India · Delayed Price · Currency is INR Sagar Cements Earnings Call Transcripts
Fiscal Year 2026
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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.
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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.
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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
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Q4 FY25 saw a 5% volume increase but a 7% revenue decline and lower margins, with EBITDA per tonne expected to improve to INR 500 as cost savings from plant upgrades materialize. CapEx for FY26 is set at INR 350-360 crore, and Vizag land sale proceeds will be used for debt reduction.
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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.
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Q2 FY25 saw a 19% revenue decline and increased losses due to weak demand and pricing, but cost controls and incentives partially offset the impact. Management expects demand and margins to improve from November, with FY25 volume guidance at 5.75 million tons.
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Q1 FY25 saw muted demand and lower realizations, but margins improved on cost efficiencies. Full-year volume and EBITDA guidance are maintained, with demand and pricing expected to recover in H2. CapEx and renewable energy initiatives continue, and Andhra Cements is on track for breakeven by Q1 FY26.