India Cements Q1FY27 EBITDA Jumps 72% YoY to ₹159 Cr, Volume Up 18.5%
The India Cements Limited reported a 72.4% YoY increase in EBITDA to ₹159 crore for Q1FY27. Domestic cement volume grew 18.5% YoY to 2.58 MTPA. The company has approved ₹2,000 crore for capacity expansion and green energy initiatives. Operating EBITDA per tonne was ₹603.
The substantial YoY growth in EBITDA and volume, coupled with significant capital expenditure plans for expansion and a clear roadmap for increasing green energy usage, are material developments for investors and the company's future performance.
The company reported significant year-on-year growth in key financial metrics like EBITDA and domestic cement volume, along with positive operational efficiency improvements. Strategic investments in capacity expansion and green energy also contribute to a positive outlook.
The India Cements Limited has released its investor presentation for the quarter ended June 30, 2026 (Q1FY27). The company reported a robust growth in volume and profitability during the quarter. Domestic cement volume increased by 18.5% year-on-year to 2.58 MTPA. EBITDA surged by 72.4% year-on-year to ₹159 crore, with Operating EBITDA per tonne at ₹603, a significant increase from ₹221 YoY. The company's sales realization, net of logistics cost, for cement (domestic) was ₹3,847 per tonne in Q1FY27, showing a 1.5% increase quarter-on-quarter.
Profitability was boosted by operational efficiencies and operating leverage, leading to higher EBITDA and Profit After Tax (PAT). EBITDA stood at ₹159 crore in Q1FY27, compared to ₹92 crore in Q1FY26. PAT (before exceptional items) was ₹52 crore in Q1FY27, a substantial improvement from a loss of ₹9 crore in Q1FY26. PAT after exceptional items was ₹27 crore in Q1FY27, against a loss of ₹133 crore in Q1FY26.
Key cost indicators showed mixed trends. Raw material cost was ₹936 per tonne, an 11% decrease quarter-on-quarter but a 4% increase year-on-year. Fuel cost increased by 11% QoQ and 7% YoY to ₹1,013 per tonne. Power cost decreased by 7% YoY to ₹597 per tonne. Other costs decreased by 23% YoY and 5% QoQ to ₹722 per tonne, benefiting from brand transition in marketing costs and operating leverage.
In terms of strategic initiatives, the company has approved investments of approximately ₹2,000 crore for expansion of cement capacities by 2.8 Mtpa, conversion of preheaters, cooler upgradation, and implementation of WHRS (Waste Heat Recovery System) and RE Power (Renewable Energy Power). As of June 2026, ₹1,553 crore has been committed. The company is also focusing on ESG updates, aiming to scale up Green Power (RE + WHRS) from 6% to 80% by FY29. Several community development initiatives are also underway in rural areas surrounding its plants.
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