Saurashtra Cement502175Quarterly results

Board approves Q2 results; standalone net loss of ₹ 860.60 lakhs for the quarter

Saurashtra Cement's board approved unaudited results for Q2 and H1 of FY27 (quarter and half year ended 30 September 2026).

By ScoutQuest · Wed 4 Nov 2026, 7:58 PM IST · 3 min read

Standalone revenue (Q2): ₹ 37,673.02 lakhs
Standalone net loss (Q2): ₹ 860.60 lakhs, against a profit of ₹ 920.01 lakhs in the June 2026 quarter
Half year standalone net profit: ₹ 59.41 lakhs

Board approves September quarter results

The board of Saurashtra Cement met on 4 November 2026 and approved the unaudited standalone and consolidated financial results for the second quarter and half year ended 30 September 2026. The audit committee reviewed and recommended them, and Manubhai & Shah LLP issued limited review reports with unmodified conclusions on both statements.

Quarterly numbers (standalone)

Revenue from operations: ₹ 37,673.02 lakhs
Total income: ₹ 37,873.35 lakhs
Total expenses: ₹ 40,080.13 lakhs
Profit before exceptional items and tax: a loss of ₹ 2,206.78 lakhs
Net loss for the quarter: ₹ 860.60 lakhs
Net profit in the preceding quarter ended 30 June 2026: ₹ 920.01 lakhs
Net loss in the quarter ended 30 September 2025: ₹ 1,103.24 lakhs
Earnings per share, basic and diluted: ₹ (0.77)

The company moved from a profit in the June 2026 quarter to a loss in the September 2026 quarter, while the loss is smaller than in the September 2025 quarter.

Segment picture (standalone)

Cement and cement related products: revenue ₹ 35,830.60 lakhs and a segment result (loss) of ₹ 333.60 lakhs
Paints: revenue ₹ 1,842.42 lakhs and a segment result (loss) of ₹ 638.28 lakhs
In the June 2026 quarter the cement segment result was a profit of ₹ 2,434.40 lakhs and the paints segment result a loss of ₹ 936.40 lakhs

One-time item in the quarter

An exceptional item described as profit on sale of property of ₹ 957.97 lakhs

Half year (standalone)

Revenue from operations: ₹ 83,347.52 lakhs
Net profit for the half year: ₹ 59.41 lakhs
Total comprehensive income: ₹ 70.25 lakhs
Net cash used in operating activities: ₹ 2,713.01 lakhs, against net cash generated of ₹ 6,525.83 lakhs in the half year ended 30 September 2025

Consolidated

Revenue from operations for the quarter: ₹ 37,673.02 lakhs
Net loss for the quarter: ₹ 867.87 lakhs
Net profit for the half year: ₹ 44.86 lakhs
The consolidated results include Agrima Consultants International Limited, a wholly owned subsidiary

Balance sheet (standalone, as at 30 September 2026)

Total assets: ₹ 1,62,457.67 lakhs, against ₹ 1,58,793.49 lakhs as at 31 March 2026
Non-current borrowings: ₹ 3,683.80 lakhs
Current borrowings: ₹ 12,594.44 lakhs, against ₹ 7,563.14 lakhs as at 31 March 2026
Cash and cash equivalents: ₹ 6,018.47 lakhs

What a reader can take away

The quarter ends in a net loss, with the cement segment result turning negative and the paints segment continuing to report a loss.
The half year remains in net profit, helped by the one-time gain on sale of property and a tax line that was a credit for the half year.
Borrowings are higher at 30 September 2026 than at 31 March 2026, and the half year shows cash going out of operating activities.

Auditor note on consolidation

The consolidated results include a subsidiary whose interim results were not reviewed by its auditors and were furnished by management; the auditors state their conclusion is not modified in respect of this matter.

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