India Cements Rallies 10% In Early Trade After Strong Q4 FY26 Profit Growth

Shares of India Cements, a subsidiary of UltraTech Cement, rose as much as 10% to ₹450 on the National Stock Exchange (NSE) on Monday after the company reported a sharp rise in the March quarter profit.

The company posted a consolidated net profit of ₹60 crore for Q4 FY26. This marked a 300% increase from the same period last year, according to its financial update. At 12:44 am, India Cements shares were trading at ₹452.60 a piece on the National Stock Exchange (NSE), up by 11% .

Key Highlights Of India Cements Q4 FY26

The company’s revenue from operations rose 3% year-on-year (YoY) to ₹1,218 crore during the quarter. Growth in sales remained limited even as profitability improved sharply. The company did not flag any major pricing surge but noted steady demand trends. Its operating performance improved during the quarter, with:

• Earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose to ₹179 crore from ₹23 crore a year ago

• Operating EBITDA per metric tonne increased to ₹497, from ₹305 per metric tonne in Q3 FY26

• Domestic sales volume stood at 3.12 million tonnes, an 18% YoY increase

• Capacity utilisation rose to 84%, up 11% YoY

• Net realisations improved 3.5% quarter-on-quarter (QoQ)

• Raw material costs stood at ₹1,053 crore, up 12% QoQ

For FY26, India Cements reported a consolidated net loss of ₹67 crore. This is lower than the ₹144 crore loss reported in FY25. Revenue from operations rose 8% to ₹4,454 crore, compared with ₹4,132 crore in the previous financial year.

The company has outlined a capital expenditure plan of ₹2,000 crore over the next two years. It plans a capacity expansion of 2.8 million tonnes per annum with a focus on waste heat recovery systems and renewable power initiatives.

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Sector Outlook

As per reports, the Indian cement sector may see healthy demand in the first quarter of FY27. Rising input costs are likely to keep pressure on margins. This, even as companies push through price hikes in different regions. At the same time, government spending continues to support demand.

Combined capital expenditure by the Centre, states and CPSEs rose about 26% from a year ago, touching nearly ₹2.3 trillion in February 2026. Central government spending alone jumped 60% in the month after earlier slowdowns.

Sources:

The Economic Times

Business Standard