Star Cement Limited (540575) Earnings Call Transcripts

Star Cement Limited's Latest Earnings Call - Q4 FY2026

In Q4 FY '26, Star Cement Limited reported a significant increase in revenue and profit, with total revenue reaching INR 1,174 crores, up from INR 1,052 crores YoY, and profit after tax rising to INR 147 crores from INR 123 crores. The company achieved an EBITDA of INR 324 crores, compared to INR 268 crores in the same quarter last year. Management guided for a 10% to 12% growth in cement volumes for FY '27, indicating a positive outlook despite some near-term demand fluctuations due to regional elections.

Reported metrics

Guidance from management

Management expects a 10% to 12% growth in cement volumes for FY '27 and anticipates maintaining EBITDA per tonne between INR 1,500 to INR 1,700 despite cost pressures.

What management said

Hi, good afternoon, everyone. My name is Tushar Bhajanka, and I'm the MD of Star Cement. I welcome you all to the conference call of FY '26 quarter 4. I would like our CFO, Mr. Manoj Agarwal, to give his remarks regarding the numbers, and then we can start with the Q&A.

What we are looking for in the coming year is about 10% to 12% growth. So I think that is what we are expecting. Yes, so I think it should be -- the volume that we did, which is about 5.3 million tonnes and 10% to 12% growth on that.

What analysts pressed on

Analysts expressed concerns about rising competition in the Northeast, potential impacts on pricing and margins, and the effect of increased fuel costs on profitability. There was also a focus on the sustainability of growth given the recent performance and market dynamics.

Main topics on the call

• Revenue Growth — Star Cement's total revenue for Q4 FY '26 was INR 1,174 crores, reflecting a growth of approximately 11.6% YoY. Management noted, "the total revenue figure for full year is around INR 3,776 crores as against INR 3,163 cr...
• Volume Guidance — Management expects cement volumes to grow by 10% to 12% in FY '27, building on the previous year's sales of 5.3 million tonnes. Tushar Bhajanka stated, "What we are looking for in the coming year is about 10% to 12% grow...
• Cost Pressures — Management acknowledged potential cost pressures due to rising fuel prices and supply chain issues, estimating an impact of INR 250 to INR 300 per tonne. Tushar Bhajanka mentioned, "there will be definitely a pressure of...
• CapEx Plans — Star Cement is maintaining its CapEx guidance of INR 600 crores to INR 700 crores for FY '27, with plans for expansion in Rajasthan and Bihar. Tushar Bhajanka noted, "we should be able to complete our approvals as well a...

Read the full Star Cement Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 20 Star Cement Limited earnings call transcripts on record, spanning February 7, 2020 to August 10, 2026. Based on this history, Star Cement Limited reports semi-annually. The most recent call on file is dated August 10, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

540575

Exchange

BSE

Country

IN

Sector

Materials

Industry

Construction Materials

Calls on record

20

First call

February 7, 2020

Most recent

August 10, 2026

Reporting cadence

semi-annually