Outcome of the Board Meeting held on 22nd May, 2026 is attached herewith.
STARCEMENT · price
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Star Cement Limited's Board approved audited standalone and consolidated financial results for Q4 and FY ended March 2026. Standalone revenue grew ~19.7% YoY to ₹2,38,363 lakhs, while consolidated revenue rose to ₹3,77,649 lakhs. Standalone PAT turned positive at ₹13,027 lakhs vs a loss of ₹5,847 lakhs in FY25, and consolidated PAT jumped to ₹39,046 lakhs from ₹16,877 lakhs, driven by improved margins and higher volumes. The company also recognised additional labour code provision of ₹580 lakhs as an exceptional item, totalling ₹1,132 lakhs for the year. Leadership changes include Mr. Prem Kumar Bhajanka elevated to Vice Chairman & MD, and Mr. Tushar Bhajanka promoted to MD & CEO with a 3-year re-appointment subject to shareholder approval. Singhi & Co. issued an unmodified audit opinion on both standalone and consolidated results.
Strong turnaround in profitability with PAT growth exceeding 25% on consolidated basis, boosted by new grinding unit at Silchar commencing production. Unmodified audit opinion with no going concern issues signals financial health, though exceptional labour provisions and rising debt levels warrant monitoring.