Star Cement Limited — PPTs, 14-08-2025: Investor Presentation

**Financial Highlights:**

Star Cement reported strong Q1 FY26 results with Cement and Clinker sales volume up 12.4% YoY to 12.96 Lac tons. Revenue increased 24% YoY to INR 912 Cr, and EBITDA surged 94% YoY to INR 230 Cr, achieving an industry-leading EBITDA of INR 1,774/ton. Profit After Tax rose significantly by 508% YoY to INR 98 Cr. Sales realizations grew 4.2% YoY, and premium sales accounted for 12.2% of trade sales.

**Strategic Initiatives & Growth Drivers:**

The company plans to expand cement capacity to ~12 MTPA by FY27, with upcoming 2 MTPA units in Silchar (FY26) and Jorhat (FY27). Total CAPEX planned for FY26 is ~INR 800 Cr. Significant focus on ESG goals includes targeting 55% green energy share by FY26 and 20% Thermal Substitution Rate. Full benefits from a 12MW Waste Heat Recovery System are now accrued.

**Business Developments:**

Commercial production of AAC blocks commenced on June 2, 2025. A state subsidy of ₹150 Cr plus has been approved for SCNEL, with disbursement expected in Q2 FY26. The Silchar project is progressing rapidly, anticipating production during the peak Q4 period.

**Market Position & Competitive Advantage:**

Star Cement maintains its position as the largest cement manufacturer in North-East India, holding ~27% market share in the region. Its strong brand recall, quality products, and comprehensive supply chain contribute to its market leadership. The company is also expanding into other building materials like AAC blocks.

**Investor Implications:**

The Q1 FY26 performance demonstrates robust financial health driven by volume and margin expansion. Aggressive capacity expansion and the launch of new products like AAC blocks signal positive growth potential. Strategic initiatives in green energy and efficiency also bode well for long-term operational sustainability.