INDIACEM The India Cements Q2 FY26 results (Jul–Sep 2025) and concall
India Cements, now a subsidiary of UltraTech, reported 6% volume growth in Q2 FY26, with an EBITDA of INR 386 per ton. The company is undergoing a significant INR 1,592 crore capex program to enhance capacity and efficiency, aiming for INR 1,000/ton EBITDA and 0.5x Net Debt/EBITDA when fully operational. Brand conversion to UltraTech is progressing, reaching 31% this quarter, and coal assets in Indonesia have been divested to aid debt reduction.
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What they filed
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|
| Revenue | 940 | 1,198 | 1,025 | 1,117 |
| EBITDA | -190 | -2 | 83 | 81 |
| Net profit | 119 | 18 | -133 | 9 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
