Orient Cement (ORIENTCEM) Q1 25/26 earnings summary

Executive summary

• Achieved highest ever quarterly revenue and EBITDA, with market share up 2% to 15.5%.

• Cement volumes increased to 18.4 MnT in Q1 FY'26 from 15.3 MnT in Q1 FY'25, reflecting strong year-over-year growth.

• Profit after tax for Q1 FY26 reached ₹20,537.04 lakhs, a significant increase from ₹3,671.06 lakhs year-over-year.

• Strong volume growth, price improvement, and premium product sales drove performance.

• The company became a subsidiary of Ambuja Cements Limited on June 18, 2025, after a major share acquisition and open offer.

Financial highlights

• Sales volume reached 18.4 MnT, up 20% YoY; revenue at INR 10,289 crore, up 23% YoY.

• EBITDA at INR 1,961 crore, EBITDA margin 19.1% (up 3.8%), and EBITDA per ton at INR 1,069 (up 28% YoY).

• PAT at INR 970 crore, up 24% YoY; EPS at 3.20, up 22% YoY.

• Total income for Q1 FY26 was ₹86,864.83 lakhs, compared to ₹70,238.96 lakhs in Q1 FY25.

• Net worth at INR 66,436 crore; cash and equivalents at INR 3,000 crore post-acquisitions and CapEx.

Outlook and guidance

• Demand estimate raised to 7%-8% for FY 2026, up from 6%-7%.

• Targeting 118 MnT cement capacity by end of FY 2026 and 140 MnT by FY 2028.

• Blueprint to achieve EBITDA of INR 1,500 per ton by 2028.

• CapEx guidance of INR 9,000-10,000 crore for FY 2026, including Penna acquisition.

• Adoption of reduced corporate tax rate regime resulted in significant deferred tax reversal and lower tax expenses.