• Event Type: Q2 & H1 FY27 Results Conference Call held on 2nd November 2026 to discuss unaudited Stand-alone and Consolidated financial results for the second quarter and half year ended 30th September 2026.
  • Date and Time: The earnings call was held on 2nd November 2026 (time not specified in the transcript).
  • Purpose: Discussion of quarterly results, market overview, operational performance, and future outlook following the announcement of Q2 FY27 financial results.
  • Management Participants: Mr. Sreekanth Reddy (Joint Managing Director), Mr. K. Prasad (Chief Financial Officer), Mr. Rajesh Singh (Chief Marketing Officer), and Mr. Raja Reddy (Company Secretary). Gavin Desa from CDR India provided opening comments and moderation.
  • Presentation Availability: The transcript indicates that a financial presentation was sent to participants along with the con-call invite, though specific hosting details are not provided.
  • UPSI Compliance: The disclosure includes standard forward-looking statement disclaimer noting that some statements may be forward-looking in nature, as stated in the con-call invite.

Financial Highlights and Guidance

  • Financial Period: Q2 FY27 (quarter ended September 30, 2026) and H1 FY27 (half year ended September 30, 2026)
  • Financial Performance:
  • Volume growth: 26% YoY
  • Revenue growth: 17% YoY
  • Loss after tax: ₹52 crore
  • EBITDA per ton: ₹265
  • Gross debt: ₹1,735 crore (₹1,482 crore long-term, balance working capital)
  • Net worth: ₹1,781 crore
  • Debt-to-equity ratio: 0.83:1
  • Cash and bank balances: ₹106 crore
  • Operational Metrics:
  • Power and fuel cost: ₹1,473 per ton (vs. ₹1,428 per ton in Q2 FY26)
  • Freight cost: ₹900 per ton (vs. ₹855 per ton in Q2 FY26)
  • Plant utilization rates: Mattampally (73%), Gudipadu (85%), Bayyavaram (52%), Jeerabad (72%), Jajpur (38%), Dachepalli (57%)
  • Forward-looking Statements:
  • FY27 volume guidance maintained at approximately 7 million tonnes
  • Revised EBITDA guidance: ₹350-375 crore for full year (₹525-550 per ton)
  • H2 FY27 EBITDA per ton expected at ₹650
  • FY28 volume target: 8-8.25 million tonnes
  • Expected net debt reduction by half over next two years from current ₹1,600-1,450 crore
  • Capacity Expansion:
  • Completed 0.75 million ton grinding capacity in Andhra during Q2
  • Total capacity now at 11.75 million tons
  • Commissioned 4.35 MW waste heat recovery at Gudipadu
  • 0.5 million ton expansion at Jeerabad
  • Price Developments:
  • South region price hikes: ₹20 per bag in non-trade and ₹20 in trade during September; further ₹20 in non-trade and ₹5 in trade during October
  • Other regions: ₹5-10 price hike in Madhya Pradesh and Odisha
  • Company realized ₹500 per ton increase in realization from exit August to end October
  • Vizag Land Sale:
  • Expected monetization value: ₹350 crore
  • Expected advance receipt: ₹150 crore (net value)
  • Expected timeline: Advance receipt before end of current financial year

Additional Notes

  • The document includes the full transcript of the earnings call Q&A session with analysts from various firms.
  • The company disclosed detailed plant-wise utilization rates and operational metrics during the call.
  • The submission is made pursuant to Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015.