BIRLA / Q4-FY26 / claim-ledger

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Birla · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ4-FY26 · 2026-05-11Back to quarter ↗

Questions audited

Answered directly

75%

Numeric claims

Consistency

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Question ledger

What was answered, and how?

Sukrit Deepart · Eyesight Trade

partial

How will Birla Corp shape growth in cement and building materials over coming quarters?

we do not have any major capacity expansion plans... we will proceed according to that... with the Maher line two coming by financial year 29 we would go up to 27.5 million tons... our strategy moving towards almost 100% capacity of blended cement.

Sukrit Deepart · Eyesight Trade

partial

How will capital allocation balance growth, debt reduction, and shareholder returns?

we have got about 4,4,500 for capex plan... most of our internal accrual is going to be allocated towards cash capex program... debt is going to go up... gearing cannot exceed 2.5... cost reduction lever is that we have just started production or mining in our become coal.

Shan Sha · Dalat Capital

direct

Confirm volume guidance of 20 million tons in FY27 and cost details.

I said close to 21 million up to close to 20 million tons. I did not give a specific number in terms of volume growth.

Shan Sha · Dalat Capital

direct

What was Q4 KKL cost and fuel mix? How much saving from Vikram coal?

KL cost in Q4 it was 1.53... annual capacity is about 3.6 lakh tons and this year we expect to do about 1.2 two lakh tons... landed cost of victims is going to be in the region of 1 to 1.05 and the current prices of domestic coal around 1.45.

Shan Sha · Dalat Capital

direct

When will new capacity at Pri and Ga phase one start?

Yes sir. Q3 Q4 Q3 Q4 Okay. Q3 Q4 uh that uh we will be uh starting.

Shan Sha · Dalat Capital

evasive

How will premium share and blended cement share increase?

it's difficult to predict exactly how but what you would see in our trajectory quarter to quarter year on year if you see we have been moving in that direction... we are not veering from that... but it's difficult to say when we will reach 100.

Shan Sha · Dalat Capital

direct

What was the incentive booked in Q4 and outlook for FY27?

we have booked 140 course out of the about 90 was relating to earlier years and 50 course were relating to the current year... we expect the incentives to go up to 130 around 130 cross.

Siddhan · Goodwill

direct

Why did working capital tighten and hurt cash flows?

we consciously started building up stocks because of the geopolitical situation. We were anticipating some tightness in so far as the particular coal is concerned coal and the fuel is concerned.

Siddhan · Goodwill

direct

What is current net debt and peak expected during capex cycle?

2,100 cr was the net debt number... our expectation is that the peak net should be in the range of 4,000 crores.

Siddhan · Goodwill

declined

What interest cost expected for FY27?

it's difficult to give a estimate on that because most of our term loans are linked to external benchmarks EBLR.

Siddhan · Goodwill

direct

Has the company considered a strategic investor for the jute business?

No, we don't have a problem in investing Jude business turnaround... we don't need a strategic investor we know the business.

Sakit Kapoor · Kapoor Company

partial

What is the strategy for RMC and construction chemicals?

our strategy of RMC is very different from others... it's more importantly a question of brand extension... we don't want to really go overboard on RMC... chemicals is never going to be a huge number.