INDIACEM The India Cements Q4 FY26 results (Jan–Mar 2026) and concall
This analysis is based on the UltraTech Cement Limited Q4 FY26 earnings call, which discussed India Cements as an acquired subsidiary. India Cements showed significant sequential improvement, reporting a PAT of INR 60 crores and an EBITDA per ton of INR 497 in Q4 FY26. The brand migration to UltraTech is complete, and substantial investments are underway to drive efficiency and capacity, targeting over INR 1,000 EBITDA per ton by FY28. However, the full merger is delayed by legal complexities.
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What they filed
Q4 FY26: revenue up 2.6%, net profit up 233.3% against the same quarter last year.
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 940 | 1,198 | 1,025 | 1,117 | 1,114 +19% | 1,229 +3% |
| EBITDA | -190 | -2 | 83 | 81 | 79 +142% | 153 +7750% |
| Net profit | 119 | 18 | -133 | 9 | -3 −103% | 60 +233% |
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.
