Star Cement Limited has informed the Exchange about Transcript
STARCEMENT · price
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Star Cement reported strong FY26 results with cement volumes of 5.3 million tons (achieving upper end of 5.5 million ton guidance). Q4 revenue was INR1,174 crore (up 12% YoY), EBITDA of INR324 crore, and PAT of INR147 crore. Full year revenue was INR3,776 crore with EBITDA of INR955 crore and PAT of INR390 crore. Per ton EBITDA for FY26 was INR1,738 vs INR1,245 in FY25. Management guided for 10-12% volume growth in FY27 and maintained EBITDA per ton guidance of INR1,500-1,700 for Northeast operations for the next 2-3 years. Capex plans include INR600-700 crore in FY27 and INR1,500 crore in FY28, with total capex of INR4,800 crore across 5 expansion projects. Subsidy/incentive income is expected to decline by INR40-50 crore in FY27. Coal cost pressure of INR0.10-0.15 per GCV is expected in Q1-Q2 due to rake shortages, with overall H1 FY27 cost impact estimated at INR250-300 crore.
The company delivered strong margins and volume growth, with management guiding to maintained profitability despite near-term fuel cost pressures. The multi-year capex roadmap and volume growth guidance of 10-12% provide visibility, though investors should monitor EBITDA per ton trajectory as new capacity comes online and subsidy income declines.