We are submitting herewith Questions and Answers for investors on the Financial Results of the Company for the quarter and half year ended on 30th September 2025
Awaiting price reaction for this filing.
Sanghi Industries reported Q2 FY26 cement sales volume of 0.6 MnT, up 60% YoY from 0.4 MnT, with CLC sales of 0.7 MnT up 88% YoY. Cement capacity utilization rose to 36% from 23% YoY, though management attributed the still-low level to heavy monsoon and flood-like conditions. EBITDA jumped 711% YoY to Rs 24.9 crore (from Rs 3.1 crore), with per-ton EBITDA at Rs 444 vs Rs 87 last year. Management guided 70–75% capacity utilization for the rest of FY26 as seasonal headwinds fade. A scheduled kiln Line II shutdown added Rs 38 crore in extra costs, and higher freight expenses reflect a shift from ex-plant MSA sales to FOR-based sales to other Adani group companies.
Strong YoY growth on a low base is encouraging, and management's 70–75% utilization target signals a meaningful operational ramp-up ahead; however, the kiln shutdown cost and monsoon drag show margins remain sensitive to utilization, so investors should watch for sustained volume pickup in H2 FY26.