Shri Keshav Cements & Infra Ltd
Shri Keshav Cements & Infra Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
What the Q3 FY26 call signalled
1 of 3 strong
The short version
Cement dispatches are expected to improve in Q3 and Q4 of FY '26, although the anticipated uptick did not materialize as expected. The company targets a capacity utilization increase from 40% in FY '26 to 45-55% in FY '27, and up to 60% if market conditions improve. - At 60-70% utilization, EBITDA margins are expected to approximately double, reaching around INR 90-100 crores from INR 40-45 crores currently. - Higher utilization will also substantially improve profitability due to fixed costs remaining largely stable. - Cement volume growth was 32% in Q3 FY '26 vs.
From Shri Keshav Cements & Infra Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Cement dispatches are expected to improve in Q3 and Q4 of FY '26, although the anticipated uptick did not materialize as expected.
- Management targets 45% to 55% capacity utilization in FY '27 under current market conditions, potentially reaching 60% or higher with market improvement.
- FY '26 Q3 sales volume showed a 32% growth year-on-year, selling around 78,000 tons versus 58,960 tons in Q3 FY '25.
- The company plans to expand Ready-Mix Concrete (RMC) business starting in Belgaum after reaching at least 50% cement capacity utilization.
- Consolidation in the Southern market may lead to better pricing discipline and demand recovery in the future, aiding volume growth.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Shri Keshav Cements & Infra Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- The company has purchased land to set up a Ready-Mix Concrete (RMC) project in Belgaum, Karnataka, as a strategic investment to enter the RMC market.
- RMC expansion is expected to be considered after achieving more than 50% capacity utilization in cement, likely beyond FY '27.
- No immediate plans for cement plant capacity expansion were mentioned; management focuses on increasing utilization rather than capacity.
- Potential future investment in Alternative Fuels and Raw materials (AFR) utilization is being considered but might take 2-3 quarters.
2 more points management made on capital expenditure plans
Top-ranked in Cement & Cement Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Shri Keshav Cements & Infra Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
2 more points management made on order book & pipeline
Shri Keshav Cements & Infra Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹38 Cr, net loss ₹1 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Shri Keshav Cements & Infra Ltd's management said in earlier quarters
Others in Cement & Cement Products this season
- Prism Johnson Ltd (Q3 FY26)
Consolidated Revenue Q3 FY26: ₹1,759 Cr, up 5.9% YoY** (Page 35) . Key concall takeaways from Prism Johnson Ltd's Q3 FY26 earnings call — and how it ranks…
- The Ramco Cements Ltd (Q3 FY26)
Standalone: ₹2,119.10 Cr (7% YoY increase from ₹1,987.83 Cr in 3QFY25) [Page 15] . Key concall takeaways from The Ramco Cements Ltd's Q3 FY26 earnings call…
- JSW Cement (Q3 FY26)
Total volume sold grew 12.1% YoY to 9.98 mn MT in 9M FY26. Key concall takeaways from JSW Cement Ltd's Q3 FY26 earnings call — and how it ranks against sector…
- Star Cement Ltd (Q3 FY26)
CAPEX incurred ₹431 crore till Q3 FY26; planned ₹150 crore in Q4; FY27 CAPEX to be finalized. Key concall takeaways from Star Cement Ltd's Q3 FY26 earnings…
Frequently Asked Questions
What were Shri Keshav Cements & Infra Ltd Q3 FY26 results?
Cement dispatches are expected to improve in Q3 and Q4 of FY '26, although the anticipated uptick did not materialize as expected. The company targets a capacity utilization increase from 40% in FY '26 to 45-55% in FY '27, and up to 60% if market conditions improve. - At 60-70% utilization, EBITDA margins are expected to approximately double, reaching around INR 90-100 crores from INR 40-45 crores currently. - Higher utilization will also substantially improve profitability due to fixed costs remaining largely stable. - Cement volume growth was 32% in Q3 FY '26 vs.
What is Shri Keshav Cements & Infra Ltd share price analysis?
Shri Keshav Cements & Infra Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of N/A with a market cap of ₹179 Cr. Investors should review the full earnings analysis for detailed insights.
Is Shri Keshav Cements & Infra Ltd planning capital expenditure?
The company has purchased land to set up a Ready-Mix Concrete (RMC) project in Belgaum, Karnataka, as a strategic investment to enter the RMC market.
Keep Shri Keshav Cements & Infra Ltd on your radar — track it to get its next earnings analysis in your feed.
This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.