The company’s revenue from operations, however, grew a marginal 3% to Rs 1,218 crore for the quarter under review. EBITDA also grew to Rs 179 crore, more than a six-fold increase from Rs 23 crore posted in the corresponding quarter of the previous financial year.
The gains in profitability come even as raw materials costs rose to Rs 1,053 crore, translating to an 12% and 14% QoQ and YoY, respectively.
The company achieved domestic sales volume of 3.12 MnT during the quarter, marking an 18% year-on-year growth. Net realizations improved by 3.5% quarter-on-quarter. Operating EBITDA per metric tonne rose to Rs 497, compared with Rs 305 per metric tonne in Q3 FY26. Capacity utilisation stood at 84%, up 11% year-on-year, the company said in its investor presentation.
The company also said brand migration was completed in March 2026. It has outlined a Rs 2,000 crore capex plan over the next two years, including capacity expansion of 2.8 million tonnes per annum, waste heat recovery systems, and renewable power initiatives.
As for the full financial year, the company ended the year with a consolidated net loss of Rs 67 crore, sharply lower from Rs 144 crore reported for FY25. However, revenue from operations jumped 8% to Rs 4,454 crore in FY26 from Rs 4,132 crore in the previous financial year.
As per a Nuvama report, the Indian cement industry is set for a period of healthy demand in the first quarter of FY27, even though rising input costs threaten to weigh on overall profitability.Despite a series of price hikes initiated in early April across various regions, the report maintained a cautious outlook on the sector’s financial margins. The industry currently navigates a complex landscape where robust government infrastructure spending offsets a significant slowdown in the residential real estate market.
The report noted that the overall government capital expenditure, which includes central, state, and CPSE investments, surged approximately 26 per cent year-on-year to nearly Rs 2.3 trillion in February 2026 alone. This momentum followed a more subdued performance in the previous fiscal year, with central government spending catapulting 60 per cent in February after consecutive declines in preceding months.
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