Sagar Cements Limited — Investor Meet, 26-07-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Sagar Cements reported strong Q1 FY26 financial results with revenue up ~20% to ₹671 Cr and EBITDA at ₹121 Cr, boosting margins to 18%. Profit stood at ₹7 Cr. Volumes grew 11% YoY. Management targets 6 million tonnes for FY26 and 7 million tonnes for FY27, focusing on margins over volume. Cost efficiency efforts and Andhra Cement's modernization are progressing. The company anticipates ₹100-150 Cr from the Vizag land sale this fiscal. Gross debt is ₹1,556 Cr with a 0.65:1 debt-to-equity ratio, aiming for ₹1,350 Cr net debt. Despite seasonal price adjustments, management believes the industry cycle has turned positive.