Star Cement Limited has reported its audited financial results for the fiscal year ended March 31, 2026, posting strong growth across key metrics. The company recorded a consolidated net profit of ₹39.05 billion for the year, compared to ₹16.88 billion in the previous year. Revenue from operations for the fiscal year stood at ₹377.64 billion versus ₹316.33 billion in FY25, driven by robust operational performance.

FY26 Financial Performance

The company's annual performance reflects significant improvement in profitability and operational efficiency. The following table summarises the key financial metrics for the year ended March 31, 2026:

For the fourth quarter ended March 31, 2026, the company reported a net profit of ₹14.70 billion, up from ₹12.31 billion in the corresponding period of the previous year. Quarterly revenue increased to ₹117.35 billion from ₹105.20 billion in Q4FY25.

Conference Call Highlights

In a conference call held on May 26, 2026, management discussed the audited standalone and consolidated financial results. The company achieved a sales volume of 5.3 million tons in FY26, reaching the upper end of its guidance. For FY27, the company anticipates a volume growth of 10% to 12%. The EBITDA per ton for FY26 was ₹1,738, compared to ₹1,245 in FY25.

Management noted that demand in April was sluggish due to elections in Assam and West Bengal, but a pickup is expected in May. Regarding incentives, subsidies in FY27 are expected to reduce by ₹40 crore to ₹50 crore compared to FY26, where the total subsidy was ₹184 crore.

Expansion and Capex Plans

The Board has approved significant capital expenditure plans. For FY27, the capex estimate is ₹600 crore to ₹700 crore, primarily for land acquisition and approvals for grinding units in Nimbol, Haryana, and Bihar. In FY28, the capex is expected to be approximately ₹1,500 crore. The company is prioritizing the Nimbol and Bihar projects, with the Bihar grinding unit expected to be commissioned by the first or second quarter of FY29.

Board Decisions and Leadership Changes

The Board of Directors, in its meeting held on May 22, 2026, approved the audited standalone and consolidated financial results. Additionally, the Board approved significant changes in the company's leadership structure. Mr. Prem Kumar Bhajanka's designation was changed from Managing Director to Vice Chairman & Managing Director with immediate effect. Furthermore, Mr. Tushar Bhajanka was re-appointed as Managing Director & Chief Executive Officer (CEO) for a further period of three years, effective from May 22, 2026, to May 21, 2029, subject to shareholder approval.

Corporate Governance Updates

In compliance with regulatory requirements, the Board approved the re-appointment of M/s B. G. Chowdhury & Co., Cost Accountants, as Cost Auditors for FY 2026-27, subject to ratification by shareholders. The Board also approved the conduct of a postal ballot to seek shareholder approval for the re-appointment of Mr. Tushar Bhajanka as MD & CEO with revised terms and conditions. The meeting commenced at 01:30 p.m. and concluded at 03:15 p.m.

Star Cement Limited has submitted a revised list of its Key Managerial Personnel (KMP) to the stock exchanges. The disclosure, dated May 22, 2026, updates the contact information for officers authorized to determine the materiality of events and make necessary disclosures under Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Revised Contact Details

The company provided the updated contact details for three senior executives. These individuals are severally responsible for compliance with disclosure requirements.

The notification was addressed to the Listing Departments of the National Stock Exchange of India Limited and BSE Limited. The filing was digitally signed by Debabrata Thakurta, the Company Secretary.