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The India Cements (INDIACEM) investor relations material
The India Cements Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q2FY27 domestic cement volume was 2.83 MTPA; EBITDA reached ₹148 crore, up 34.3% YoY, and operating EBITDA was ₹510/t, up ₹177/t YoY.
Consolidated Q2 net profit was ₹38.82 crore versus ₹8.81 crore YoY; H1 net profit was ₹65.67 crore versus a loss of ₹124.08 crore.
Capacity utilization reached 71%, up from 66% YoY, alongside reported volume growth of 13.8%.
Financial highlights
Standalone Q2 revenue from operations was ₹1,142.03 crore versus ₹1,117.05 crore; net profit was ₹38.85 crore versus ₹14.93 crore.
Consolidated Q2 revenue was ₹1,142.03 crore versus ₹1,117.04 crore; reported net profit was ₹38.82 crore versus ₹8.81 crore.
Operating EBITDA was ₹144 crore versus ₹81 crore; other income of ₹4 crore brought EBITDA to ₹148 crore versus ₹110 crore.
Domestic cement net realization was ₹3,798/t, down 1.3% QoQ from ₹3,847/t; Q2FY26 realization was ₹3,761/t.
Fixed costs per ton were 6% lower YoY as absolute fixed costs grew 4%, below volume growth of 13.8%.
Outlook and guidance
Capacity roadmap targets 17.55 MTPA by FY28, including 3.10 MTPA of new capacity from a FY25 base of 14.45 MTPA.
Green power, comprising renewable energy and WHRS, is targeted to reach 80% by FY29, up from 6%.
Plant upgrades and process optimization are underway, with work expected to continue through Q3 and Q4.
- Record clinker output and Dalavoi commissioning offset freight and cost pressures.INDIACEM
Q4 96/97 - Acquisitions lifted cement capacity to 6.6 Mt as FY98 PAT declined and Q1 volumes rebounded.INDIACEM
Q4 97/98 - Profit rose as capacity expanded, despite cement price and cost pressures.INDIACEM
Q4 98/99 - Higher cement volumes were outweighed by weaker prices and rising finance costs.INDIACEM
Q4 99/00 - Higher realizations lifted profit despite weak volumes and Rs 78 crore of input-cost pressure.INDIACEM
Q4 00/01 - Weak cement pricing drove a FY02 loss despite a ₹118.89cr divestment gain.INDIACEM
Q4 01/02 - Lower cement realizations drove losses; debt restructuring targeted liquidity relief.INDIACEM
Q4 02/03 - Higher volumes and CDR relief narrowed losses, but oversupply kept FY04 in the red.INDIACEM
Q4 03/04 - Operating recovery returned FY05 to profit, aided by a major one-time debt remission.INDIACEM
Q4 04/05 - Higher cement volumes and pricing drove a sharp FY06 profit recovery and expansion push.INDIACEM
Q4 05/06
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