India Cements returned to profitability in the first quarter of FY27, reporting a standalone net profit of ₹26.62 crore for the period ended June 30, 2026. This turnaround was driven by robust volume growth and operational efficiencies, with domestic cement volume increasing 18.5% year-on-year to 2.58 MTPA. The company's EBITDA surged 72.4% to ₹159 crore, while operating EBITDA per tonne improved by ₹221 to ₹603 compared to the same period last year.

The Board of Directors approved the standalone and consolidated unaudited financial results on July 18, 2026. The statutory auditors, Brahmayya & Co. and S. Viswanathan LLP, reviewed the results. Their review noted ongoing legal matters, including an attachment of assets worth ₹120.34 crore and a penalty of ₹187.48 crore imposed by the Competition Commission of India (CCI), both of which are under appeal.

Standalone Financial Performance

Revenue from operations for the quarter stood at ₹1,019.42 crore, while total income was ₹1,022.62 crore. The company achieved an operating margin of 15.28%, supported by a 1.5% quarter-on-quarter increase in sales realisation to ₹3,847 per tonne, compared to ₹3,791 per tonne in Q4FY26 and ₹3,770 per tonne in Q1FY26. Total expenses for the period were ₹961.77 crore, with power and fuel costs at ₹423.62 crore and raw material consumption at ₹246.17 crore. Profit before exceptional items and tax was ₹60.85 crore.

Exceptional items for the quarter included a profit on the sale of assets of ₹29.98 crore and a provision of ₹55.26 crore for disputed liabilities. Consequently, profit before tax stood at ₹35.57 crore. The basic and diluted earnings per share (EPS) for the quarter were reported at ₹0.86.

The following table summarises the key standalone financial metrics across reporting periods (all figures in ₹ crore unless stated):

Consolidated Results and Key Ratios

On a consolidated basis, the company reported a net profit of ₹26.85 crore for Q1FY27, compared to a net loss of ₹132.91 crore in the same period last year. Revenue from operations remained consistent with the standalone figures at ₹1,019.42 crore. The consolidated net worth stood at ₹10,152.03 crore as of June 30, 2026.

The company's debt-equity ratio stood at 0.16 times, while the interest service coverage ratio was 4.77 times. During the quarter, the company issued 2,000 units of Commercial Paper aggregating ₹100 crore at a discount rate of 6.85% per annum, due for redemption on September 23, 2026. CARE Ratings assigned a credit rating of CARE A1+ to the issue.

India Cements filed its Business Responsibility and Sustainability Report for FY26 with the stock exchanges, reporting a turnover of ₹4484.69 crore and a net worth of ₹2689.16 crore. The document, annexed to the Directors’ Report, outlines the company's performance on environmental, social, and governance parameters for the financial year ended March 31, 2026.

The company reported zero fatalities for both employees and workers during FY26. The Lost Time Injury Frequency Rate (LTIFR) for workers improved to 0.31 from 3.41 in the previous year. Total recordable work-related injuries for workers stood at 6, compared to 3 in FY25, while employees reported 1 injury compared to nil previously.

Financial and Operational Metrics

The report provides key financial and operational figures for the reporting period:

Environmental Performance

India Cements disclosed that 13.7% of inputs were sourced sustainably. The company achieved Zero Liquid Discharge (ZLD) across its units, with recycled water utilized for processes such as equipment cooling and dust suppression. Total water withdrawal decreased to 23,22,082.58 kilolitres from 25,23,267 kilolitres in the previous year.

The company identified several material responsible business conduct issues, including the price of fuel and climate change as risks, while LC3 Cement and circular economy initiatives were noted as opportunities. It reported that 100% of its plants and offices were assessed for health and safety practices by the entity, with 33% assessed by third parties.

Social and Governance Disclosures

The workforce comprised 1,164 permanent employees and 2,498 workers. Women accounted for 2% of the total employee strength and 3% of the total workforce. The Board of Directors included 2 female members out of 10, representing 20% representation.

The company received 145 shareholder complaints during the year, with 9 pending resolution at the close of the year. There were no reported cases of sexual harassment, child labour, or forced labour. TUV SUD South Asia Private Limited provided reasonable assurance for the BRSR Core Indicators.