Key Financial Figures - Standalone (₹ in Crores)
Quarter Ended June 30, 2026:
- Revenue from operations: ₹3,866.12
- Other income: ₹40.07
- Total income: ₹3,906.19
- Total expenses: ₹3,483.06
- Profit before tax: ₹423.13
- Total tax expense: ₹132.13
- Profit after tax: ₹291.00
- Other Comprehensive Loss: ₹(0.12)
- Total Comprehensive Income: ₹290.88
- Basic and Diluted EPS: ₹37.66
Comparative Figures (Quarter Ended June 30, 2025):
- Revenue from operations: ₹3,190.08
- Profit after tax: ₹332.48
- Basic and Diluted EPS: ₹43.03
Year Ended March 31, 2026:
- Revenue from operations: ₹12,945.34
- Profit after tax: ₹1,033.34
- Basic and Diluted EPS: ₹133.73
Key Financial Figures - Consolidated (₹ in Crores)
Quarter Ended June 30, 2026:
- Revenue from operations: ₹4,070.89
- Other income: ₹0.00
- Total income: ₹4,070.89
- Total expenses: ₹3,664.82
- Profit before tax: ₹406.15
- Total tax expense: ₹131.53
- Profit after tax: ₹274.62
- Other Comprehensive Loss: ₹(0.01)
- Total Comprehensive Income: ₹274.61
- Basic and Diluted EPS: ₹35.91
Comparative Figures (Quarter Ended June 30, 2025):
- Revenue from operations: ₹3,408.97
- Profit after tax: ₹324.25
- Basic and Diluted EPS: ₹41.99
Year Ended March 31, 2026:
- Revenue from operations: ₹13,916.84
- Profit after tax: ₹987.99
- Basic and Diluted EPS: ₹128.44
Audit and Review Details
The Statutory Auditors, S.R. Batliboi & Co. LLP, issued:
1. Unmodified opinion on both standalone and consolidated financial results
2. Limited Review Report pursuant to Regulation 33 and 52 of Listing Regulations
3. Certificate on Security Cover, Compliance with all Covenants and book value of assets as at June 30, 2026
Emphasis of Matter - CCI Litigation
The auditors emphasized uncertainty regarding ongoing litigation with the Competition Commission of India:
Case 1:
- CCI order dated August 31, 2016 imposed penalty of ₹128.54 crores
- NCLAT upheld CCI's order on July 25, 2018
- CCI issued revised demand notice dated August 7, 2018 for ₹154.92 crores (penalty ₹128.54 crores + interest ₹26.38 crores)
- Appeal pending before Supreme Court with interim stay
Case 2:
- CCI order dated January 19, 2017 imposed penalty of ₹9.28 crores
- NCLAT stayed the operation of CCI's order
- Matter pending hearing before NCLAT
The Company believes it has a good case based on legal opinion and has not made any provision in the books.
Subsidiaries and Associates
The consolidated results include:
- 9 subsidiaries (5 located outside India)
- 2 associates (DCC Green Energy Private Limited and Rekart Green Energy Private Limited)
- Share in associates: ₹0.00 crores net loss for the quarter
Debt and Compliance Status
- Long-term rating maintained by CARE Ratings as CARE AA+ (Double A+)
- Company maintains more than 100% asset cover for secured NCDs
- Security cover ratio: 5.70 times (book value)
- Debt Service Coverage Ratio: 2.35 times (consolidated)
- Total Outside Liability/Total Net Worth: 0.90 times (consolidated)
Capital Structure
- Paid-up equity share capital: ₹77.27 crores (Face value ₹10 per share)
- Other Equity (excluding revaluation reserves): ₹6,883.41 crores (standalone), ₹6,959.98 crores (consolidated)
Board Meeting Details
- Meeting held on July 18, 2026
- Commenced at 12:38 PM (IST)
- Concluded at 2:00 PM (IST)
Historical Restatement
Pursuant to the Scheme of amalgamation of Toshali Cements Private Limited with effect from January 1, 2024, previous periods have been restated:
Quarter Ended June 30, 2025 (Restated vs Originally Reported):
- Revenue from Operations: ₹3,149.82 crores vs ₹3,190.08 crores
- Profit before tax: ₹501.17 crores vs ₹497.87 crores
- Profit after tax: ₹335.60 crores vs ₹332.48 crores
- Basic and Diluted EPS: ₹43.43 vs ₹43.03
Business Segment
The Company is engaged in one business segment only - cement and allied products.