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Sagar Cements

Q3 FY25

Sagar Cements Q3 FY25: Capex ₹88 Cr

Q3 FY25 earnings call: what management guided on revenue, margins and order book.

Price₹163

Market cap₹2.3K Cr

Updated23 Aug 2026

Read4 min read

The short version

For FY25, Sagar Cements expects sales volume to be similar to FY24, around 5.5 million tonnes. Sagar Cements expects volume growth, targeting 6.4 to 6.5 million tonnes in FY26, surpassing FY25 volumes.

From Sagar Cements's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

For FY25, Sagar Cements expects sales volume to be similar to FY24, around 5.5 million tonnes.
For FY26, management anticipates volumes between 6.4 to 6.5 million tonnes, reflecting confidence in market demand.
Demand pickup is supported by strong market conditions and government infrastructure CapEx plans.
Prices are expected to remain stable in the near term, with gradual improvement possible starting early FY26.
Operating leverage, including improved capacity utilization and lower costs, is expected to enhance EBITDA per ton, with internal targets of ₹500+ per ton in FY26.

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Profitability & Margins

Sagar Cements expects volume growth, targeting 6.4 to 6.5 million tonnes in FY26, surpassing FY25 volumes.
EBITDA per ton is anticipated to improve significantly owing to increased operating leverage, with potential to add ₹200-₹300 per ton.
The Andhra plant upgrade aims to reduce costs by ₹350-₹400 per ton and help achieve breakeven by end of FY26.
Operational efficiencies, renewable energy integration, and clinker factor optimization are expected to enhance profitability.
Land monetization from Vizag is planned over 1.5 years post-approval, potentially boosting earnings.

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Capital Expenditure Plans

Sagar Cements has spent ₹88 crore on CapEx in FY25 so far, with a planned total of ₹241 crore over the next 1.5 years.
The company is undertaking a significant upgrade of its Andhra plant, including commissioning a new 6-stage pre-heater, expected by October-November 2024, ahead of an initial March 2026 schedule.
New 6 MW solar power plants have been commissioned at the Gudipadu unit, with approvals received for another 6 MW plant at the Dachepalli unit.
The waste heat recovery system at Gudipadu is expected to save ₹50-75 per ton in electricity costs.
The Andhra plant upgrade is projected to reduce costs by ₹350-400 per ton.

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Fundraising & Capital Structure

There is no specific mention of any current or planned fundraising through debt or equity in the transcript.
Gross debt as of December 31, 2024, stands at ₹1,462 crore, including ₹1,123 crore long-term debt and the rest working capital.
The company has ongoing CapEx plans amounting to ₹241 crore over the next 1.5 years, primarily for the Andhra plant upgrade.
No explicit discussions or announcements on raising fresh debt or equity were made during the call.

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Order Book & Pipeline

The transcript from Sagar Cements Limited Q3 FY25 earnings call does not explicitly mention the current or expected order book or pending orders. However, relevant points related to demand and growth outlook include: - Demand has picked up sharply in Q3, with strong momentum continuing into Q4 despite a festive week in January. - The company expects volumes for FY25 to cross last year's numbers, targeting 6.4 to 6.5 million tonnes in FY26. - Infrastructure government CapEx is seen as a key growth driver, with optimistic outlook on ramp-up helping sustain demand. - Andhra Pradesh region is showing strong growth and is expected to contribute significantly after plant expansion.

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Sagar Cements — Quarterly revenue & net profit

Revenue Net profit Net loss

Dec 2024Q3 FY25

Mar 2025Q4 FY25

Jun 2025Q1 FY26

Sep 2025Q2 FY26

Dec 2025Q3 FY26

Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹787 Cr, net profit ₹100 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Sagar Cements Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Sagar Cements Q3 FY25 results?

For FY25, Sagar Cements expects sales volume to be similar to FY24, around 5.5 million tonnes. Sagar Cements expects volume growth, targeting 6.4 to 6.5 million tonnes in FY26, surpassing FY25 volumes.

What is Sagar Cements share price analysis?

Sagar Cements currently shows a neutral. The stock trades at a P/E of N/A with a market cap of ₹2,266 Cr. Investors should review the full earnings analysis for detailed insights.

Is Sagar Cements planning capital expenditure?

Sagar Cements has spent ₹88 crore on CapEx in FY25 so far, with a planned total of ₹241 crore over the next 1.5 years.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.