Star Cement Ltd
Star Cement Q3 FY25 earnings call: Revenue & Margins
Q3 FY25 earnings call: what management guided on revenue, margins and order book.
The short version
Volume growth of around 7% to 8% is expected for the full year FY '25, with about 10% growth in Q4. - For FY '26, Star Cement targets a higher volume growth of 12% to 15%. - The company projects cement production to increase to around 5.4 to 5.5 million tons in FY '26 from around 4.7 million tons in FY '25. - The Northeast market demand is expected to grow, supported by significant infrastructure development with a government investment projection of around Rs. Star Cement expects volume growth of around 7-8% for the full year FY25 and about 10% in Q4.
From Star Cement Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Volume growth of around 7% to 8% is expected for the full year FY '25, with about 10% growth in Q4.
- For FY '26, Star Cement targets a higher volume growth of 12% to 15%.
- The company projects cement production to increase to around 5.4 to 5.5 million tons in FY '26 from around 4.7 million tons in FY '25.
- The Northeast market demand is expected to grow, supported by significant infrastructure development with a government investment projection of around Rs. 1 lakh crores in Northeast.
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Profitability & Margins
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Capital Expenditure Plans
- Star Cement targets to reach 20 million tons capacity by FY2030, with a current capacity at 7.7 million tons and an expected 12 million tons after adding 4 million tons from Jorhat and Silchar grinding units.
- Major CAPEX for greenfield plants is around Rs. 900-1000 crores per 1 million tons.
- The Jorhat expansion is planned for FY27; Silchar expansion is planned for FY26 with commissioning expected by December 2025.
- Full CAPEX for Silchar will be executed during FY26; Jorhat project CAPEX spread over 1-2 years.
- Rs. 440 crores CAPEX done in nine months; Rs. 200-250 crores planned for the current quarter.
- FY26 CAPEX estimated at Rs. 600 crores; FY27 CAPEX at Rs. 300-400 crores.
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Top-ranked in Cement & Cement Products
Ranked on what management guided this quarter
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
Star Cement Ltd — Quarterly revenue & net profit
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 →Continue your research
What Star Cement Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
- Q4 FY23 earnings call →
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Frequently Asked Questions
What were Star Cement Ltd Q3 FY25 results?
Volume growth of around 7% to 8% is expected for the full year FY '25, with about 10% growth in Q4. - For FY '26, Star Cement targets a higher volume growth of 12% to 15%. - The company projects cement production to increase to around 5.4 to 5.5 million tons in FY '26 from around 4.7 million tons in FY '25. - The Northeast market demand is expected to grow, supported by significant infrastructure development with a government investment projection of around Rs. Star Cement expects volume growth of around 7-8% for the full year FY25 and about 10% in Q4.
What is Star Cement Ltd share price analysis?
Star Cement Ltd currently shows a neutral. The stock trades at a P/E of 20.6 with a market cap of ₹8,268 Cr. Investors should review the full earnings analysis for detailed insights.
Is Star Cement Ltd planning capital expenditure?
Star Cement targets to reach 20 million tons capacity by FY2030, with a current capacity at 7.7 million tons and an expected 12 million tons after adding 4 million tons from Jorhat and Silchar grinding units. - Major CAPEX for greenfield plants is around Rs.
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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.