Latest news about Saurashtra Cement
Saurashtra Cement
62.53
+1.15(+1.87%)
Company Performance:
View Company Insights1D+1.87%
1M+0.68%
6M-36.22%
1Y-30.80%
5Y-46.62%
More news about Saurashtra Cement
28Jan 26
Saurashtra Cement Limited Schedules Board Meeting for February 9, 2026 to Review Q3FY26 Financial Results
Saurashtra Cement Limited has scheduled a board meeting for February 9, 2026, to consider unaudited financial results for Q3FY26 and nine months ended December 2025, in compliance with SEBI (LODR) Regulations. The company's trading window has been closed since January 1, 2026, and will reopen on February 12, 2026, following the results declaration.
12Dec 25
Saurashtra Cement Receives Notice for Income Tax Appeal Hearing Scheduled for February 2026
Saurashtra Cement Limited has received notice for an Income Tax Appeal hearing on 3 February 2026 before the Income Tax Appellate Tribunal. The appeals concern transfer pricing adjustments for assessment years 2016-17 to 2021-22, which were previously decided in the company's favor by the Commissioner of Income Tax (Appeals). The financial impact will be determined after the tribunal's decision.
07Nov 25
Saurashtra Cement Reports Narrowed Losses and Revenue Growth in Q2 FY26
Saurashtra Cement Limited (SCL) has shown significant improvement in Q2 FY26 financial results. Revenue from operations increased by 30.16% to ₹38,563.87 lakhs. Net loss reduced by 64.97% to ₹1,103.24 lakhs. EBITDA loss narrowed by 69.90%. The cement and clinker segment saw a 32.08% revenue increase, while the paints segment experienced a 4.79% decline. The company maintains a healthy balance sheet with a debt-to-equity ratio of 0.66.
25Oct 25
Saurashtra Cement Faces Rs 16.56 Crore Tax Demand, Company to Explore Legal Options
Saurashtra Cement Limited has received a tax demand order of ₹16.56 crores from the Office of the Commissioner of Central Excise & CGST, Bhavnagar. The order alleges ineligible availment and utilization of Input Tax Credit under GST for FY 2018-19 to 2023-24. The demand includes ₹7.74 crores in tax and ₹8.82 crores in penalties, plus applicable interest. Saurashtra Cement considers the demand not maintainable and is evaluating options, including filing an appeal. The company does not anticipate any material impact on its financials or operations.
26Sept 25
Saurashtra Cement's Jay Mehta to Transition from Executive to Non-Executive Chairman
Saurashtra Cement Limited announced that Jay Mahendra Mehta will transition from Executive Chairman to Non-Executive Chairman, effective September 26, 2025. Mehta requested this change to focus on commitments outside India. He will no longer draw a fixed salary but will continue to serve on the Board. Mehta, associated with the company since 1987, was most recently appointed Executive Chairman in August 2024. The Board acknowledged his valuable leadership and looks forward to his continued strategic support.
04Sept 25
Saurashtra Cement Appoints Prakash Chand Jain as New CFO
Saurashtra Cement Limited (SCL) has appointed Mr. Prakash Chand Jain as its new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective September 5, 2025. The appointment was approved by SCL's Board of Directors based on recommendations from relevant committees. Mr. Rakesh Mehta, the interim CFO, will step down on September 4, 2025. This change was disclosed to stock exchanges in compliance with SEBI regulations.
25Jul 25
Saurashtra Cement Announces CFO Resignation, Interim Appointment, and Q1 Profit Surge
Saurashtra Cement Limited announced CFO Pradeep Mehta's resignation, appointing Rakesh H. Mehta as interim CFO from July 26, 2025. The company reported impressive Q1 2025 results with revenue increasing 9.79% to ₹42,356.59 lakhs and net profit surging 71.38% to ₹1,679.14 lakhs year-over-year. The cement segment performed well, while the paints segment reported a loss. A planned kiln shutdown at the Ranavav Plant for maintenance was also announced.
24Jul 25
Saurashtra Cement Reports Strong Q1 Performance with 51% Jump in EBITDA
Saurashtra Cement Limited reported impressive Q1 FY24 results. EBITDA increased by 51% to ₹347 million, with EBITDA margin improving to 8.20%. Net profit surged 71% to ₹168 million, while revenue grew 8.8% to ₹4,200 million. The company also announced a planned 20-day shutdown of its Ranavav Plant kiln for annual maintenance starting July 25, with cement dispatches continuing during this period.
22May 25
Saurashtra Cement Reports Improved Q4 EBITDA and Net Profit
Saurashtra Cement's Q4 results show improved profitability despite a slight revenue decline. EBITDA increased to ₹538.00 crore from ₹449.00 crore year-over-year, with EBITDA margin expanding to 11.25% from 9.03%. Net profit rose to ₹331.00 crore from ₹317.00 crore, marking a recovery from the previous quarter's loss. Revenue slightly decreased to ₹4.78 billion from ₹4.97 billion year-over-year.
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