India Cements Reports Q2 FY26 Results with 11.9% Volume Growth and Breakeven PAT
India Cements reported improved Q2 FY26 results with domestic sales volume reaching 2.44 million tonnes, an 11.9% quarter-on-quarter growth. The company achieved breakeven profitability with a PAT of ₹15.00 crores. Revenue increased to ₹1,117.00 crores, and EBITDA improved to ₹95.00 crores. Cost management efforts led to declines in fuel, power, raw material, and logistics costs. The company plans a ₹2,000.00 crore capex over two years for productivity improvements, energy efficiency, and safety standards.
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India Cements , a prominent player in the Indian cement industry, has reported its financial results for the second quarter of fiscal year 2026, showing improvements in sales volume and achieving breakeven profitability.
Q2 FY26 Performance Highlights
- Domestic sales volume reached 2.44 million tonnes, representing an 11.9% quarter-on-quarter growth.
- The company operated at 65% average capacity utilization.
- Net cement realizations declined marginally by 0.6% quarter-on-quarter.
- Operating EBITDA per tonne stood at ₹386.00, compared to ₹400.00 per tonne in Q1 FY26.
- Profit After Tax (PAT) before exceptions was ₹15.00 crores, achieving breakeven post-acquisition.
- Revenue from operations increased to ₹1,117.00 crores, up from ₹1,007.00 crores in Q2 FY25.
- EBITDA improved significantly to ₹95.00 crores from negative ₹154.00 crores in the previous year quarter.
Cost Management
The company reported quarter-on-quarter declines in key cost components:
| Cost Component | Decline |
|---|---|
| Fuel costs | 7% |
| Power costs | 13% |
| Raw materials | 9% |
| Logistics costs | 11% |
Future Plans
India Cements has planned a capex of ₹2,000.00 crores over the next two years, focusing on:
- Productivity improvements
- Energy efficiency
- Safety standards
Operational Capacity
The company operates with a total cement capacity of 14.75 MTPA across nine plants located in:
- Tamil Nadu
- Telangana
- Andhra Pradesh
- Rajasthan
Previous Half-Year Results
For context, the company's performance in the previous half-year:
- For the half-year ended September 30, 2025, India Cements reported a net loss of ₹20.61 crores, an improvement from the ₹182.52 crores loss in the same period of the previous year.
- Revenue from operations for that half-year period was ₹2,141.79 crores, up from ₹1,973.36 crores in the previous year.
Outlook
The Q2 FY26 results indicate a positive trend for India Cements, with volume growth and cost management contributing to improved financial performance. The achievement of breakeven PAT suggests that the company's strategies for operational efficiency and market positioning are yielding results. As India Cements continues with its planned capex and focus on productivity and efficiency, stakeholders will be watching closely to see if this upward trajectory can be maintained in the coming quarters.
Historical Stock Returns for India Cements
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.96% | -4.15% | -4.72% | +16.22% | +4.19% | +148.51% |
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