HeidelbergCement India Limited reported its audited financial results for the quarter and financial year ended 31 March 2026. For the full financial year, revenue rose 8.4% to ₹23,296 million, while net profit increased 25.5% to ₹1,340 million. However, quarterly net profit declined by 10.4% to ₹452 million compared to ₹504 million in the prior year. The company is now completely debt-free following the repayment of its final interest-free loan tranche of ₹687 million to the Government of Uttar Pradesh.

Q4 Financial Performance

Revenue from operations for the quarter increased to ₹6,462 million from ₹6,125 million in the corresponding prior-year period. This growth was driven by a 7.8% rise in sales volumes to 1,354 KT, partially offset by a decrease in prices. Despite the top-line growth, profitability faced pressure. EBITDA for the quarter stood at ₹879 million, a decrease of 3% year-on-year, with the EBITDA margin contracting to 13.6% from 14.8%. EBITDA per tonne also fell by 10% to ₹649.

Operational Highlights and Dividend

The company reported that its cash and bank balance aggregated to ₹4,037 million as of 31 March 2026. The Board of Directors recommended a dividend of ₹7 per equity share (70%) for the financial year ended 31 March 2026, subject to shareholder approval at the Annual General Meeting scheduled for 24 September 2026. The record date for determining dividend entitlement is fixed for 11 September 2026. Additionally, the company was declared the Preferred Bidder for the grant of 2 Mining Leases in Madhya Pradesh.

Board Decisions

The board approved the extension of Mr. Molugu Purnachander’s tenure as Director – Procurement for two years effective 2 July 2026. Additionally, the board appointed Mr. Gulshan Bajaj as Head – Internal Audit effective 1 August 2026, consequent to the retirement of Mr. Sumeet Bisarya from the services of the company effective 31 July 2026.

Management Commentary and Outlook

Management attributed the full-year EBITDA increase of 19.8% to a decrease in input costs, with EBITDA per tonne rising to ₹584. Alternative fuel usage increased by 3% year-on-year to 11%, and the share of non-grid power exceeded 50%. The company stated it operates on negative net operating working capital. Regarding the outlook, management expects cement demand in Central India to grow by 7% to 7.5% in FY27, supported by upcoming elections in Uttar Pradesh. The company anticipates a cost inflation impact of ₹100 to ₹160 per tonne in the near term, which it expects to pass on to the market. Capex for FY27 and FY28 is estimated at ₹100 crore and ₹120 crore respectively, including a new blending unit in Khandwa.

HeidelbergCement India Limited has received regulatory consent to establish a cement blending and grinding unit in Madhya Pradesh, marking a significant step in the company's capacity expansion plans. The consent, dated 17 May 2026, was granted by the Madhya Pradesh Pollution Control Board and disclosed to stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Regulatory Approvals Secured

The Madhya Pradesh Pollution Control Board issued the consent to establish under two key environmental statutes, signalling compliance with applicable pollution control norms. The approvals cover both water and air pollution prevention requirements for the proposed facility.

Project Details

The proposed unit is to be located at Village Dongaliya, Tehsil Punasa, District Khandwa, Madhya Pradesh. The project will involve securing long-term availability of fly ash, with land allocation on lease for setting up the unit. Fly ash, a byproduct of thermal power generation, is a key input material in blended cement manufacturing.

Disclosure and Compliance

The disclosure was made by Ravi Arora, Vice President – Corporate Affairs & Company Secretary of HeidelbergCement India Limited, on 18 May 2026. The company has also uploaded the relevant information on its official website at www.mycemco.com , in line with its listing obligations. The filing was submitted to both BSE Limited and the National Stock Exchange of India Limited as part of the company's regulatory compliance requirements.