Sagar Cements FY26: Turns Profitable, Consolidated Net Loss Narrows Sharply
Sagar Cements reported a standalone net profit of ₹3,357 lakhs for FY26, reversing a net loss of ₹8,548 lakhs in FY25, while consolidated net loss narrowed to ₹73 lakhs from ₹21,668 lakhs. Standalone revenue grew to ₹1,76,830 lakhs and consolidated revenue rose to ₹2,65,002 lakhs. The Board also approved an in-principle amalgamation of Andhra Cements Limited with Sagar Cements, following an OFS that reduced ACL shareholding to 75.00%.

*this image is generated using AI for illustrative purposes only.
Sagar Cements has released its audited standalone and consolidated financial results for the fourth quarter and full year ended March 31, 2026. The results were approved by the Board of Directors at its meeting held on May 13, 2026. The statutory auditors, B S R and Co., Chartered Accountants, have expressed an unmodified opinion on both the standalone and consolidated annual financial results.
Standalone Financial Performance
On a standalone basis, Sagar Cements reported revenue from operations of ₹52,991 lakhs for Q4 FY26, compared to ₹40,313 lakhs in Q4 FY25. The company recorded a net profit of ₹4,361 lakhs in Q4 FY26, reversing a net loss of ₹3,017 lakhs in Q4 FY25. For the full year FY26, standalone revenue from operations stood at ₹1,76,830 lakhs against ₹1,56,664 lakhs in FY25, while net profit for FY26 was ₹3,357 lakhs compared to a net loss of ₹8,548 lakhs in FY25. Basic and diluted earnings per share (face value ₹2 each) for FY26 stood at ₹2.57, compared to a loss of ₹6.54 per share in FY25.
The following table summarises key standalone financial metrics (figures in ₹ lakhs unless otherwise stated):
| Metric: | Q4 FY26 | Q3 FY26 | Q4 FY25 | FY26 | FY25 |
|---|---|---|---|---|---|
| Revenue from Operations: | 52,991 | 45,984 | 40,313 | 1,76,830 | 1,56,664 |
| Total Income: | 57,520 | 46,720 | 40,819 | 1,83,329 | 1,59,327 |
| Total Expenses: | 55,718 | 50,230 | 42,913 | 1,83,007 | 1,71,061 |
| Net Profit/(Loss): | 4,361 | (3,017) | (1,326) | 3,357 | (8,548) |
| Basic EPS (₹): | 3.34* | (2.31)* | (1.01)* | 2.57 | (6.54) |
*Not annualised
Consolidated Financial Performance
On a consolidated basis, the Group reported revenue from operations of ₹78,696 lakhs for Q4 FY26, compared to ₹65,804 lakhs in Q4 FY25. The consolidated net profit for Q4 FY26 stood at ₹10,005 lakhs, against a net loss of ₹7,305 lakhs in Q4 FY25. For the full year FY26, consolidated revenue from operations was ₹2,65,002 lakhs versus ₹2,25,764 lakhs in FY25. The consolidated net loss for FY26 narrowed significantly to ₹73 lakhs from a net loss of ₹21,668 lakhs in FY25. Basic and diluted EPS for FY26 stood at ₹(0.06) per share, compared to ₹(16.58) in FY25.
The following table summarises key consolidated financial metrics (figures in ₹ lakhs unless otherwise stated):
| Metric: | Q4 FY26 | Q3 FY26 | Q4 FY25 | FY26 | FY25 |
|---|---|---|---|---|---|
| Revenue from Operations: | 78,696 | 59,054 | 65,804 | 2,65,002 | 2,25,764 |
| Total Income: | 79,815 | 59,237 | 66,152 | 2,67,157 | 2,27,907 |
| Total Expenses: | 82,477 | 66,620 | 72,689 | 2,79,463 | 2,53,543 |
| Net Profit/(Loss): | 10,005 | (7,305) | (6,410) | (73) | (21,668) |
| Basic EPS (₹): | 7.65* | (5.59)* | (4.90)* | (0.06) | (16.58) |
*Not annualised
Consolidated Balance Sheet Highlights
As at March 31, 2026, the consolidated total assets of the Group stood at ₹4,50,527 lakhs, up from ₹4,17,660 lakhs as at March 31, 2025. Total equity increased to ₹1,86,092 lakhs from ₹1,79,433 lakhs. Non-current borrowings rose to ₹1,22,978 lakhs from ₹99,151 lakhs, while current borrowings remained broadly stable at ₹44,221 lakhs versus ₹43,649 lakhs.
Key Corporate Developments
The Board approved an Offer for Sale (OFS) of 1,38,25,821 equity shares of subsidiary Andhra Cements Limited (ACL) through the stock exchange mechanism on January 09, 2026, January 12, 2026, March 17, 2026, and March 18, 2026. As a result, Sagar Cements' shareholding in ACL reduced from 90.00% to 75.00%, generating proceeds of ₹8,764 lakhs. Additionally, the Board accorded in-principle approval for the amalgamation of Andhra Cements Limited with Sagar Cements Limited, subject to necessary approvals.
The company also completed the final redemption and payment of interest on 1,500 Non-Convertible Debentures (NCDs) of ₹10 lakh each, allotted to International Finance Corporation, amounting to ₹1,154 lakhs on May 28, 2025.
Historical Stock Returns for Sagar Cements
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.95% | +0.33% | +1.04% | -16.01% | -16.22% | +18.66% |
How will the proposed amalgamation of Andhra Cements Limited with Sagar Cements impact the consolidated debt levels and operational synergies going forward?
Given the significant improvement in standalone profitability in FY26, can Sagar Cements sustain this momentum amid potential pricing pressures and rising input costs in the cement sector?
With non-current borrowings rising sharply to ₹1,22,978 lakhs, what capacity expansion or capital expenditure plans is Sagar Cements funding, and how will it manage its debt servicing obligations?


































