Read the quarter in context.
A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
ConCallIQ research layer
Signal, with the source still visible.
Use the controls below to narrow the view, then follow the evidence into the next layer of context.
Revenue
₹787 Cr
verified against source
Revenue YoY
20%
reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Sagar Cements reported a strong Q4 FY26 with 20% YoY revenue growth and PAT of ₹100 crore. Volumes grew 8% YoY to 6.1 million tons for the full year, driven by resilient infrastructure and rural demand. EBITDA per ton improved sharply to ₹445 from ₹218 in Q4 FY25, aided by cost efficiencies and favorable pricing in the non-trade segment. Management guided for 7 million tons volume in FY27, supported by capacity expansions at Jiraabad and Andhra Cements. However, rising petcoke and coal prices pose a risk, with an estimated cost impact of ₹100-150 per ton expected from mid-Q2 FY27. The company is also pursuing land monetization in Visakhapatnam, targeting ₹350 crore over two years.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects total volumes of around 7 million tons in FY27, driven by capacity expansions and demand growth.
- Management expects EBITDA per ton to improve to around ₹600 in the current year, driven by cost savings from recent investments.
- The company has penciled in ₹100 per ton savings from cost optimization initiatives, offsetting input cost increases.
- Management expects to receive around ₹150 crore from the Visakhapatnam land sale in the current financial year.
Risks flagged
- Petcoke prices have risen from ~$120 to $136-140 CIF, potentially adding ₹100-150 per ton to costs from mid-Q2 FY27.
- Working capital days increased significantly due to extended credit to customers and higher fuel inventory, which may persist with volume growth.
- The company has missed volume guidance in prior years due to pricing discipline; achieving 7 million tons depends on demand and pricing stability.
- The Visakhapatnam land sale is contingent on a government order, which is still awaited; any delay could impact deleveraging plans.
Key quotes
- We do not chase market share. We actually conserve the cash... that is our philosophy and that remains.
- With the current prices remaining flat, I think we should be close to that number (₹600 EBITDA/ton). It's primarily on account of the savings that we are getting from the investments that we have made so far.
- The super fines sell up of ₹30,000 per ton... that's the delta. But volumes typically would be very very low.
Research modules