Slides
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Operational & Financial Performance Q2 FY27
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2 Contents Economy & Industry Overview Business Snapshot Financial Performance ESG Highlights
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Economy Industry Overview Economy & Industry Overview 3
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India: Resilient Growth Amid Global Headwinds India continues to stand out as a bright spot in the global economy and is demonstrating remarkable resilience despite an increasingly uncertain international backdrop. 4 Q1 FY27 GDP 7.8% 7.3% estimated for Q2 FY27 FY27 GDP (RBI) 7.1% Raised from 6.7% in August CPI, SEP 2026 5.54% Food 7.7% · WPI 11.4% REPO RATE 5.50% +25 bp on 7 Oct; first hike since Feb 2023 What is supporting growth • Resilient domestic demand and stronger net exports in Q1 • Centre, state Capex up 16% YoY Apr’26- August’26 • India's GST collections show strong upward momentum with growth of ~12% YoY in H1 FY27 What to watch • Food-led inflation; rural CPI already at 6.08% • Rupee near ₹95/$; Brent crossed $115 in Oct’26 • “Calibrated tightening” raises borrowing costs for housing and capex
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Indian Cement Industry: Snapshot India, the world’s 2nd largest cement producer, remains underpenetrated, with rising per-capita cement consumption driving significant growth potential 5 • Housing (60–65% of demand) and infra keep the base strong • Public capex momentum; GST cut aids affordable housing H1 FY27 VOLUME +8-9 % Estimated at 9-10% for Q2 FY27 FY27 DEMAND ~8 % UTILISATION ~70% ~710 MTPA base; 42–50 MT estimated to be added in FY27 Demand support Margin pressure • Elevated energy prices • El Niño risk; weaker rural demand, higher inflation and tighter money PCC at ~330 Kg ,significant headroom
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Business Snapshot Business Snapshot 6
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Future Growth 7 Grey Cement Capacity (MTPA) 16.5 18.0 18.0 22.6 23.6 25.1 FY'25 FY'26 FY'27 FY'28 P FY'29 P FY'30 P Zones FY'26 FY'28(P) FY'29(P) FY'30(P) North 10.9 10.9 10.9 10.9 Central - 1.5 1.5 1.5 East 3.5 6.6 7.6 9.1 West 3.6 3.6 3.6 3.6 All India 18.0 22.6 23.6 25.1 (P) : Projected
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Expansion Projects: Durg Line II - Status 8
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Durg: Aerial View of the Project including Silo, Preheater 9
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Durg: Pre-Heater & CF Silo Foundation 10
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Durg: Packing Plant 11
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Expansion Projects: Madhubani - Status 12
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13 Madhubani: Multi compartment Silo
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Volume Growth (Sales Lac Tonnes) - Quarterly 14 QOQ -17% YOY 5% 28.43 35.98 29.83 Q2 FY'26 Q1 FY'27 Q2 FY'27
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Capacity Utilisation 15 Total Annual Cement Capacity 18.0 MT QOQ -14% YOY -3% 65% 76% 62% Q2 FY'26 Q1 FY'27 Q2 FY'27
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Q2 FY 27 Sales Performance 16 Non-Trade 42% Trade 58% Bulk 18% Bag 82% Depot 24% Direct 76% Rail 7% Road 93%
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17 Trade Sales Premium Product (%) Blended Cement Key Levers 53% 59% 58% Q2 FY'26 Q1 FY'27 Q2 FY'27 26% 24% 27% Q2 FY'26 Q1 FY'27 Q2 FY'27 62% 64% 65% Q2 FY'26 Q1 FY'27 Q2 FY'27
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18 Green Power Green Power (%) WHR Solar Wind TPP 45 129 4 74 178 MW Green Energy 46% 49% 48% Q2 FY'26 Q1 FY'27 Q2 FY'27 JKLC – Captive Power (252 MW)
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Financial Performance Financial Performance 19
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Revenue Growth - Quarterly 20 Revenue – Rs. in Crore Sales Realisation Rs./MT QOQ -15% YOY 6% QOQ 1% YOY Flat 1532 1905 1617 Q2 FY'26 Q1 FY'27 Q2 FY'27 4895 4843 4885 Q2 FY'26 Q1 FY'27 Q2 FY'27
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21 Cost Trend Fuel Cost ₹ / K.Cal. Lead Distance (Kms.) 1.54 1.65 1.82 Q2 FY'26 Q1 FY'27 Q2 FY'27 395 368 363 Q2 FY'26 Q1 FY'27 Q2 FY'27
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22 Power Consumption Kwh/MT of Cement 70 72 72 Q2 FY'26 Q1 FY'27 Q2 FY'27
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23 Profitability - Quarterly EBIDTA* - ₹ in Crore EBIDTA* - ₹ / Ton * EBIDTA ~ excluding Other Income QOQ -40% YOY -26% QOQ -28% YOY -29% 208 259 154 Q2 FY'26 Q1 FY'27 Q2 FY'27 732 719 517 Q2 FY'26 Q1 FY'27 Q2 FY'27
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24 Financial Statement - Quarterly ₹ in Crore S.No. Particulars Q2 FY 27 Q1 FY 27 Q2 FY 26 QOQ % Inc / Dec YOY % Inc / Dec 1 Net Sales 1,617 1,905 1,532 -15% 6% 2 PBIDT 164 274 233 -40% -29% 3 PBDT 113 223 182 -49% -38% 4 PBT 29 140 105 -79% -72% 5 PAT 21 107 82 -80% -75% 6 EPS 1.68 8.60 6.63 -80% -75%
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25 Debt Profile ₹ in Crore Gross Debt Cash Net Debt 2491 2638 31.03.2026 30.09.2026 1225 611 31.03.2026 30.09.2026 1266 2027 31.03.2026 30.09.2026
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26 Debt Profile Net Debt/EBIDTA Net Debt/Equity 1.12 2.31 31.03.2026 30.09.2026 0.32 0.51 31.03.2026 30.09.2026
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ESG Highlights ESG Highlights 27
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Sustainability Progress 65% FY30 Goal: 75% Blended Cement 603 FY30 Goal: Reduction of 44.9% by 2036 4.66x FY30 Goal: 7x Water Positive 49% FY30 Goal: 60% Green power Low Carbon Product Water Positive GHG intensity (KGCO2e/ton cementitious) Green power mix 1% YOY 2% YOY *Unaudited H1 FY 2026-27 Consolidated Performance * 2% YOY 28
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ESG Ratings & Global Membership 69.1 66 58 Water B- Climate C- Global Climate Alliances: • RE100 • SBTi • UNGC • GCCA Net-Zero 2070 29
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Green Supply-Chain 4 Dedicated EV Corridors Zero-emission clinker transportation operationalized. 120+ Target EV fleet by Mar'27 70+ Active EVs 40+ LNG Trucks 80+ CNG Trucks 30
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CSR Initiatives 45000+ beneficiaries from health initiatives 7 Shripati Singhania Skill centres more than 5000 youth benefitted 20000+ Benefitted from education programs 16000+ Livestock provided doorstep treatment 31
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Thank you