)
Edge23 Jan 2026
Death, Taxes, and Garbage: The Story of WM
How Waste Management turned garbage into one of America's most stable business models through landfills, regulation, and nationwide scale.
The India Cements
The India Cements (INDIACEM) investor relations material
The India Cements Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 25/26 earnings summary24 Jan, 2026
Executive summary
Robust demand driven by government infrastructure focus and marquee projects, with domestic sales volume reaching 2.59 MnT in Q3 FY26, a 25% year-over-year increase.
Capacity utilization improved, exceeding 90% in some segments and reaching 69% in Q3 FY26, up 11% year-over-year.
Integration of recent acquisitions is ahead of plan, with significant brand conversion and cost improvement initiatives underway.
Standalone and consolidated unaudited financial results for the quarter and nine months ended 31 December 2025 were approved and reviewed by the Board and Audit Committee.
The company is primarily engaged in the manufacture and sale of cement and related products.
Financial highlights
Consolidated net debt to EBITDA at 1.08x, targeting 0.89x by fiscal year-end; net debt stood at ₹1,164 Crores as of Dec 2025.
Standalone revenue from operations for the quarter was ₹1,114.13 crore, up from ₹902.19 crore year-over-year; consolidated revenue was ₹1,114.26 crore.
EBITDA per ton for the quarter was around INR 600 in one segment and ₹299 in another, with standalone EBITDA for Q3 FY26 at ₹105 Crores.
PAT before exceptional items stood at ₹6 Crores for the quarter; standalone net loss was ₹5.72 crore, consolidated net loss was ₹2.67 crore.
Employee costs increased 9-10% year-over-year, mainly due to annual compensation increases and new plant additions.
Outlook and guidance
Expectation of continued robust demand in Q4 and beyond, with no signs of rural demand weakness.
Capacity addition of 8-9 million tons in Q4, 12 million tons in FY 2027, and remaining in FY 2028; total Indian capacity to reach 235 million tons by FY 2028.
Capex plan of ₹2,000 Crores over the next two years focused on growth and efficiency improvements.
Efficiency improvement programs expected to deliver over INR 100 per ton in cost savings this year.
Plans to scale up green power (RE + WHRS) from 5% to 80% by FY29, with renewable energy share targeted to rise from 41% to 60% by FY 2027/28.
Future impact of ICML sale gain recognition?
Quantify potential financial exposure from legal cases.
How will negative working capital be addressed?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next The India Cements earnings date
Q4 25/2621 May, 2026
The India Cements
Next The India Cements earnings date
Q4 25/2621 May, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage