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Earnings Call

Star Cement Earnings Call: Key Takeaways

Star Cement delivered a strong FY26 with EBITDA growth outpacing revenue, but aggressive multi-year capex and fuel cost inflation present looming margin pressures.

Why this was an Alfa AlertNot a filter event. Results were at the upper end of guidance, not materially beating it by 10%.
Highlights
Revenue growthFY26 revenue reached ₹3,776cr, up from ₹3,163cr in FY25.
MarginsEBITDA per ton improved to ₹1,738 from ₹1,245 YoY.
Demand visibilitySluggish April/May due to elections; recovery expected from June onwards.
Management confidenceHigh confidence in Northeast dominance but cautious on near-term fuel costs.

Growth

FY26 EBITDA rose 62% YoY on 11.5% cement volume growth, showing robust operational efficiency.

Outlook

Targeting 10-12% cement volume growth; ₹2,100cr+ capex planned through FY28 for massive expansion.

Risks

Rising fuel costs (15-20 paise/kcal) and potential price wars from mainland players entering Northeast.

Source

Earnings Call filed with NSE, NSE: STARCEMENT. Summary written with AI assistance from the document.

Read the document ↗

Star Cement Ltd: key numbers

Share price
₹186.61
Market cap
₹7,542 Cr
Revenue (annual)
₹3,776 Cr
Net profit (annual)
₹393.4 Cr
P/E (TTM)
20.4×Sector 33.0×
Promoter holding
58.10%-0.02% QoQ
FII holding
2.29%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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