Sagar Cements Limited announced its unaudited consolidated and standalone financial results for the third quarter and nine months ended December 31, 2025. The cement manufacturer reported mixed performance with revenue growth but continued operational losses during the quarter.

Consolidated Financial Performance

The company's consolidated operations showed revenue growth despite increased quarterly losses. Total income for Q3FY26 reached ₹592.37 crores compared to ₹568.69 crores in Q3FY25, representing a 4.16% increase.

The company's total expenses increased to ₹666.20 crores in Q3FY26 from ₹632.92 crores in Q3FY25. Major expense components included power and fuel expenses of ₹231.87 crores, freight and forwarding expenses of ₹123.64 crores, and cost of materials consumed at ₹123.98 crores.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, the company demonstrated significant improvement in financial performance. The consolidated net loss reduced substantially to ₹100.78 crores from ₹143.63 crores in the corresponding period of the previous year.

Standalone Operations

The standalone financial results showed improved performance with reduced losses. For Q3FY26, the standalone net loss was ₹13.26 crores compared to ₹24.26 crores in Q3FY25, representing a 45.34% improvement.

For the nine-month standalone period, the net loss was ₹10.04 crores compared to ₹55.31 crores in the previous year, showing an 81.84% improvement.

Corporate Developments

Several significant corporate actions took place during and after the reporting period:

• The company completed the final redemption of 1,500 Non-Convertible Debentures worth ₹1,154 lakhs to International Finance Corporation on May 28, 2025
• Post reporting date, the Investment Committee approved an Offer for Sale of up to 75 lakh equity shares of subsidiary Andhra Cements Limited
• The company executed the OFS of 71.49 lakh equity shares on January 9 and 12, 2026, reducing its shareholding in Andhra Cements Limited from 90% to 82.24%

Operational Highlights

The company operates in the manufacture and sale of cement and cement-related products as a single reportable business segment. The financial results include the parent company Sagar Cements Limited and its subsidiaries Sagar Cements (M) Private Limited and Andhra Cements Limited.

The results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on January 21, 2026. The statutory auditors B S R and Co issued an unmodified conclusion for the limited review of the quarterly and nine-month results.

Sagar Cements Limited has informed stock exchanges about the re-appointment of Smt. N. Sudha Rani as Nominee Director on its Board of Directors. The appointment follows recommendations from the company's Nomination & Remuneration Committee and adheres to SEBI listing obligation requirements.

Director Re-appointment Details

The Board of Directors has re-appointed Smt. N. Sudha Rani (DIN: 09032212) as Nominee Director representing Telangana Industrial Development Corporation Limited (TSIDC). The appointment becomes effective from January 20, 2026, and will continue until January 31, 2028, subject to shareholder approval.

Regulatory Compliance

The company has filed the intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In compliance with BSE Circular No. LIST/COMP/14/2018-19 dated June 20, 2018, Sagar Cements confirmed that Smt. N. Sudha Rani has not been debarred from holding directorship by SEBI or any other regulatory authority.

Director Profile and Independence

Smt. N. Sudha Rani currently holds the position of Deputy General Manager (EPM & Accounts) at TSIDC. The company has disclosed that she maintains no relationships with existing directors, managers, or key managerial personnel of Sagar Cements Limited, ensuring independence in her nominee director role.

Corporate Governance Framework

The re-appointment demonstrates Sagar Cements' commitment to maintaining proper corporate governance standards and regulatory compliance. The decision reflects the continued collaboration between the company and TSIDC, with the nominee director serving as a bridge between the two organizations while maintaining board independence and oversight responsibilities.