India Cements has released its investor presentation for the quarter ended September 30, 2025. Key highlights include domestic sales volume growth of 11.9% qoq, with capacity utilization at 65%. The operating EBIDTA/Mt stood at ₹386, and the company reported ₹15 Crores PAT before exceptions, achieving breakeven post-acquisition. The presentation details sales performance, cost indicators, and ESG initiatives.
Q2 FY26 Highlights
India Cements reported the following key achievements for the quarter:
- Domestic sales volume reached 2.44 MnT, reflecting a growth of 11.9% qoq.
- Average capacity utilization stood at 65% for the quarter.
- Net cement realizations experienced a slight decrease of 0.6% qoq.
- Operating EBIDTA/Mt was ₹386, as compared to ₹400/Mt in Q1 FY26.
- Reported PAT before exceptions of ₹15 Crores for the quarter, marking a breakeven point post-acquisition.
Sales Performance
An overview of sales during the quarter:
- Trade sales accounted for 68.0%, while non-trade sales made up 32.0%.
- Bag sales represented 79.2%, with bulk sales at 20.8%.
- Direct sales contributed 70.0%, and depot sales accounted for 30.0%.
Key Initiatives Planned
India Cements is focusing on several key initiatives:
- Conversion of 4/5 stage preheaters to 6 stage preheaters, aiming to reduce heat consumption.
- Expanding Waste Heat Recovery System (WHRS) with 21.8 MW to reduce power costs and increase green power usage.
- Implementing productivity and energy efficiency improvements to lower power consumption.
- Enhancing reliability through digitization.
- Implementing stringent safety standards and practices.
These initiatives are part of a Capex plan of ₹2,000 Crores over the next 2 years, targeting growth and efficiencies.
ESG Initiatives
India Cements plans to scale up Green Power (RE+WHRS) from 5% to 80% by FY28.
Financial Performance
Key financial figures for Q2 FY26:
- Revenue from Operations (Standalone): ₹1,117 Crores
- EBITDA (Standalone): ₹95 Crores
- PAT Before Exceptions (Standalone): -₹7 Crores
Key Cost Indicators
Details on key cost indicators for Q2 FY26:
- Logistics: 20% of total costs (₹813/Mt)
- Fuel: 23% of total costs (₹948/Mt)
- Power: 14% of total costs (₹581/Mt)
- Raw Materials: 22% of total costs (₹893/Mt)
Source: BSE
