Star Cement Limited has announced its financial results for the quarter and year ended March 31, 2026, reporting a robust annual consolidated revenue of ₹3,776.49 crore. Alongside the positive fiscal performance, the company announced a strategic leadership transition, with Mr. Prem Kumar Bhajanka moving to Vice Chairman and Managing Director, and Mr. Tushar Bhajanka taking the helm as Managing Director and CEO for a three-year term. The company also confirmed major operational milestones, including the commencement of production at its new Silchar grinding unit.
Fiscal Performance Highlights
For the financial year ended March 31, 2026, Star Cement reported impressive consolidated growth, achieving a total revenue of ₹3,776.49 crore. The net profit attributable to shareholders for the same period stood at ₹393.42 crore. The company’s consistent performance underscores its operational efficiency and expanding market presence. Notably, in the fourth quarter (Jan-Mar 2026), the consolidated revenue reached ₹1,173.55 crore, demonstrating a strong finish to the fiscal year.
Strategic Leadership Restructuring
The Board of Directors has approved a key leadership transition to drive the company’s future growth. Mr. Prem Kumar Bhajanka, who brings over 47 years of extensive experience, has been designated as the Vice Chairman & Managing Director. Succeeding him, Mr. Tushar Bhajanka has been elevated from Deputy Managing Director to Managing Director & CEO. His appointment is effective for a tenure of three years, ending on May 21, 2029, reflecting the company’s focus on long-term leadership continuity and management expertise.
Operational Milestones and Future Outlook
The company continues to expand its production capabilities, most notably with the commencement of cement production at the new grinding unit in Silchar, Assam, during the final quarter of the fiscal year. This facility adds an installed capacity of 2 million tons per annum. Furthermore, the company continues to maintain its cost-efficiency measures, recently re-appointing M/s B. G. Chowdhury & Co. as Cost Auditors for the 2026-27 financial year to ensure rigorous internal governance and cost management practices.
Source: BSE
