Shree Cement on October 16 posted better-than-expected revenues and profits for the quarter ended September. The company’s revenues were at Rs 1,324 crore and net profit at Rs 228 crore.Shree Cement’s cement business continues to do well on the back of strong demand and good realisations. While the management has not declared cement volume numbers, analysts peg the sales volumes at a little over three million tonne (mt), better than 2.5 mt in the year-ago quarter.Realisations, too, have been better than last year. Average cement per bag prices in northern, central and western India (where the company has presence) at Rs 293, Rs 286 and Rs 297, were much higher than last year’s Rs 247, Rs 229 and Rs 241 a bag, respectively.However, thanks to the monsoon, the September quarter performance was expectedly subdued as compared to the June quarter (sales volume of 3.4 mt). More, the June quarter was exceptionally outstanding in terms of realisations and sales volume for the industry.