Star Cement Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
STARCEMENT · price
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Star Cement Limited submitted its audited standalone and consolidated financial results for FY25, approved by the Board on May 21, 2025. On a standalone basis, revenue from operations fell sharply to ₹1,99,219 lakhs from ₹2,89,369 lakhs in FY24, a drop of about 31%, and the company swung to a net loss of ₹(5,846) lakhs versus a profit of ₹22,070 lakhs in the previous year. On a consolidated basis, revenue rose about 8.7% to ₹3,16,339 lakhs, but net profit declined to ₹16,882 lakhs from ₹29,511 lakhs. The standalone loss is largely driven by the commissioning of a new 3.3 MTPA clinkerisation plant at Lumshnong in April 2024, which sharply increased depreciation, power and fuel, and freight costs. Statutory auditors Singhi & Co. issued an unmodified (clean) opinion on the results. Borrowings rose materially on a standalone basis from about ₹9,248 lakhs to ₹42,353 lakhs, reflecting capex funding.
Shareholders should note that the standalone business posted its first annual loss in several years due to high costs from the newly commissioned clinker plant, while the consolidated entity still remained profitable though with weaker margins. The higher debt and weak standalone earnings may weigh on the stock in the short term, but a clean audit opinion and revenue growth at the consolidated level provide some comfort.