Birla Corporation Q4 FY26 EBITDA Nears INR1,000 Crore

Birla Corporation reported Q4 FY26 EBITDA of nearly INR1,000 crore and annual EBITDA of ~INR800 crore on 4% volume growth.
Management outlined a INR4,300-4,753 crore capex plan to increase capacity from 21.5 to 27.5 MTPA by FY29, expecting peak net debt of ~INR4,000 crore.
Key operational improvements included blended cement mix rising to 88%, trade segment to 77%, and lead distance reduction to 337 km.
The Bikram coal block is expected to provide significant cost savings from FY27, with landed cost at INR1.0-1.05 vs market rate of INR1.45 per million kcal.