Star Cement Limited — Investor Meet, 07-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Star Cement reported strong Q2 FY26 financial results: Revenue grew 26% YoY to Rs. 811 Cr, EBITDA jumped to Rs. 194 Cr (vs Rs. 97 Cr last year), and PAT surged to Rs. 71 Cr (vs Rs. 6 Cr). Half-year figures also healthy. Cement sales outside Northeast saw significant growth. Fuel cost optimization to Rs. 1.25/kcal is expected to hold for five months.

The company is strategically expanding, with the Silchar plant commissioning by January. A 2 million-ton Bihar grinding unit is prioritized to leverage 300% SGST benefits and broaden market reach. Plans for 4 million tons in Rajasthan (Nimbol) are advancing, targeting 2-year completion post land acquisition. FY26 volume outlook remains 5.4-5.5 million tons, aiming for 12% growth in FY27. FY26 incentives are estimated at Rs. 180-190 Cr. New segments like AAC blocks are ramping up.

Star Cement exhibits a confident outlook, focusing on aggressive geographical expansion, clinker utilization, and cost efficiency. Management aims for 18-20 million tons capacity by FY29-30, navigating competition with a focus on holding market share and profitability.