India Cements Ltd. · NSE:INDIACEM
India Cements — The India Cements — Q2 FY27 Earnings Presentation
24 slides from India Cements's earnings presentation, Oct 17, 2026
Slide 1: Cover letter to stock exchanges
SH/ 17.10.2026 BSE Limited National Stock Exchange of India Limited 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.
Slide 2: Q2FY27 Results
The India Cements Limited ( A Subsidiary of UltraTech Cement Limited) Q2FY27 Results A FORCE FOR GOOD
Slide 3: Agenda
Agenda Business Financial ESG highlights performance updates 2
Slide 4: Business highlights
Business highlights Sankar Nagar Cement Works, Tamil Nadu
Slide 5: Q2FY27 Key highlights
Business highlights Q2FY27 Key highlights 2.83 MTPA Rs. 148 Cr Rs. 510 Domestic Cement Volume EBITDA Operating EBITDA/t 16.2% YoY 34.3% YoY Rs. 177/t YoY Consistent growth in Volume and Profitability 4
Slide 6: Key Initiatives Planned and Progress update
Business highlights Key Initiatives Planned | Progress update Conversion of 4/5 stage 24 MW of WHRS Expansion of Cement Implementation of safety preheaters to 6 stage 263 MW of RE Power Capacities by 2.8 Mtpa standards & practices and preheaters; cooler Employee Engagement upgradation; process Progr
Slide 7: Capacity expansion roadmap
Business highlights Capacity expansion roadmap Cement Capacity (MTPA) Cement Capacity (MTPA) New Plants FY25 FY28 Capacity 17.55 Sankar Nagar 2.05 2.05 14.45 Sankari 0.86 0.86 Chilamkur 1.46 1.46 Dalavoi 1.85 0.40 2.25 Yerraguntla 0.73 0.73 Vishnupuram 2.50 2.50 Malkapur 2.40 2.40 Banswara 1.50 0.90
Slide 8: Financial performance
Financial performance 7
Slide 9: Sales Realisation (net of logistics cost)
Financial performance Sales Realisation (net of logistics cost) Cement (domestic) (Rs./t) 1.3% decrease QoQ 3,847 3,798 3,761 Q2FY26 Q1FY26 Q2FY27 Net Realisation = Selling Price net of GST less Discounts and Logistics Cost 8
Slide 10: Profitability
Financial performance Profitability EBITDA (Rs. Cr) PAT * (Rs. Cr) 34% increase YoY 160% increase YoY 159 52 148 39 110 15 Q2FY26 Q1FY27 Q2FY27 Q2FY26 Q1FY27 Q2FY27 Operational Efficiencies and Increase in Capacity Utilization resulting to Higher EBITDA and PAT *Before exceptional items 9
Slide 11: Q2FY27 Key cost indicators
Financial performance Q2FY27 Key cost indicators Raw Material Fuel Power Other Costs % of total costs 26% 34% 16% 24% Rs./t 890 1143 527 824 QoQ 0.3% 9% 13% 12% YoY 6% 14% 14% 6% Purchase for Work in progress is allocated to respective line items for appropriate comparison 10
Slide 12: Fuel cost
Financial performance Fuel cost Fuel cost (Rs./t ) Fuel rate (Rs./kcal) 2.15 14% increase YoY 1.96 1.74 1.74 1.75 9% Increase QoQ 1,143 Q2FY26 Q1FY27 Q2FY27 1,044 1,004 Pet coke Fuel mix (%) US Coal 75% 74% 57% 53% 49% 22% 16% 42% 48% 39% Q2FY26 Q1FY27 Q2FY27 Q2FY26 Q1FY27 Q2FY27 11
Slide 13: Power cost
Financial performance Power cost Q2FY26 Q2FY27 Particulars Power mix Rate (Rs./kWh) Power mix Rate (Rs./kWh) Captive thermal power 23.8% 6.94 5.6% 9.75 State grid and others 63.2% 6.33 63.1% 6.70 Renewable energy 7.1% 1.54 24.7% 4.86 Waste heat recovery system 5.9% 0.09 6.6% 0.03 Power cost (Rs./kWh
Slide 14: Raw material cost
Financial performance Raw material cost Raw material cost (Rs./t) Raw material cost index Fly ash Limestone raising Gypsum 6% decrease YoY 100 99 0.3% Increase QoQ 100 94 92 945 95 887 890 87 82 Q1FY27 Q1FY26 Q2FY27 Q2FY26 Q1FY27 Q2FY27 13
Slide 15: Packing costs
Financial performance Packing costs Packing costs (Rs./t) 37% increase YoY − YoY: ▪ Increase in Raw Material Cost 6% decrease QoQ 257 241 176 Q2FY26 Q1FY27 Q2FY27 14
Slide 16: Other costs
Financial performance Other costs Other costs (Rs./t) 17% decrease YoY − YoY: ▪ Benefit of Brand Transition in Marketing Cost ▪ Operating leverage benefit 22% increase QoQ 698 582 − QoQ: 476 ▪ Increase in Stores & RPM during shutdown for upgradation projects ▪ Impact of Clinker Purchase during shutd
Slide 17: Financial performance for the quarter (1/2)
Financial performance Financial performance for the quarter (1/2) (Rs. Cr) Particulars Q2FY26 Q2FY27 Income: Revenue from Operations 1,117 1,142 Expenses: Raw materials consumed 214 326 Changes in inventory 44 (25) Employee costs 58 45 Power and fuel 367 448 Logistics cost 198 40 Other expenses 155
Slide 18: Financial performance for the quarter (2/2)
Financial performance Financial performance for the quarter (2/2) (Rs. Cr) Particulars Q2FY26 Q2FY27 EBITDA 110 148 Finance costs 25 24 Depreciation and amortisation 74 72 Tax expenses (4) 13 Share of profit / (loss) from JVs and associates 0 0 Exceptional items (profit / (loss)) * 6 0 PAT (before e
Slide 19: Consolidated Financial position
Financial performance Consolidated Financial position (Rs. Cr) Particulars March 2026 September 2026 Net fixed assets incl. assets held for Sale^ 11,717 12,175 Non -current investments 81 94 Net working capital 191 128 Application of funds 11,989 12,397 Shareholder’s fund (incl. minority interest) 1
Slide 20: ESG updates
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Slide 21: ESG metrics
ESG updates ESG metrics Clinker conversion Alternative fuel mix WHRS power mix Renewable power mix 1.55x 24.7% 1.45x 6.6% 4.1% 5.9% * 2.4% 7.1% Q2FY26 Q2FY27 Q2FY26 Q2FY27 Q2FY26 Q2FY27 Q2FY26 Q2FY27 *Feeding system under shutdown for modifications 20
Slide 22: ESG Roadmap India Cements
ESG updates ESG Roadmap India Cements WHRS power mix Renewable Powe Mix 9MW 9MW 33W 33W 33W 20MW 34MW 253MW 283MW 283MW 60.0% 20.0% 20.0% 53.0% * 28.0% * 7.0% 3.0% 4.0% 5.0% 3.0% FY25 FY26 FY27 FY28 FY29 FY25 FY26 FY27 FY28 FY29 *Capacity available for part of the year Plan to scale up Green Power (
Slide 23: Strengthening rural communities
ESG updates Strengthening rural communities Lake Pathway and Donation of sewing Renovation Work machines for In Dalavoi Tamilnadu economically weaker section Dalavoi Cement Works Sankar Nagar Cement Works Enabled agricultural Free Medical Camp support for local conducted in farmers, promoting Mithab
Slide 24: 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 . Imp