Slides
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A FORCE FOR G OO D The India Cements Limited ( A Subsidiary of UltraTech Cement Limited) Q2FY27 Results
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2 Agenda Business highlights Financial performance ESG updates
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Business highlights Sankar Nagar Cement Works, Tamil Nadu
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4 Q2FY27 Key highlights Consistent growth in Volume and Profitability 2.83 MTPA Domestic Cement Volume 16.2% YoY Rs. 148 Cr EBITDA 34.3% YoY Rs. 510 Operating EBITDA/t Rs. 177/t YoY Business highlights
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5 Key Initiatives Planned | Progress update Business highlights Conversion of 4/5 stage preheaters to 6 stage preheaters; cooler upgradation; process optimization 24 MW of WHRS 263 MW of RE Power Expansion of Cement Capacities by 2.8 Mtpa Implementation of safety standards & practices and Employee Engagement Programs. Rs. 2,000 Cr Investment approved ~ Rs. 1,728 Cr Committed till September 2026 Upgradation Projects started across Plants and expected to be continued in Q3 and Q4
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6 Capacity expansion roadmap Cement Capacity (MTPA) 14.45 17.55 FY25 FY28 Cement Capacity (MTPA) Plants FY25 New Capacity FY28 Sankar Nagar 2.05 2.05 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 2.40 Chennai 1.10 1.80 2.90 Overall 1 4.45 3.10 17.55 Business highlights
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7 Financial performance
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8 Sales Realisation (net of logistics cost) Cement (domestic) (Rs./t) Net Realisation = Selling Price net of GST less Discounts and Logistics Cost Financial performance 3,761 3,847 3,798 Q2FY26 Q1FY26 Q2FY27 1.3% decrease QoQ
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9 Profitability Operational Efficiencies and Increase in Capacity Utilization resulting to Higher EBITDA and PAT EBITDA (Rs. Cr) 110 159 148 Q2FY26 Q1FY27 Q2FY27 PAT * (Rs. Cr) 15 52 39 Q2FY26 Q1FY27 Q2FY27 34% increase YoY Financial performance *Before exceptional items 160% increase YoY
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10 Q2FY27 Key cost indicators Raw Material Fuel Power Other Costs % of total costs 26% 34% 16% 24% Rs./t 890 1143 527 824 QoQ 9% 13% 12% YoY 6% 14% 14% 6% Financial performance 0.3% Purchase for Work in progress is allocated to respective line items for appropriate comparison
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11 Fuel cost Fuel cost ( Rs./t ) 1,004 1,044 1,143 Q2FY26 Q1FY27 Q2FY27 Fuel rate (Rs./kcal) 1.74 1.74 1.75 1.96 2.15 Q2FY26 Q1FY27 Q2FY27 Fuel mix (%) 57% 53% 48% 22% 16% 39% 42% 49% 75% 74% Q2FY26 Q1FY27 Q2FY27 Pet coke US Coal Financial performance 14% increase YoY 9% Increase QoQ
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12 Power cost Particulars Q2FY26 Q2FY27 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) 5.78 5.98 Total power consumed (kWh/t of cement) 87.05 7 5.76 Power cost (Rs./t) 615 5 27 Financial performance
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13 Raw material cost Raw material cost (Rs./t) 945 887 890 Q2FY26 Q1FY27 Q2FY27 Raw material cost index 100 92 95 100 99 94 100 87 82 Q1FY26 Q1FY27 Q2FY27 Fly ash Limestone raising Gypsum 6% decrease YoY 0.3% Increase QoQ Financial performance
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14 Packing costs Packing costs (Rs./t) 176 257 241 Q2FY26 Q1FY27 Q2FY27 − YoY: ▪ Increase in Raw Material Cost 37% increase YoY 6% decrease QoQ Financial performance
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15 Other costs Other costs (Rs./t) 698 476 582 Q2FY26 Q1FY27 Q2FY27 − YoY: ▪ Benefit of Brand Transition in Marketing Cost ▪ Operating leverage benefit 17% decrease YoY 22% increase QoQ − QoQ: ▪ Increase in Stores & RPM during shutdown for upgradation projects ▪ Impact of Clinker Purchase during shutdown for upgradation projects Financial performance
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16 Financial performance for the quarter (1/2) (Rs. Cr) Financial performance 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 155 164 Total expenses 1,036 998 Operating EBITDA 81 144 Other income 29 4 EBITDA 110 148 Consolidated financials after elimination of inter company transactions
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17 Financial performance for the quarter (2/2) 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 exceptional items) 15 39 P AT 9 39 (Rs. Cr) Financial performance Consolidated financials after elimination of inter company transactions. *Impairment of investment/asset, Provisions for Prio r P eriod Items
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18 Consolidated Financial position 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) 10,124 10,189 Net debt 1,271 1,591 Deferred tax liability (Net) 594 617 Sources of funds 11,989 12,397 (Rs. Cr) Financial performance ^ Including Revaluation reserves ₹ 5,294 Crores Consolidated financials after elimination of inter company transactions
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19 ESG updates
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20 ESG metrics Clinker conversion 1.45 x 1.55 x Q2FY26 Q2FY27 Alternative fuel mix WHRS power mix Renewable power mix 5.9% 6.6% Q2FY26 Q2FY27 7.1% 24.7% Q2FY26 Q2FY27 ESG updates 4.1% 2.4% Q2FY26 Q2FY27 *Feeding system under shutdown for modifications *
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21 ESG Roadmap India Cements WHRS power mix ESG updates Renewable Powe Mix 3.0% 4.0% 7.0% 20.0% 20.0% FY25 FY26 FY27 FY28 FY29 3.0% 5.0% 28.0% 53.0% 60.0% FY25 FY26 FY27 FY28 FY29 Plan to scale up Green Power ( RE+WHRS ) from 6% to 80% by FY29 9MW 9MW 33W 20MW 34MW 283MW 33W 33W 253MW 283MW * * *Capacity available for part of the year
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22 Strengthening rural communities Lake Pathway and Renovation Work In Dalavoi Tamilnadu Donation of sewing machines for economically weaker section Enabled agricultural support for local farmers, promoting sustainable rural livelihoods Free Medical Camp conducted in Mithabhaspalli covering over 300 beneficiaries ESG updates Dalavoi Cement Works Sankar Nagar Cement Works Sankari Cement Works Malkapur Cement Works
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23 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 . Important factors that could make difference to the Company’s operations include global and Indian demand supply conditions, finished goods prices, feedstock availability and prices, cyclical demand and pricing in the Company’s principal markets, changes in governmental regulations, tax regimes, economic developments within India and the countries within which the Company conducts business and other factors such as litigation and labour negotiations . The Company assumes no responsibility to publicly amend, modify or revise any forward - looking statement, due to any subsequent development, information or events, or otherwise . Disclaimer The India Cements Limited ( A Subsidiary of UltraTech Cement Limited) Registered Office: Dhun Building, 4 th Floor, Mount Road, Anna Salari. Chennai 600 002. CIN: L26942TN1946PLC000931 Website: www.indiacements.co.in Email: investor.indiacements @ adityabirla.com