Key Financial Figures (Q1 FY27)

  • Revenue from operations: ₹6,281.1 million (compared to ₹5,975.4 million in Q1 FY26)
  • Other income: ₹62.9 million
  • Total income: ₹6,344.0 million
  • Total expenses: ₹5,934.3 million (including cost of materials consumed: ₹1,284.9 million, employee benefits expense: ₹415.1 million, finance costs: ₹31.5 million, depreciation: ₹289.8 million, power and fuel: ₹1,670.1 million, freight: ₹892.9 million, other expenses: ₹1,295.5 million)
  • Profit before tax: ₹409.7 million
  • Tax expense: ₹129.8 million (current tax) and ₹(25.6) million (deferred tax)
  • Net profit for the period: ₹305.5 million (compared to ₹482.3 million in Q1 FY26)
  • Earnings per share (basic and diluted): ₹1.35
  • Paid-up equity share capital: ₹2,266.2 million (face value ₹10 per share)
  • Cash and bank balance as of 30 June 2026: ₹4,726 million

Operational Metrics

  • Sales volumes: 1,299 KT (3.6% increase YoY)
  • EBITDA: ₹668 million (24.5% decrease YoY)
  • EBITDA margin: 10.6% (decreased 418 bps YoY)
  • EBITDA per tonne: ₹514 (27.1% decrease YoY)
  • Alternate fuels share in energy mix: ~12%
  • Non-grid power consumption: >50% of total power consumption

Management Commentary

Revenue increased approximately 5% year-over-year, driven by a 3.6% increase in sales volumes and approximately 1.5% improvement in prices. On a per tonne basis, total operating cost including freight increased by approximately 6.4% year-over-year, primarily due to higher raw materials, power and fuel costs, mainly attributed to the West Asia situation.

Corporate Development

The Company received consent to establish from Madhya Pradesh Pollution Control Board for setting up a cement blending and grinding unit at Dongaliya Village in Khandwa District of Madhya Pradesh.

Governance Update

The Board approved the re-appointment of Ms. Jyoti Narang (DIN: 00351187) as an Independent Director for a second term of five consecutive years commencing from 18 August 2026 up to 17 August 2031, subject to shareholder approval. Ms. Narang holds a BA Economics (Honours) from Lady Shriram College, University of Delhi and an MBA in Finance from University of Delhi, with executive education from Harvard Business School, IMD Lausanne, and Wharton University of Pennsylvania.

Labour Code Implementation Impact

The Ministry of Labour & Employment implemented four Labour Codes effective 21 November 2025. The impact resulted in an increase of ₹80.4 million in liabilities for defined benefit obligation and compensated absences, with ₹34.8 million recognized during Q4 FY26 as exceptional items. For Q1 FY27, the Company assessed the impact of final Central Rules and concluded no material financial impact.