Summary of Key Information:
Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026 (Q2 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting under SEBI Listing Regulations 30, 33 & 42
Date of Board Meeting / Approval: October 26, 2026 (03:15 PM to 03:45 PM)
Audit Opinion: Unqualified (Limited Review) - Nothing came to the auditors' attention to cause belief that the statements contain material misstatements.
Auditor’s Comment: Emphasis of Matter paragraphs included regarding pending legal proceedings with Bawri Group and bank/corporate guarantees provided pursuant to a Supreme Court order.
Key Financial Highlights [₹ Crore]
Standalone Results:
For the quarter ended September 30, 2026:
- Revenue from Operations: ₹111 Crore (Q2 FY26: ₹80 Crore; Q1 FY27: ₹108 Crore)
- Total Income: ₹115 Crore
- Net Profit: ₹15 Crore (Q2 FY26: ₹14 Crore; Q1 FY27: ₹23 Crore)
- EPS: ₹0.82 (Basic & Diluted)
For the half year ended September 30, 2026:
- Revenue from Operations: ₹219 Crore (H1 FY26: ₹155 Crore)
- Total Income: ₹237 Crore
- Net Profit: ₹38 Crore (H1 FY26: ₹47 Crore)
- EPS: ₹2.05 (Basic & Diluted)
Standalone Balance Sheet (as of September 30, 2026):
- Other Equity: ₹7,801 Crore (March 31, 2026: ₹7,837 Crore)
- Cash and Cash Equivalents: ₹0 Crore (March 31, 2026: ₹1 Crore)
- Total Debt: Not explicitly broken out. Lease Liabilities: ₹253 Crore (Non-current ₹231 Cr + Current ₹22 Cr)
Consolidated Results:
For the quarter ended September 30, 2026:
- Revenue from Operations: ₹3,563 Crore (Q2 FY26: ₹3,417 Crore; Q1 FY27: ₹3,890 Crore)
- Total Income: ₹3,609 Crore
- Net Loss: ₹(207) Crore attributable to owners of the parent (Q2 FY26: Profit of ₹236 Cr; Q1 FY27: Profit of ₹188 Cr)
- EPS from Continuing & Discontinued Operations: ₹(11.03) (Basic & Diluted)
For the half year ended September 30, 2026:
- Revenue from Operations: ₹7,453 Crore (H1 FY26: ₹7,053 Crore)
- Total Income: ₹7,638 Crore
- Net Loss: ₹(19) Crore attributable to owners of the parent (H1 FY26: Profit of ₹629 Cr)
- EPS from Continuing & Discontinued Operations: ₹(1.01) (Basic & Diluted)
Consolidated Balance Sheet (as of September 30, 2026):
- Other Equity: ₹17,823 Crore attributable to owners (March 31, 2026: ₹17,941 Crore)
- Cash and Cash Equivalents: ₹89 Crore (March 31, 2026: ₹212 Crore)
- Total Borrowings: ₹9,582 Crore (Non-current ₹8,432 Cr + Current ₹1,150 Cr)
- Lease Liabilities: ₹702 Crore (Non-current ₹639 Cr + Current ₹63 Cr)
Exceptional Items (Consolidated, Q2 FY27): A net exceptional loss of ₹339 Crore was recorded, comprising:
- ₹282 Crore impairment loss on certain assets (captive power plants and a brand).
- ₹57 Crore charge related to a employee separation scheme.
Segment-wise Performance:
The Group has only one reportable segment: "Cement and cement related products". The Holding Company (standalone) has only one reportable segment: "Management Services".
Corporate Actions:
- Dividend: Declared an interim dividend of ₹4/- (200%) per equity share (face value ₹2/- each) for FY 2026-27.
- Record Date: Friday, October 30, 2026, for determining entitlement for the interim dividend.
Other Significant Information:
- Acquisition: Dalmia Cement (Bharat) Limited (DCBL) acquired a cement business from Jaiprakash Associates Limited (JAL) and Adani Infra (India) Limited (AIIL) on a slump-sale basis for an enterprise value of ₹2,850 Crore on May 29, 2026. The business has an installed capacity of 5.2 MnTPA of cement, 3.3 MnTPA of clinker, and 99 MW of thermal power.
- Capex: Consolidated Capital Work-in-Progress stood at ₹5,193 Crore (Mar'26: ₹2,593 Crore). Purchase of PPE, CWIP, and intangibles was ₹1,420 Cr for H1 FY27.
- Entities in Consolidation: The consolidated results include 31 subsidiaries and 2 joint ventures.