Birla Corporation Limited has informed the Exchange about Transcript

Birla Corporation reported a strong Q4 FY25 with realization improving ~7% QoQ and EBITDA per ton above Rs.1,000, driven by price gains in the North and East regions. Total incentives accrued for FY25 were Rs.103 crores (Rs.41 crores in Q4), and Q4 fuel cost was Rs.1.39 per million calories. FY25 cement volume stood at ~22.5 million tons, with the new Mukutban plant contributing 7,50,000 tons in Q4 at ~80% capacity utilization. Management outlined a multi-year expansion roadmap to reach 27.6 MT capacity by FY29, involving 6.2 MT of new grinding and clinker capacity at Kundanganj, Maihar, Gaya, Prayagraj and Aligarh, with a total CAPEX of Rs.4,759 crores. FY26 CAPEX is guided at ~Rs.1,100 crores, expected net debt of ~Rs.3,000 crores, and net debt-to-EBITDA well below 2. On energy, green power share is targeted to rise from 25% to 36-37% over two years, and the Bikram coal mine is expected to start in Q3 FY26. Management was positive on volumes (industry growth guided at 6-8%) but declined to extrapolate Q4 EBITDA/ton and was vague on jute margin targets and RMC strategy details.