Deccan Cements Limited reported a consolidated net profit of ₹285.78 crore for the financial year ended March 31, 2026, a substantial increase from ₹75.19 crore in the previous year. The company's revenue from operations for FY26 rose to ₹6,356.14 crore, compared to ₹5,269.77 crore in FY25. The board has recommended a final dividend of Re 0.50 per share, which is 10% of the face value of ₹5 each, pending approval at the upcoming Annual General Meeting.

The standalone financial results for the year ended March 31, 2026, showed a net profit of ₹285.91 crore, up from ₹75.33 crore in the corresponding period last year. Revenue from operations in the standalone entity stood at ₹6,356.14 crore. The company recognized an exceptional item of ₹128.41 crore during the quarter ended March 31, 2026, primarily due to the profit from the sale of land situated at Solipet village in Rangareddy district.

Q4 Standalone Performance

For the quarter ended March 31, 2026, Deccan Cements reported standalone net profit of ₹4.73 crore, compared to ₹7.95 crore in the same quarter of the previous year. Quarterly standalone revenue came in at ₹2,138.93 crore, a significant jump from ₹1,189.20 crore in the corresponding period last year.

Full-Year Financial Performance

The company's total income for the consolidated results increased to ₹6,432.80 crore in FY26 from ₹5,431.76 crore in the previous year. Total expenses for the year were reported at ₹6,218.83 crore. The board approved the audited standalone and consolidated financial results prepared in accordance with Indian Accounting Standards (Ind-AS) at its meeting held on May 29, 2026.

Board Decisions and Appointments

The Board appointed M/s Aruna Prasad & Co, Cost Accountants, as the Cost Auditors for the financial year 2026-27. Additionally, M/s M Bhaskara Rao & Co, Chartered Accountants, were appointed as Internal Auditors for FY 2026-27. The statutory auditors, M/s M. Anandam & Co, issued an unmodified audit report on the standalone and consolidated financial results.

The company noted that the implementation of new Labour Codes resulted in an increase in gratuity liability by ₹57.53 lakhs and compensated absences by ₹12.78 lakhs. This impact has been presented under employee benefits expense in the Statement of Profit and Loss. The company continues to monitor the finalisation of Central and State rules regarding these codes.

Deccan Cements Limited has issued a corrigendum to its postal ballot notice dated May 14, 2026, altering the objects of a preferential issue of Compulsorily Convertible Debentures (CCDs) worth ₹102.99 crores. The company clarified that the entire proceeds from the issuance of 14,40,559 CCDs at ₹715 each to Non Promoters will be utilised towards the repayment of secured term loans availed from State Bank of India, IFB, Somajiguda, Hyderabad. This disclosure is critical for shareholders as it defines the specific deployment of capital raised through the preferential allotment.

The preferential issue aims to raise a total amount of ₹1,02,99,99,685. The utilisation of these funds is scheduled to occur on or before July 31, 2026, upon and from the date of receipt of funds. The corrigendum was sent to members of the company as on the cut-off date of May 8, 2026.

Details of Term Loan

The filing provided specific financial metrics regarding the term loan facility that proceeds from the CCD issue will service. The outstanding liability and associated costs are detailed below:

Repayment of the term loan is set to commence from the end of June 2026. The company noted that while interest payments totaling ₹60.40 Crores have been made between March 2023 and April 2026, no principal repayment has occurred yet.

Monitoring Agency Appointment

In addition to the alteration of the objects of the issue, the company appended a disclosure regarding the appointment of a monitoring agency. CARE Ratings Limited has been appointed to monitor the utilisation of proceeds from the proposed issuance of CCDs. This appointment is in accordance with the provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The corrigendum confirms that save for the aforesaid alterations, the original postal ballot notice remains unchanged.