw a remarkable 129% YoY rise to INR 2,048 lakhs. Profit after tax for the quarter reached INR 1,023 lakhs, up from INR 40 lakhs in the previous year. The company's executive chairman, Anil Singhvi, attributed the positive results to improved performance despite intense monsoon challenges and a pre-GST rate cut, anticipating continued strong demand post-festive season starting November.

In a strategic move to boost manufacturing capabilities, Shree Digvijay Cement has doubled its cement production capacity to 3.0 million tons per annum (MTPA) by establishing a new Cement Grinding Plant at Sikka, effective October 1, 2025. Furthermore, the company's board has approved entering into a brand usage, supply, and distributorship agreement for Hi-Bond Cement (India) Private Limited, alongside an option to acquire 100% of Hi-Bond's equity shares. This expansion is supported by a refundable deposit of up to INR 400,00,00,000, secured by a first charge over Hi-Bond's assets and a pledge over 100% of its equity shares.

The financial results were reviewed by the Audit Committee and approved by the Board of Directors on October 17, 2025, with an unmodified conclusion from statutory auditors BSR and Co. The company maintains one reportable segment for cement manufacturing and sale at a standalone level, with an additional segment for logistics & trading at the group level.