Sagar Cements is engaged in the business of manufacture and sale of cement. Presenting below are its Q2 FY26 earnings results.
Q2 FY26 Earnings Results
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Consolidated Revenue from Operations: ₹601.86 crore, up 26.7% YoY from ₹475.12 crore in Q2 FY25, reflecting firm demand and improved operational scale.
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Consolidated Net Loss: ₹44 crore, a significant downturn compared to a profit of ₹23.90 crore in Q2 FY25, primarily on account of elevated power, fuel, and freight costs.
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H1 FY26 Revenue: Up 22.9% YoY, half-year results show narrowing losses compared to prior year.
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Cost Pressures: Higher energy and freight costs ate into margins despite volume growth.
Operational Performance
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Cement Dispatches: ₹ (approx.) 1.31 million tonnes in Q2 FY26 (up 18% YoY).
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EBITDA: ₹60 crore, up 900% YoY with margins expanding to 10.22%, a healthy recovery from previous quarters.
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Power & Fuel Costs: Reduced to ₹1,626 per tonne versus ₹1,935 a year earlier, reflecting efficiency gains.
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Freight Costs: Stable at ₹850–860 per tonne.
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Capex: Planned ₹360 crore focusing on capacity expansion and renewable energy.
Management Commentary & Strategic Outlook
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The company highlighted strong cement dispatch growth and mix improvements as key revenue drivers.
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Acknowledged margin pressure from increasing input costs but expects Q3/Q4 margins improvement driven by volume and cost optimization.
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Approved ₹150 crore incentives from the Madhya Pradesh government to be disbursed over seven years, providing cash flow support.
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Continued focus on expanding production capacity, operative efficiency, and logistical network to enable higher EBITDA per tonne in coming quarters.
Q1 FY26 Earnings Results
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Consolidated Revenue: ₹540 crore.
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EBITDA: ₹48 crore (margin 8.9%).
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PAT: ₹11.3 crore.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.