Saurashtra Cement502175Quarterly results
Board approved unaudited Q2 and H1 results; auditor review conclusion unmodified
Board met on 4 November 2026 (5.45 p.m. to 7.15 p.m.) and approved the unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026; the Audit Committee reviewed and recommended them.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 37,673.02 | 38,563.87 | −2.3% | 45,674.50 | −17.5% |
| Total income | 37,874.27 | 39,040.83 | −3% | 46,200.93 | −18% |
| Profit before tax | (1,256.08) | (1,753.87) | +28.4% | 1,195.94 | — |
| Profit after tax | (867.87) | (1,098.03) | +21% | 912.73 | — |
| Total comprehensive income | (829.97) | (1,087.46) | +23.7% | 885.67 | — |
| Basic EPS | (0.78) | (0.99) | +21.2% | 0.82 | — |
- Period
- Sept. 30, 2026 (Unaudited)
Auditor's review
Conclusion: Unmodified
Notes to the results
- Exceptional item: Profit on sale of Property of ₹ 957.97 lakhs recognised in the quarter ended Sept. 30, 2026.
- Consolidated results include Agrima Consultants International Limited (a wholly owned subsidiary).
- The Company operates in two reportable segments: Cement & Cement related products and Paints.
What the board approved
- The Board of Directors met on Wednesday, 4 November 2026, from 5.45 p.m. to 7.15 p.m., and considered and approved the unaudited financial results (standalone and consolidated) for the second quarter and half year ended 30 September 2026.
- The results were reviewed and recommended by the Audit Committee and approved by the Board at their respective meetings held on 4 November 2026.
- The company operates in two reportable segments: cement and cement related products, and paints.
What the auditors said
- Manubhai & Shah LLP, Chartered Accountants, reviewed the standalone and consolidated statements under the Standard on Review Engagements 2410. Both conclusions are unmodified: nothing came to the auditors' attention that causes them to believe the statements contain any material misstatement.
- A review is not an audit; the auditors state that they do not express an audit opinion.
- In the consolidated review they note that the interim financial results of a subsidiary were not reviewed by its auditors. Those results reflect total assets of ₹82.09 lakh and total revenues of ₹0.92 lakh for the quarter and ₹1.85 lakh for the half year, with total net loss after tax of ₹7.27 lakh and ₹14.55 lakh respectively. Management states these results are not material to the Group, and the auditors' conclusion is not modified on this account.
Standalone results (₹ in lakh)
- Revenue from operations: 37,673.02 in the quarter ended September 2026, against 38,563.87 a year earlier; 83,347.52 for the half year, against 80,920.46.
- Total income: 37,873.35 in the quarter, against 39,040.47.
- Net profit for the period: a loss of 860.60 in the quarter, against a loss of 1,103.24 a year earlier; a profit of 59.41 for the half year, against 575.90.
- Earnings per share (face value ₹10, basic, not annualised): (0.77) for the quarter against (0.99); 0.05 for the half year against 0.52.
Consolidated results (₹ in lakh)
- Revenue from operations: 37,673.02 for the quarter; 83,347.52 for the half year.
- Net profit for the period: a loss of 867.87 for the quarter, against a loss of 1,098.03 a year earlier; a profit of 44.86 for the half year, against 587.43.
Segment picture (standalone, quarter, ₹ in lakh)
- Cement and cement related products: revenue 35,830.60, segment result (333.60).
- Paints: revenue 1,842.42, segment result (638.28).
Balance sheet and cash (standalone, ₹ in lakh)
- Total assets 1,62,457.67 as at 30 September 2026, against 1,58,793.49 as at 31 March 2026.
- Current borrowings 12,594.44, against 7,563.14; non-current borrowings 3,683.80, against 3,055.96.
- Net cash generated from / (used in) operating activities for the half year: (2,713.01), against 6,525.83 in the same half last year. Net cash generated from financing activities for the half year: 5,242.48.
How a retail investor can read it
- The quarter's bottom line is a loss at both standalone and consolidated level, though smaller than the loss in the same quarter last year; the half-year profit is well below last year's comparable figure.
- Revenue from operations for the quarter was slightly lower than a year earlier on a standalone basis, while half-year revenue was higher.
- The results carry an unmodified review conclusion, which means the auditors did not flag a material misstatement in the statements they reviewed.
37,874.27 (₹ in lakhs)Total income, latest quarter
Standalone Total income, (₹ lakh₹37,873.35 lakh
Total assets of subsidiary results not reviewed (₹ lakh₹82.09 lakh
₹59.41 lakh-89.7%
Previous year₹575.90 lakhAfter₹59.41 lakh
Also from Saurashtra Cement
Board approves Q2 results; standalone net loss of ₹ 860.60 lakhs for the quarter
4 Nov 2026
Board meeting on 4 November 2026 to consider and approve Q2 and half year un-audited results
22 Oct 2026
Board approves appointment of Anurag Tiwari as Managing Director – Designate, Senior Management Personnel
12 Oct 2026
More numbers
- Standalone Total income, Q2 (₹ lakh)37,873.35
- Standalone Net profit for the period, Q2 (₹ lakh)(860.60)
- Standalone Net profit for the period, half year (₹ lakh)59.41
- Standalone Net profit for the period, half year previous year (₹ lakh)575.90
- Standalone Revenue from operations, half year (₹ lakh)83,347.52
- Total assets of subsidiary results not reviewed (₹ lakh)82.09
- Total income, latest quarter37,874.27 (₹ in lakhs)
- Total income, year-ago quarter39,040.83 (₹ in lakhs)
- Total income, previous quarter46,200.93 (₹ in lakhs)
- Total comprehensive income, latest quarter(829.97) (₹ in lakhs)
- Total comprehensive income, year-ago quarter(1,087.46) (₹ in lakhs)
- Total comprehensive income, previous quarter885.67 (₹ in lakhs)
- Profit after tax, latest quarter(867.87) (₹ in lakhs)
- Profit after tax, year-ago quarter(1,098.03) (₹ in lakhs)
- Profit after tax, previous quarter912.73 (₹ in lakhs)
- Revenue from operations, latest quarter37,673.02 (₹ in lakhs)
- Revenue from operations, year-ago quarter38,563.87 (₹ in lakhs)
- Revenue from operations, previous quarter45,674.50 (₹ in lakhs)
- Profit before tax, latest quarter(1,256.08) (₹ in lakhs)
- Profit before tax, year-ago quarter(1,753.87) (₹ in lakhs)
- Profit before tax, previous quarter1,195.94 (₹ in lakhs)
Source: BSE · 4 Nov 2026
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