The India Cements Limited — PPTs, 19-07-2025: Investor Presentation

**Financial Highlights:**

Q1 FY26 saw net sales of ₹1025 Cr, flat YoY. EBITDA surged to ₹92 Cr, a strong turnaround from prior negative figures, with EBITDA/Mt jumping to ₹424 QoQ. Domestic sales volume grew 11.6% YoY to 2.18 MnT, and cement realizations improved 5.7% QoQ. Effective cost management reduced finance, logistics, and power & fuel expenses. Net working capital turned positive. A PAT loss of ₹133 Cr included a large exceptional expense, and operating cash flow was negative due to working capital.

**Strategic Initiatives & Growth Drivers:**

The company is implementing capex plans for efficiency, aiming for benefits from Q4 FY27, focusing on process optimization and energy savings. A major green power initiative targets increasing Green Power (RE+WHRS) share from 5% to 86% by FY27, involving significant WHRS and Renewable Energy capacity expansion.

**Business Developments:**

Capacity utilization averaged 61% for the quarter, contributing to robust domestic sales volume growth.

**Market Position & Competitive Advantage:**

With 14.75 Mtpa capacity, the company holds a strong regional position. Improved realizations, proactive cost control, and substantial green energy investments bolster its competitive edge and long-term sustainability.

**Investor Implications:**

The significant EBITDA rebound and volume growth signal positive operational momentum. Strategic investments in efficiency and green power offer positive growth potential. However, the reported net loss (due to exceptional items) and negative operating cash flow require monitoring.