Sagar Cements

Q3 FY26

Sagar Cements Q3 FY26: Capex ₹489 Cr

Q3 FY26 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 FY 2026, Sagar Cements targets sales volumes of around 6 million tonnes, a slight upward revision from earlier estimates. FY 2026 volume outlook is around 6 million tonnes, with a pace of growth expected to pick up in Q4 (around 7% growth).

From Sagar Cements's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

For FY 2026, Sagar Cements targets sales volumes of around 6 million tonnes, a slight upward revision from earlier estimates.
For FY 2027, the company expects volumes to grow to approximately 7 million tonnes.
Demand outlook across key states remains strong with high-single digit growth expected in Andhra Pradesh and Telangana, flat to marginal growth in Tamil Nadu, and 3%-5% in Karnataka.
Pricing is anticipated to remain stable with a moderate increase factored in Q4 FY 2026, projecting EBITDA per tonne to be ₹500-₹550.

2 more points management made on revenue & sales performance

Profitability & Margins

FY 2026 volume outlook is around 6 million tonnes, with a pace of growth expected to pick up in Q4 (around 7% growth).
For FY 2027, volume guidance remains at approximately 7 million tonnes.
EBITDA per tonne for Q4 FY 2026 is targeted between ₹500 to ₹550, factoring in a moderate price hike.
Full year FY 2026 EBITDA per tonne expected around ₹500 to ₹525.
Expect modest fuel price increase of 2-3% in the coming year, though no major power and fuel cost rise is anticipated.
New capacity additions (WHRS, grinding mill, Andhra plant expansion) are expected to reduce costs, improving operating leverage.

2 more points management made on profitability & margins

See what Sagar Cements said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

CapEx for FY 2026 is budgeted at around ₹489 crore, with ₹303 crore spent in the first nine months and ₹186 crore planned for Q4 FY 2026.
CapEx forecast for FY 2027 is around ₹291 crore.
No major large CapEx planned for the next 2.5 to 3 years, except maintenance CapEx.
Major ongoing CapEx expected to conclude by end of FY 2026.
Planned capacity expansions include:
4.35 MW Waste Heat Recovery System (WHRS) at Gudipadu unit to be commissioned by end of FY 2026, expected to save ₹100-125/tonne in costs.
Grinding mill addition at Jeerabad, expected early FY 2027, targeting fixed cost savings of ₹150-200/tonne.

2 more points management made on capital expenditure plans

Fundraising & Capital Structure

No major large CapEx plans are anticipated for the next 2.5 to 3 years, except maintenance CapEx.
The company plans to monetize non-core assets, such as Vizag land, expected to yield around ₹350 crore net over the next 18 months.
Proceeds from monetization are intended primarily for debt reduction.
Net debt stood at approximately ₹1,450 crore by end of the current financial year.

2 more points management made on fundraising & capital structure

See what Sagar Cements said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript provided from the Sagar Cements Q3 FY 2026 earnings call does not mention any details regarding the current or expected order book or pending orders. The discussion primarily focuses on: - Volume growth and sales outlook (6 million tonnes for FY 2026 and 7 million for FY 2027). - Fuel costs, coal mix, incentive accruals, and operational efficiencies. - CapEx plans and ongoing projects (waste heat recovery system, grinding mill addition).

2 more points management made on order book & pipeline

Sagar Cements — Quarterly revenue & net profit

Revenue Net profit Net loss

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

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

Full financials →

What Sagar Cements Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Sagar Cements Q3 FY26 results?

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?

CapEx for FY 2026 is budgeted at around ₹489 crore, with ₹303 crore spent in the first nine months and ₹186 crore planned for Q4 FY 2026.

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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.