Enclosing the transcript of earnings call held on November 03, 2025, pertaining to Unaudited Financial Results of the Company for the quarter and half year ended 30th September, 2025.

Sanghi Industries has filed the full transcript of the Q2 FY26 earnings call held with analysts on November 3, 2025. The call, led by Ambuja Cements CEO Vinod Bahety and CFO Rakesh Tiwary, reported consolidated Q2 volume of 16.6 million tons (up 20% year-on-year, 5x the industry's 4% growth), revenue of Rs 9,174 crore (up 21%) and EBITDA of Rs 1,761 crore (up 58%) at Rs 1,060 per ton, with margins expanding 450 basis points to 19.2%. Profit after tax jumped 364% to Rs 2,302 crore (including a one-time tax write-back of Rs 1,697 crore), the company remained net debt-free with a CRISIL AAA rating, and net worth stood at Rs 69,493 crore. Management raised its FY28 cement capacity target to 155 million tons (from 140) and guided to total cost of Rs 4,000/ton by March 2026, Rs 3,800 by March 2027 and Rs 3,650 by March 2028, while targeting EBITDA of Rs 1,500/ton by FY28. For Sanghi specifically, the plant was highlighted as having the potential to become one of the lowest-cost clinker producers, with clinker debottlenecking from 6.5 MT to 7.5 MT possible, and full integration of Penna, Sanghi and Orient was said to be progressing well with the West and South clusters seeing strong demand.