Key Financial Figures (Standalone)

Quarterly Performance (Q2 FY2027)

  • Revenue from Operations: ₹27,930.79 lakh (₹279.31 crore)
  • Other Income: ₹46.13 lakh
  • Total Income: ₹27,976.92 lakh
  • EBITDA: ₹(130) lakh (negative)
  • Profit Before Tax: ₹(2,205.70) lakh (loss)
  • Profit After Tax: ₹(1,627.32) lakh (loss)
  • Basic EPS: ₹(1.10) per share
  • Diluted EPS: ₹(1.10) per share

Half-Yearly Performance (H1 FY2027)

  • Revenue from Operations: ₹61,657.52 lakh
  • Other Income: ₹154.14 lakh
  • Total Income: ₹61,811.66 lakh
  • Profit Before Tax: ₹(1,290.52) lakh (loss)
  • Profit After Tax: ₹(944.80) lakh (loss)
  • Basic EPS: ₹(0.64) per share
  • Diluted EPS: ₹(0.64) per share

Comparative Performance

Year-over-Year Quarterly Comparison (Q2 FY2027 vs Q2 FY2026)

  • Revenue increased from ₹16,134.61 lakh to ₹27,930.79 lakh (73.1% growth)
  • EBITDA declined from ₹2,048 lakh to ₹(130) lakh
  • Profit after tax turned from profit of ₹1,022.91 lakh to loss of ₹(1,627.32) lakh
  • Sales volume increased from 2.96 lakh tons to 5.10 lakh tons

Half-Year Comparison (H1 FY2027 vs H1 FY2026)

  • Revenue increased from ₹35,729.22 lakh to ₹61,657.52 lakh (72.6% growth)
  • EBITDA declined from ₹4,567 lakh to ₹2,898 lakh
  • Profit after tax turned from profit of ₹2,401.95 lakh to loss of ₹(944.80) lakh
  • Sales volume increased from 6.55 lakh tons to 11.16 lakh tons

Expense Breakdown (Q2 FY2027)

  • Cost of materials consumed: ₹4,345.40 lakh
  • Sub-contracting cost of purchased cement: ₹10,544.28 lakh
  • Employee benefits expenses: ₹1,051.92 lakh
  • Finance costs: ₹1,129.13 lakh
  • Depreciation and amortisation: ₹946.41 lakh
  • Power and fuel expenses: ₹5,685.91 lakh
  • Freight and handling expenses: ₹2,528.93 lakh
  • Other expenses: ₹3,781.24 lakh
  • Total expenses: ₹30,182.62 lakh

Operational Highlights

  • Sales Volume: 5.10 lakh tons in Q2 FY2027 (2.96 lakh tons in Q2 FY2026)
  • EBITDA per ton: ₹(26) in Q2 FY2027 (₹692 in Q2 FY2026)
  • Under Brand Usage Agreement with Hi-Bond Cement, sold 212,549 MT during Q2 and 461,892 MT during H1 of cement manufactured at Hi-Bond plant
  • No corresponding sales in the comparable periods of previous year

Shutdown Impact

The company completed its annual shutdown during the quarter and six months ended September 30, 2026:

  • Total shutdown expenses of ₹1,930 lakh for H1 FY2027
  • ₹1,491 lakh incurred during Q2 FY2027
  • No shutdown expenses in the comparable periods of previous year

Contextual Factors

Geopolitical uncertainty disrupted global supply chains during the quarter, increasing input and logistics costs, particularly for fuel, packaging and freight. The plant is prepared to meet higher market demand following completion of the annual shutdown.

Capital Structure

  • Paid-up equity share capital: ₹14,791.50 lakh (face value ₹10 per share)
  • Other equity: ₹19,314.01 lakh (standalone)

Cash Flow (H1 FY2027 Standalone)

  • Net cash from operating activities: ₹7,993.00 lakh
  • Net cash used in investing activities: ₹(1,028.62) lakh
  • Net cash used in financing activities: ₹(7,286.31) lakh
  • Net decrease in cash: ₹(321.93) lakh
  • Cash and cash equivalents at end: ₹14.19 lakh

Assets and Liabilities (Standalone as at 30/09/2026)

  • Total Assets: ₹1,14,340.39 lakh
  • Non-current assets: ₹45,410.40 lakh
  • Current assets: ₹68,929.99 lakh
  • Total Equity: ₹34,105.51 lakh
  • Non-current liabilities: ₹46,214.30 lakh
  • Current liabilities: ₹34,020.58 lakh
  • Borrowings: ₹47,808.09 lakh (₹44,256.91 non-current + ₹3,551.18 current)

Management Commentary

Management remains confident in the Company's long-term growth prospects, supported by strong operational capabilities, effective supply chain management, an expanding distribution network and disciplined capital allocation. The company continues to expand renewable energy use and its blended cement portfolio to enhance profitability and reduce its carbon footprint.

Segment Information

The company has one reportable segment (cement business) at standalone level, and two reportable segments (cement business and other business) at group level in accordance with Ind AS 108.