Key Financial Figures - Standalone (₹ in lakhs)
Quarterly Performance (Q2 FY27)
- Revenue from Operations: ₹44,432
- Other Income: ₹888
- Total Income: ₹45,320
- Loss Before Tax: (₹2,785)
- Tax Expense: (₹727) [Deferred Tax Credit]
- Net Loss for the Period: (₹2,058)
- Total Comprehensive Income: (₹2,061)
- Basic EPS: (₹1.57)
Half-Yearly Performance (H1 FY27)
- Revenue from Operations: ₹91,613
- Other Income: ₹1,747
- Total Income: ₹93,360
- Loss Before Tax: (₹3,148)
- Tax Expense: (₹801) [Deferred Tax Credit]
- Net Loss for the Period: (₹2,347)
- Total Comprehensive Income: (₹2,353)
- Basic EPS: (₹1.79)
Comparative Figures (Q2 FY26)
- Revenue from Operations: ₹39,951
- Net Loss for the Period: (₹822)
- Basic EPS: (₹0.63)
Key Financial Figures - Consolidated (₹ in lakhs)
Quarterly Performance (Q2 FY27)
- Revenue from Operations: ₹70,536
- Other Income: ₹242
- Total Income: ₹70,778
- Loss Before Tax: (₹6,872)
- Tax Expense: (₹1,718) [Deferred Tax Credit]
- Net Loss for the Period: (₹5,154)
- Attributable to Equity Shareholders: (₹4,377)
- Attributable to Non-controlling Interest: (₹777)
- Total Comprehensive Income: (₹5,156)
- Basic EPS: (₹3.94)
Half-Yearly Performance (H1 FY27)
- Revenue from Operations: ₹141,143
- Other Income: ₹480
- Total Income: ₹141,623
- Loss Before Tax: (₹10,531)
- Tax Expense: (₹2,567) [Deferred Tax Credit]
- Net Loss for the Period: (₹7,964)
- Attributable to Equity Shareholders: (₹6,688)
- Attributable to Non-controlling Interest: (₹1,276)
- Total Comprehensive Income: (₹7,968)
- Basic EPS: (₹6.09)
Material Developments and Notes
1. Board Meeting: The results were approved by the Board of Directors at a meeting held on October 30, 2026, which commenced at 4:00 p.m. and concluded at 4:30 p.m.
2. Segment Information: The company is engaged in a single reportable business segment - "cement and cement related products" as per Ind AS 108.
3. Andhra Cements OFS: Based on approvals from the Investment Committee (January 08, 2026 and March 16, 2026), the company conducted an Offer for Sale (OFS) of 1,38,25,821 equity shares of Andhra Cements Limited (face value ₹10 each) on various dates in January and March 2026. This reduced the company's holding in ACL from 90.00% to 75.00%.
4. Scheme of Amalgamation: The Board of Directors, in their meeting on June 05, 2026, approved a Scheme of Amalgamation where Andhra Cements Limited (subsidiary) would merge into Sagar Cements Limited with effect from April 1, 2026 (Appointed Date). The scheme is subject to approvals from Stock Exchanges, SEBI, shareholders, creditors, NCLT, and other regulatory authorities.
5. Taxation: The company opted to be taxed under Section 115BAA of the Income-tax Act, 1961 in the previous year, leading to remeasurement of deferred tax assets and liabilities.
6. MBL Cess Reversal: During the quarter, pursuant to the enactment of the Mines and Minerals (Development and Regulation) Amendment Act, 2026, the company reversed a provision for Mineral Bearing Lands (MBL) Cess amounting to ₹750.26 lakhs (standalone) and ₹868.30 lakhs (consolidated). This was recognized as a credit under Other expenses, based on management's assessment supported by external legal opinion that the liability no longer represents a present obligation.
Audit Review
- The statutory auditors, B S R and Co., have issued an unmodified conclusion on the limited review of both standalone and consolidated financial results for the quarter and six months ended September 30, 2026.
- The review was conducted in accordance with SRE 2410 issued by ICAI.
Capital Structure
- Paid-up Equity Share Capital: ₹261.4 lakhs (Face value of ₹2 per share)
- Other Equity (Standalone): ₹16,186.7 lakhs (as of March 31, 2026)
- Other Equity (Consolidated): ₹16,667.8 lakhs (as of March 31, 2026)