Star Cement Limited — Investor Meet, 26-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Star Cement posted Q4 FY25 revenue of Rs.1,052 Cr (+15% YoY), EBITDA at Rs.268 Cr (+43%), and PAT at Rs.123 Cr (+40%). Volumes rose to 14.75 lakh tons. Full-year revenue was Rs.3,163 Cr with EBITDA at Rs.589 Cr; PAT declined to Rs.169 Cr due to higher depreciation from new units. FY26 volume guidance stands at 5.4-5.5 million tons with Rs.5-7/ton price hikes in Q1. CAPEX of Rs.823 Cr planned for FY26, focusing on Silchar, Jorhat, and Rajasthan expansion. Northeast capacity suffices for 4-5 years; future growth shifts to Rajasthan. Net debt near Rs.200 Cr. Management is cautiously optimistic on demand, margin gains from kiln ramp-up, and subsidy support.