Financial Performance Summary

Quarterly Financial Results (Figures in ₹ lacs)

| Metric | Jun-26 | Jun-25 | YoY Change | Mar-26 | QoQ Change | Mar-26 (Annual) |

| Sales Volume (lacs tons)* | 6.06 | 3.59 | +68.8% | 3.94 | +53.8% | 14.33 |

| Revenue from Operations | 33,727 | 19,595 | +72.1% | 20,847 | +61.8% | 74,910 |

| EBITDA | 3,028 | 2,519 | +20.2% | 2,510 | +20.6% | 7,461 |

| EBITDA per Ton (₹) | 500 | 701 | -28.7% | 637 | -21.5% | 521 |

| Profit Before Tax | 915 | 1,852 | -50.6% | 1,080 | -15.3% | 3,381 |

| Profit After Tax | 683 | 1,379 | -50.5% | 795 | -14.1% | 2,500 |

*Includes cement sold through Brand Usage Agreement with Hi-Bond Cement

Operational Highlights

Sales Volume Breakdown

  • Total sales volume reached 6.06 lacs tons in Q1 FY2027, representing a 68.8% year-over-year increase from 3.59 lacs tons in Q1 FY2026
  • Quarter-over-quarter sales volume increased 53.8% from 3.94 lacs tons in Q4 FY2026
  • Under the Brand Usage, Supply and Distributorship Agreement (BDA) with Hi-Bond Cement (India) Private Limited, the company sold 249,343 MT of cement manufactured at the Hi-Bond plant
  • This represents a significant increase from 29,928 MT sold through the same agreement in the quarter ended March 2026

Margin Analysis

  • EBITDA margin compression observed with EBITDA per ton declining to ₹500 from ₹701 year-over-year (‑28.7%) and from ₹637 quarter-over-quarter (‑21.5%)
  • Despite revenue growth of 72.1% YoY, Profit After Tax declined by 50.5% due to margin pressures

Management Commentary & Outlook

The quarter was impacted by geopolitical uncertainties that disrupted global supply chains and increased input and logistics costs. Despite these external challenges, the company demonstrated good execution by:

  • Maintaining operational stability
  • Expanding market presence
  • Continuing to deliver on strategic growth initiatives
  • Laying a strong foundation for long-term value creation

Management remains confident in the company's long-term growth potential, supported by:

  • Strong operational capabilities
  • Effective supply chain management
  • Expanding distribution network
  • Disciplined capital allocation

These initiatives, coupled with continued market expansion, are expected to position the company to deliver sustainable value over the long term.

Corporate Governance

The results were approved and digitally signed by Amit Arora, CEO & Managing Director, on July 24, 2026, at 17:02:57 IST.