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The India Cements Limited Q3 FY26 results deck summary

NSE: INDIACEM · BSE: 530005

Results deck of 23 Jan 2026, summarised by AI from the filing.

Q3 FY26 net sales ₹1,103 cr and EBITDA ₹105 cr standalone, with PAT negative ₹6 cr; capex of ₹2,000 cr planned over two years.

Key takeaways

  1. Q3 result Net sales ₹1,103 cr (Q3 FY25: ₹874 cr); EBITDA ₹105 cr standalone and ₹103 cr consolidated (Q3 FY25: ₹-178 cr).
  2. Guidance Capex plan of ₹2,000 cr over next 2 years; green power to scale from 5% to 80% by FY29.
  3. Change Net cement realisations down 2.4% qoq; operating EBIDTA/Mt ₹299 vs ₹330/Mt in Q2 FY26.
  4. Driver Domestic sales volume 2.59 MnT, grew 25% yoy; capacity utilisation 69%, up 11% yoy.
  5. Risk PAT negative at ₹-6 cr standalone and ₹-3 cr consolidated; net debt rose to ₹1,164 cr in Dec-25.

Original filing on BSE

The India Cements Limited Q1 FY27 results

As filed: Revenue ₹1,019 cr (−1% year on year), EBITDA ₹156 cr (+85% year on year), PAT ₹26.9 cr, EBITDA margin 15.3% (+708 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹1,229 cr (+3% year on year), EBITDA ₹153 cr, PAT ₹59.5 cr, EBITDA margin 12.5% (+1,000 bps). Score 48 of 100, In line with trend. Revenue growth was in line with the company's own trend. EBITDA margin rose 1000 bps year on year. Other income 38% of PBT. Tax rate 13%. Share price after the results: −1.0% in 30 days (Nifty 500: +1.6%).
  • Q3 FY26: Revenue ₹1,114 cr (+18% year on year), EBITDA ₹79.1 cr, PAT −₹2.7 cr, EBITDA margin 7.1% (+1,000 bps). Score 80 of 100, Above trend. Revenue growth was well above the company's own trend. EBITDA margin rose 1000 bps year on year. Profit fell 61% from last quarter. Share price after the results: −3.7% in 28 days (Nifty 500: +1.7%).
  • Q2 FY26: Revenue ₹1,117 cr (+8% year on year), EBITDA ₹80.0 cr, PAT ₹9.0 cr, EBITDA margin 7.2% (+1,000 bps). Score 68 of 100, Above trend. Revenue growth was above the company's own trend. EBITDA margin rose 1000 bps year on year. Other income 725% of PBT. Tax rate -100%. Revenue grew on the previous quarter, against its usual seasonal pattern. Share price after the results: +0.2% in 28 days (Nifty 500: +1.0%).
  • Q1 FY26: Revenue ₹1,025 cr (0% year on year), EBITDA ₹84.0 cr, PAT −₹133 cr, EBITDA margin 8.2% (+1,000 bps). Score 45 of 100, In line with trend. Revenue growth was in line with the company's own trend. EBITDA margin rose 1000 bps year on year. Revenue fell 14% from last quarter. Share price after the results: +6.9% in 30 days (Nifty 500: −1.5%).
  • Q4 FY25: Revenue ₹1,197 cr (−6% year on year), EBITDA −₹2.0 cr (−105% year on year), PAT ₹15.0 cr, EBITDA margin -0.2% (−317 bps). Score 15 of 100, Below trend. Revenue growth was below the company's own trend. EBITDA margin fell 317 bps year on year. Other income 2600% of PBT. Tax rate -2400%. Share price after the results: +13.6% in 30 days (Nifty 500: +4.9%).
  • Q3 FY25: Revenue ₹941 cr (−18% year on year), EBITDA −₹190 cr (−300% year on year), PAT ₹122 cr, EBITDA margin -20.2% (−1,000 bps). Score 1 of 100, Below trend. Revenue growth was well below the company's own trend. EBITDA margin fell 1000 bps year on year. Other income 49% of PBT. Tax rate -43%. Revenue fell 9% from last quarter.
  • Q2 FY25: Revenue ₹1,032 cr (−18% year on year), EBITDA −₹163 cr (−300% year on year), PAT −₹339 cr, EBITDA margin -15.8% (−1,000 bps). Score 1 of 100, Below trend. EBITDA margin fell 1000 bps year on year. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

The India Cements Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.