| Revenue growth | Revenue +17% YoY, volume-led (+26%); realisations lagged volumes. |
|---|---|
| Margins | Margins compressed on fuel and maintenance; ~₹500/t realisation uplift expected Q3. |
| Demand visibility | Demand resilient; AP/Telangana +15% YTD, Kerala +12%, Tamil Nadu +10%. |
| Management confidence | Balanced to optimistic; reiterated volume guidance, margins deferred to H2. |
Growth
Volume +26% and revenue +17% YoY; growth was volume-led with realisations lagging. Net profit ₹52 Cr, YoY change not stated.
Outlook
FY27 AITA ₹350–375 Cr; H2 AITA ~₹650/t; FY27 volume ~7 Mt; FY28 volume 8–8.25 Mt.
Risks
Andhra plant still 20–30k t/month short of breakeven; fuel up ~₹200/t; net debt above plan and ROCE very low.
Last quarter's promises, checked
Delivered
- Volume growth ~15% → Q2 +26% YoY (= BEAT)
- South demand 8–10% → AP/Telangana +15% YTD, Kerala +12%, TN +10% (= BEAT)
Partly delivered
- FY27 ~7 Mt → reiterated; Q1 +13%, Q2 +26% YoY (= PARTIAL)
- EBITDA/t ₹500–550 → Q2 margins compressed, EBITDA/t not reported (= PARTIAL)
Missed
- Cost rise ₹100/t (fuel ₹50) → fuel up ~₹200/t (= MISS)
- Net debt ₹1,565 Cr falling to ₹1,159 Cr → ~₹1,600 Cr, above plan (= MISS)
Earnings Call Transcript filed with BSE, NSE: SAGCEM. Summary written with AI assistance from the document.
Sagar Cements Ltd: key numbers
- Share price
- ₹125.03
- Market cap
- ₹1,634 Cr
- Revenue (annual)
- ₹2,650 Cr
- Net profit (annual)
- ₹-11.07 Cr
- P/E (TTM)
- -44.3×Sector 33.1×
- Promoter holding
- 48.33%+0.00% QoQ
- FII holding
- 1.63%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Sagar Cements Ltd
All →Sagar Cements Investor Presentation: Key Takeaways
Q2 FY27 revenue ₹705 Cr (+17% YoY), EBITDA ₹45 Cr (-12%), net loss ₹52 Cr. Volume +26%, margin pressure from costs and soft prices.
Sagar Cements Q2 FY27 Results: Net Loss of ₹51.5 Cr, Loss Widens
Sagar Cements reported a Q2 standalone net loss of Rs.2,058 lakh. The unaudited results were approved by the board on 30 October 2026.
- Key figure
- Net loss ₹51.5 Cr
Sagar Cements Board Meeting Date
Sagar Cements Limited will hold a board meeting on October 30, 2026, to consider the company's standalone and consolidated financial results for the quarter ended September 30, 2026.
Sagar Cements Other Announcement
Sagar Cements Ltd submitted its quarterly shareholding pattern for the quarter ended September 30, 2026, as required under SEBI Regulation 31(1)(b).
Sagar Cements Production Started
Sagar Cements' subsidiary, Andhra Cements Limited, successfully commissioned its expanded cement grinding capacity at the Sri Durga Cement Works plant in Andhra Pradesh.
- incremental grinding capacity
- 1.18 MTPA
Sagar Cements Earnings Call Transcript: Key Takeaways
Management maintains a confident stance on 13% volume growth despite input cost headwinds. While Q1 saw seasonal and election-related labor disruptions, commissioning of new capacity and waste heat recovery systems are expected to drive H2 margins.