The India Cements Limited — PPTs, 17-10-2025: Investor Presentation

**Business Performance:** India Cements delivered strong domestic sales volume, up 11.9% QoQ to 2.44 MnT, operating at 65% capacity utilization. While net cement realizations dipped slightly by 0.6% QoQ, the company benefited from declining logistics costs (down 11% QoQ) and other key input costs like fuel, power, and raw materials.

**Growth Drivers or Strategy:** The company is investing ₹2,000 Cr over two years for growth and efficiencies, aiming to debottleneck capacity to 17.55 Mtpa by March 2027. A major strategic shift is towards green power, with plans to boost Renewable Energy and Waste Heat Recovery System contribution from 5% to an ambitious 80% by FY28.

**Recent Developments:** For the quarter, the company achieved a Profit After Tax (PAT) of ₹15 Cr before exceptional items, reaching breakeven post-acquisition.

**Key Financial Metrics:** Consolidated Revenue from Operations stood at ₹1,117 Cr, with EBITDA at ₹110 Cr and a PAT of ₹9 Cr for the quarter. H1 FY26 saw Operating Cash Flow at -₹157 Cr and Free Cash Flow to Firm at -₹151 Cr.

**Management Commentary / Outlook:** Strategic investments in capacity expansion and green energy underscore the company's focus on future growth and operational cost optimization.