India Cements Ltd. · NSE:INDIACEM
India Cements — The India Cements — Q2 FY26 Earnings Presentation
26 slides from India Cements's earnings presentation, Oct 17, 2025
Slide 1: Exchange cover letter for investor presentation
SH/SE/ 17.10.2025 BSE Limited National Stock Exchange of India Ltd Corporate Relationship Dept. Exchange Plaza, 5th Floor First Floor, New Trading Ring Plot No.C/1, G Block Rotunda Building Bandra-Kurla Complex Phiroze Jeejeebhoy Towers Bandra (E) Dalal Street, Fort MUMBAI 400 051. MUMBAI 400 001. S
Slide 2: The India Cements Limited Results Q2 FY26
The India Cements Limited Results Q2 FY26 Stock code: BSE: 530005| NSE: INDIACEM| Reuters: ICMN.NS| Bloomberg: ICEM:IN
Slide 3: Company Overview, Business Update, Financial Performance
01 02 03 Company Business Financial Overview Update Performance
Slide 4: Company Overview
Company Overview Chilamkur Cement Works, Andhra Pradesh
Slide 5: Plant Locations
Plant Locations Cement Capacity in Mtpa Sep Mar S No Plants State IU/GU FY 27 2025 2027 1 Sankari Tamil Nadu IU 0.86 0.86 2 Sankarnagar Tamil Nadu IU 2.05 2.05 3 Dalavoi Tamil Nadu IU 1.85 0.40 Debottlenecking 2.25 4 Chennai Tamil Nadu GU 1.10 1.80 2.90 5 Vishnupuram Telangana IU 2.50 2.50 6 Malkapu
Slide 6: Shareholding Pattern
Shareholding Pattern 8 Promoter Group 13 Foreign Portfolio Investors (FPI) 3 As on 30th Sep, 2025 Mutual Fund (MF), Institutions, Insurance and Bodies Corporate Other Public Holding 76 GDRs Key Foreign Portfolio Investors (FPI) Key Domestic Mutual Funds, Insurance and Institutional Investors Funds*
Slide 7: Board of Directors
Board of Directors ◼ Chartered Accountant with over 40 years experience of which 39 years is with the Aditya Birla Group K. C. Jhanwar ◼ Operations and General Management across the Cement and Chemicals Business of the Aditya Birla Group, Non-Executive Director including greenfield and brownfield ex
Slide 8: Board of Directors
Board of Directors ◼ Masters in Law from the University of Bombay and University of London and Solicitor High Court Alka Bharucha Mumbai and Supreme Court of England and Wales. Independent Director ◼ Core areas of expertise are mergers and acquisitions, joint ventures, private equity, banking and fi
Slide 9: Q2 Highlights
Q2 Highlights Achieved Domestic sales volume of 2.44 MnT; growth of 11.9% qoq. Average Capacity Utilization at 65% for the quarter. Net Cement Realizations marginally down by 0.6% qoq. Operating EBIDTA/Mt of ₹ 386, compared to ₹ 400/Mt in Q1 FY26. PAT before exceptions at ₹ 15 Crores for the quarter
Slide 10: Business Update
Business Update Sankar Nagar Cement Works, Tamil Nadu
Slide 11: Sales Performance Overview: Q2 FY26
Sales Performance Overview : Q2 FY26 68.0% 20.8% 70.0% 32.0% 79.2% 30.0% Trade % Non Trade % Bag Sales % Bulk Sales % Direct Sales Depot Sales 10
Slide 12: Key initiatives planned
Key initiatives planned Conversion of 4/5 21.8 MW of WHRS Multiple productivity, Implementation of stage preheaters to (to reduce cost of energy efficiency safety standards, 6 stage preheaters; power and increase related capex for safety practices. cooler upgradation; green power). reducing power pr
Slide 13: ESG at The India Cements
ESG at The India Cements 9MW 9MW 30MW 30MW 20MW 35MW 212MW 212MW 19% 61% 10% 27% 2% 6% 3% 3% FY 25 FY 26 FY27 FY 28 FY 25 FY 26 FY 27 FY 28 Waste Heat Recovery System Renewable Power Plan to scale up Green Power (RE+WHRS) from 5% to 80% by FY28 12
Slide 14: Ongoing CSR initiatives
Ongoing CSR initiatives Chennai Cement Works Dalavoi Cement Works Reached over 2400 students through multiple Encouraged and facilitated sustainable farming education initiatives in nearby villages Sankari Cement Works Chilamkur Cement Works Agricultural support to nearby villages, Organized and ser
Slide 15: Awards
Awards Dalavoi cement works awarded first prize in the Second Prize in Overall Large Mechanized Overall ‘A’ Category Conventional Mines at Mines category at 30th MEMC 2024-25 Tamil Nadu Mines Safety Association 64th Mines for Malkapur Sangam Kalan Limestone Mines. Safety Week Celebration Sankari Cem
Slide 16: Financial Performance
Financial Performance Sankari Cement Works, Tamil Nadu
Slide 17: Realisation and Logistics Cost (Grey Cement)
Realisation and Logistics Cost (Grey Cement) 4,689 4,563 1,060 4,227 916 813 Q2FY25 Q1FY26 Q2FY26 Q2FY25 Q1FY26 Q2FY26 Domestic Grey Cement Realisation (₹/Mt) Logistics cost (₹/Mt) 3% decline QoQ and 8% increase YoY 11% decline QoQ and 24% decline YoY Realisation = Selling Price less GST and Discoun
Slide 18: Key Cost Indicators (Grey Cement): Q2 FY26
Key Cost Indicators (Grey Cement): Q2 FY26 Logistics Fuel Power Raw Materials % of total costs 20% 23% 14% 22% ₹ / Mt 813 948 581 893 11% decline QoQ and 7% decline QoQ and 13% decline QoQ and 9% decline QoQ and 23% decline YoY 19% decline YoY 11% decline YoY 3% increase YoY 17
Slide 19: Key Cost Indicators Trend (Grey Cement)
Key Cost Indicators Trend (Grey Cement) 977 1,170 868 893 1,023 948 Q2FY25 Q1FY26 Q2FY26 Q2FY25 Q1FY26 Q2FY26 Raw Material cost (₹/Mt) Fuel cost (₹/Mt) 655 667 1,244 581 944 873 Q2FY25 Q1FY26 Q2FY26 Q2FY25 Q1FY26 Q2FY26 Power cost (₹/Mt) Other cost (₹/Mt) 18
Slide 20: Operational Performance: Q2 FY26
Operational Performance: Q2 FY26 ₹ Crores Q2FY25 Q2FY26 Particulars Standalone Consolidated Standalone Consolidated 1,007 1,022 Revenue from Operations 1,117 1,117 10 159 Other Income 13 29 1,016 1,181 Total Income 1,131 1,146 Expenses: 196 214 Raw Materials Consumed 214 214 1 1 Purchase of Traded G
Slide 21: Financial Statement: Q2 FY26
Financial Statement: Q2 FY26 ₹ Crores Q2FY25 Q2FY26 Particulars Standalone Consolidated Standalone Consolidated 1,007 1,022 Revenue from Operations 1,117 1,117 -154 -4 EBITDA 95 110 73 73 Finance Costs 32 25 54 55 Depreciation and Amortization 74 74 -34 -16 Tax expenses -4 -4 -246 -116 PAT Before Ex
Slide 22: Consolidated Financial Position
Consolidated Financial Position ₹ Crores Standalone Consolidated Particulars Mar-25 Sep-25 Mar-25 Sep-25 11,727 11,560 Net Fixed Assets^ 11,933 11,666 129 143 Non-Current Investments 119 92 -482 -202 Net Working Capital -105 211 11,375 11,501 Application of funds 11,947 11,969 Shareholders Fund 9,62
Slide 23: Cash flow statement
Cash flow statement ₹ Crores Particulars H1 FY26 EBITDA 202 Less : Interest & lease payments -52 Less : Increase in working capital -307 Operating Cash Flow -157 Less : Capex spends -77 Add : Receipts from assets held for sale 96 Less : Investments in Renewable energy -14 Free Cash Flow to Firm -151
Slide 24: Consolidated Annual Performance Trend
Consolidated Annual Performance Trend ₹ Crores Particulars FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17 FY16 Capacity (MTPA) 14.5 15.6 15.6 15.6 15.6 15.6 15.6 15.6 15.6 15.6 Total Cement Volume (MnT) 9.0 9.4 9.7 8.8 8.3 11.0 12.3 11.0 10.8 9.8 Net Sales 4,026 4,895 5,173 4,548 4,311 4,909 5,461 5,0
Slide 25: Consolidated Financial Position Trend
Consolidated Financial Position Trend ₹ Crores Financial Position FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17 FY16 Net Fixed Assets (Incl. Goodwill) 11,933 7,111 7,184 7,530 7,383 7,440 7,267 7,322 7,394 7,587 Investments in Subs/Associates/JVs 119 318 331 404 379 381 369 356 355 354 Net working Ca
Slide 26: Disclaimer
Disclaimer Statements in this ‘presentation’ describing the Company’s objectives, estimates, expectations or predictions may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied. Impor