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Star Cement

Q1 FY27Cement & Cement Products

Star Cement Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management said on revenue, margins and capex.

Price₹195
Market cap₹7.9K Cr
P/E20.8
Updated25 Aug 2026
Read4 min read

What the Q1 FY27 call signalled

2 of 4 strong

RevenueSlow growth
MarginMargins steady
CapexCapex planned
FundraiseFundraise planned

The short version

Full year volume growth guidance revised down from 11-12% to around 8-9% due to Q2 challenges, including Assam flooding. Earnings in Q1 FY27 were impacted by reduced subsidy and higher costs, with EBITDA of INR203 crores vs INR230 crores last year and PAT of INR74 crores vs INR98 crores.

From Star Cement's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Revenue & Sales Performance

Slow growth
  • Full year volume growth guidance revised down from 11-12% to around 8-9% due to Q2 challenges, including Assam flooding. Growth expected to improve in Q3 and Q4.
  • Northeast sales expected to grow about 8-9% in FY27; industry growth forecast around 7%.
  • Clinker sales likely to be flat or slightly decline (5-10%) in FY27 due to increased clinker imports in Northeast.
  • Non-cement revenue target of INR 150 crores for the year remains intact with focus on expanding RMC plants and AAC division.
  • Long-term capacity addition planned with about 1 million tons clinker and grinding capacity addition expected over next 3 years by key players.

2 more points from Star Cement's call on revenue

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Profitability & Margins

See what Star Cement said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned
  • Star Cement plans significant capex primarily focused on Rajasthan and North India over the next 2 years, totaling around INR 2,600-2,900 crores (including GST).
  • Rajasthan project includes ~3 million tons grinding and ~3.3 million tons clinker capacity.
  • North project involves ~2 million tons grinding capacity in Jhajjar.
  • EC for North project expected by first week of October 2026; construction planned to start between mid-October to November 2026 with an 18-20 month timeline to completion (~Q1 FY29).
  • FY27 capex guidance is INR 500 crores for the ongoing projects; FY28 capex expected around INR 1,500 crores.

2 more points from Star Cement's call on capex

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Top-ranked in Cement & Cement Products

Ranked on what management guided this quarter

Guidance-ranked
1Grasim Inds
Rev 1Mar 3
2J K Cements
Rev 2Mar 3
3
Rev 3Mar 1
4
Rev 3Mar 3
5
Rev 3Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

See what Star Cement said on order book & pipeline — free account, 30 seconds.

Star Cement — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Q1 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹1.2K Cr, net profit ₹147 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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What Star Cement's management said in earlier quarters

Others in Cement & Cement Products this season

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    Q1-FY27 EBITDA: INR 396 Mn with 11.52% margin (Page 30) . Key concall takeaways from NCL Industries Ltd's Q1 FY27 earnings call — and how it ranks against…

  • Prism Johnson (Q1 FY27)

    Consolidated Revenue Q1 FY27:** ₹1,844 Cr, up 2.7% YoY (Page 42) . Key concall takeaways from Prism Johnson Ltd's Q1 FY27 earnings call — and how it ranks…

  • The Ramco Cement (Q1 FY27)

    Standalone total revenue for 1QFY27: ₹2,276.18 Cr, up 10% YoY (Page 10) . Key concall takeaways from The Ramco Cements Ltd's Q1 FY27 earnings call — and how it…

  • Birla Corpn. (Q1 FY27)

    No deferral of capacity expansion plans; currently operating at over 90% capacity, indicating no constraint for growth. Key concall takeaways from Birla…

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Frequently Asked Questions

What were Star Cement Q1 FY27 results?

Full year volume growth guidance revised down from 11-12% to around 8-9% due to Q2 challenges, including Assam flooding. Earnings in Q1 FY27 were impacted by reduced subsidy and higher costs, with EBITDA of INR203 crores vs INR230 crores last year and PAT of INR74 crores vs INR98 crores.

What is Star Cement share price analysis?

Star Cement currently shows a neutral. The stock trades at a P/E of 20.8 with a market cap of ₹7,866 Cr. Investors should review the full earnings analysis for detailed insights.

Is Star Cement planning capital expenditure?

Star Cement plans significant capex primarily focused on Rajasthan and North India over the next 2 years, totaling around INR 2,600-2,900 crores (including GST).

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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.