Enclosing the transcript of the Earnings call held on 30th January 2026, pertaining to the Unaudited Financial Results for the quarter and nine months ended 31st December 2025

Sanghi Industries filed the transcript of the Q3 FY26 earnings conference call held on January 30, 2026, hosted by Antique Stockbroking and primarily led by Ambuja Cements management (CEO Vinod Bahety, CFO Rohit Soni), covering the consolidated Adani Cement group that includes Sanghi, ACC, Orient Cement and Penna. On a consolidated basis, the group posted sales volume of 18.9 million tons (up 17% YoY), revenue of INR10,277 crores (up 20%), operating EBITDA of INR1,353 crores (up 53%), and PAT of INR378 crores (up 258% YoY on normalized basis), with EBITDA per ton at INR718 (up 31%). Management reiterated its cost-reduction roadmap of INR3,800 per ton by March 2027 and INR3,650 per ton by March 2028, highlighting that the December 2025 month-end cost had already dropped to below INR4,000 per ton versus the quarter average of INR4,500. The group also detailed its capacity expansion to 155 million tons per annum by March 2028, supported by about INR10,000 crores of annual capex, with key upcoming milestones including commissioning of the Maratha clinker unit and utilization ramp-up of acquired assets (Sanghi at 80% clinker and 65% cement utilisation by December exit). The company highlighted that the proposed amalgamation of ACC and Orient Cement with Ambuja Cements, together with the ramp-up of 898 MW of already-commissioned renewable energy (target 1,122 MW by FY27), will drive future EBITDA expansion.