Volumes: 16.6 MT (+20% YoY), market share up 1% to 16.6%
• Revenue: ₹9,174 cr (+21% YoY) with ~3% price improvement
• EBITDA: ₹1,761 cr (+58% YoY); margin 19.2% (vs 14.7% LY)
• EBITDA/ton: ₹1,060 (+32% YoY) aided by ₹238/ton cost reduction
• PAT: ₹2,302 cr (+364% YoY) including ₹1,697 cr one-time tax write-back
• Balance sheet: Debt-free; net worth ₹69,493 cr; CRISIL AAA/A1+
Operational Highlights
• Exit cost roadmap: ₹4,000/ton (FY26) → ₹3,800 (FY27) → ₹3,650 (FY28)
• Kiln fuel & logistics costs among lowest in industry
• Capacity 107 MTPA, rising to 118 MTPA by FY26 and 155 MTPA by FY28 via low-capex debottlenecking
• Premium products 35% of trade sales; premium volumes +28% YoY
• Green power 33%, targeted ~60% by FY28
• Management guides sustained double-digit volume growth
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