India · Delayed Price · Currency is INR Sagar Cements Earnings Call Transcripts
Fiscal Year 2026
-
Volumes and revenue grew strongly in FY26, with improved EBITDA per ton and stable pricing. FY27 guidance targets 7 million tons, higher margins, and continued cost optimization, while land monetization and new product lines are expected to support growth.
-
Q3 FY 2026 saw 8% volume growth and 5% revenue increase, with EBITDA flat year-over-year and a loss after tax of INR 64 crores. FY 2026 volume guidance is 6 million tons, with EBITDA per ton expected at INR 500-525 for the year. Land monetization will support debt reduction.
-
Q2 FY26 saw 70% volume growth and 27% revenue increase, but a net loss of INR 44 crore. Capacity expansions and cost initiatives are expected to drive profitability, with demand and pricing likely to improve in H2 FY25. CapEx for FY26 is projected at INR 450 crore.
-
Revenue grew 20% year-over-year to INR 671 crore, with EBITDA margin improving to 18% and profit after tax at INR 7 crore. FY26 volume guidance is 6 million tons, with robust demand, stable input costs, and ongoing capacity expansions supporting future growth.
Fiscal Year 2025
-
Q4 FY25 saw a 5% volume increase but a 7% revenue decline and lower margins, with EBITDA per tonne expected to improve significantly in FY26 due to cost savings and price hikes. CapEx of INR 350–360 crore is planned, and Vizag land sale proceeds will be used for deleveraging.
-
Q3 FY25 saw a 16% revenue decline and a net loss, but demand and utilization improved in the latter half. FY25 volumes are on track, with FY26 guidance at 6.4–6.5 million tons and EBITDA per ton expected to rise as upgrades and cost efficiencies take effect.
-
Q2 FY25 saw a 19% revenue decline and increased losses due to weak demand and pricing, but management expects demand and margins to improve from November onward, supported by cost reductions and ongoing expansion projects. CapEx for FY25 is guided at INR 200 crore.
-
Q1 FY25 saw muted demand and lower realizations, but revenue and EBITDA improved year-over-year. Management maintains full-year volume and EBITDA guidance, expects seasonal price recovery in H2, and continues to invest in efficiency and renewable energy projects.