India Cements Q2FY27: EBITDA up 34.3% to Rs. 148 Cr on 16.2% volume growth; capacity to reach 17.55 MTPA by FY28
Q2FY27 domestic cement volume up 16.2%, EBITDA up 34.3% to Rs. 148 Cr, PAT before exceptional items Rs. 39 Cr.
By ScoutQuest · · 1 min read
- Revenue from operations
- Rs. 1,142 Cr in Q2FY27 vs Rs. 1,117 Cr a year earlier
- EBITDA
- Rs. 148 Cr (up 34.3%) from Rs. 110 Cr
- Domestic cement volume growth
- up 16.2%
- Period
- Q2FY27 (quarter ended September 2026)
- Positioning
- India Cements, an Aditya Birla UltraTech company, presents itself as a South-focused cement producer with 14.45 MTPA capacity across nine plants.
📈 Revenue from operations rose to Rs. 1,142 Cr in Q2FY27 from Rs. 1,117 Cr a year earlier, while EBITDA climbed to Rs. 148 Cr from Rs. 110 Cr and PAT before exceptional items to Rs. 39 Cr from Rs. 15 Cr. Operating EBITDA per tonne was Rs. 510, up Rs. 177/t YoY.
📉 Costs were mixed: fuel cost rose 14% YoY to Rs. 1,143/t as the fuel rate climbed to Rs. 2.15/kcal, but power cost per tonne fell to Rs. 527 from Rs. 615 as consumption dropped and renewable share rose to 24.7%. Net realisation was Rs. 3,798/t, a 1.3% decrease QoQ.
🏭 Management attributes higher EBITDA and PAT to operational efficiencies and higher capacity utilisation. The company says Rs. 2,000 Cr of investment is approved for preheater upgrades, 24 MW WHRS, 263 MW RE and 2.8 Mtpa expansion, with ~Rs. 1,728 Cr committed till September 2026.
🎯 The presentation lists a roadmap to 17.55 MTPA by FY28 via additions at Dalavoi, Banswara and Chennai, and a plan to scale green power from 6% to 80% by FY29. Net debt rose to Rs. 1,591 Cr at September 2026 from Rs. 1,271 Cr in March 2026.
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19 Oct 2026
Board approves shifting of registered office from Tamil Nadu to Maharashtra
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More numbers
- Revenue from operations, Q2FY271,142 (Rs. Cr)
- EBITDA, Q2FY27Rs. 148 Cr
- EBITDA growth YoY, Q2FY2734.3%
- Domestic cement volume growth YoY, Q2FY2716.2%
- PAT before exceptional items, Q2FY2739 (Rs. Cr)
- Operating EBITDA per tonne, Q2FY27Rs. 510
- Investment approvedRs. 2,000 Cr
- Investment committed till September 2026~Rs. 1,728Cr
- Net debt, September 20261,591 (Rs. Cr)
- Net realisation, Q2FY273,798 (Rs./t)
- Fuel cost per tonne, Q2FY271,143 (Rs./t)
- Power cost per tonne, Q2FY27527 (Rs./t)
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