Sagar Cements Q2 FY26 call: Revenue Rs 602 cr, guides Rs 600 EBITDA/tonne for FY26

Management guided margin improvementInvestor Communications View source PDF Explain this filing

SAGCEM · price

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On the reaction day the stock moved in line with Nifty Microcap 250 and 0.2 pts less than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Q2 FY26: Revenue Rs 602 cr (+27% YoY), volume growth 17%. EBITDA Rs 51 cr vs Rs 20 cr YoY, margin rose to 9% from 4%. EBITDA per tonne Rs 377 (Rs 530 ex-inventory adjustment). Loss after tax Rs 44 cr. Maintains FY26 volume guidance of 6 MT and EBITDA per tonne of Rs 600. Capex raised to about Rs 450 cr for FY26. Capacity to reach 12 MTPA by FY27. Vizag land sale delayed by 3-6 months. Gross debt Rs 1,610 cr, debt-equity 0.69:1.

Likely market impact

Margin expansion and capacity ramp-up are positives; near-term pricing weak, net loss persists, land sale deferred. Watch H2 pricing recovery.