Orient Cement (ORIENTCEM) Q4 25/26 earnings summary

Executive summary

• Achieved record annual cement sales volume of up to 73.7 million tons in FY 2026, with normalized EBITDA of INR 6,539 crores (up 31%) and PAT of INR 2,647 crores (up 17%).

• Completed integration of Sanghi Industries and Penna Cement; Orient Cement consolidation and ACC/Orient amalgamation ongoing.

• Maintained debt-free status with highest credit ratings and net worth at Rs 71,846 Cr.

• Audited financials for FY 2025-26 approved with unmodified opinion; Ambuja Cements Limited acquired a controlling stake.

• Board recommended a dividend of ₹0.50 per share for FY 2025-26, pending approval.

Financial highlights

• EBITDA per metric ton for FY 2026 was INR 887, up 12% year-over-year; EBITDA margin at 16.1%.

• Revenue from operations for FY 2025-26 was ₹279,312.35 lacs, with net profit after tax at ₹33,768.61 lacs.

• CapEx for FY 2026 was INR 7,500 crores; FY 2027 estimate is INR 6,000–6,500 crores.

• Cash and cash equivalents at year-end were Rs 1,770 Cr.

• EPS for FY 2025-26 was ₹16.44, up from ₹4.45 in the previous year.

Outlook and guidance

• FY 2027 focus on operational streamlining, margin expansion, and cost reduction of INR 150–250 per ton.

• Cement demand growth for FY 2027 expected at 5–6% amid inflation and weak monsoon.

• Capacity to increase to 119 million tons by H1FY 2027, with further expansion planned.

• Premium cement sales to remain at 35–36% of trade sales.

• Focus on stabilizing new capacities and improving utilization from 77% to 85%.