Star Cement Limited has released its Annual Report for the Financial Year 2025-26, detailing a robust performance marked by a 19% YoY increase in operational revenue to ₹3,776 Crore and a record EBITDA of ₹944 Crore. The report also highlights significant progress in ESG initiatives, including a 33.3% share of green energy in the energy mix and a 1.60x water positivity target. Key operational achievements include the commissioning of the 2.0 MTPA Cachar Grinding Unit.
Star Cement Reports Strong Financial Performance in FY 2025-26
Star Cement Limited has announced its financial results for the fiscal year ended March 31, 2026, showcasing a period of strong growth and improved performance. The company reported a 19% year-on-year increase in operational revenue, reaching ₹3,776 Crore, compared to ₹3,163 Crore in FY 2024-25. This growth was driven by healthy volume growth and improved operating efficiencies, translating into a record EBITDA of ₹944 Crore, a 60% YoY increase.
Key Financial Highlights
Profit After Tax more than doubled to ₹390 Crore, up by 131% YoY from ₹169 Crore in FY 2024-25. The company maintained a strong balance sheet with a net debt of ₹317 Crore, well within its net debt-to-EBITDA threshold of 1.5x. The report also details improved operating leverage and margin expansion, with EBITDA margin reaching 24.48%.
Operational Achievements
Operationally, Star Cement achieved a cement grinding capacity of 9.67 MTPA and a clinker capacity of 6.1 MTPA. The company also saw a significant increase in its North-East market share, estimated at ~25%, reinforcing its leadership in the region. The commissioning of the 2.0 MTPA Cachar Grinding Unit in Assam in February 2026 was a key operational milestone, enhancing the company’s manufacturing capabilities.
ESG Initiatives
Star Cement continues to prioritize sustainability, achieving a 33.3% share of green energy in its energy mix, supported by its Waste Heat Recovery System which met 21.6% of its total power requirement. The company is on track to meet its target of 60% green energy by FY 2027-28. In terms of water stewardship, Star Cement maintained Zero Liquid Discharge across all plants and achieved 1.60x water positivity, with a target of 2x by FY 2027-28.
Strategic Growth and Future Outlook
The company is advancing its long-term growth agenda through planned expansions in Rajasthan and Haryana. These projects are expected to strengthen the company’s manufacturing footprint and expand its geographic reach, reinforcing its transition into a broader pan-India player. The report highlights disciplined capital allocation, prudent financial management, and a phased capacity expansion strategy.
Source: BSE
