Star Cement Q4 FY25 earnings call: Revenue & Margins
Q4 FY25 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹1,052Cr
- +15.1% YoY
- +46.3% QoQ
- Net profit
- ₹123Cr
- +39.8% YoY
- +1266.7% QoQ
- Margin
- 25%
- +5 pp YoY
- +11 pp QoQ
Guidance rank: #13 of 17 in Cement & Cement Products
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The short version
FY26 sales volume target remains around 5.4 to 5.5 million tons. Volume Growth: Targeting ~5.4-5.5 million tons cement sales in FY26, similar to previous guidance. - Price Outlook: Expecting Rs.5-7/ton price increase from Q4 levels to sustain in Q1 FY26; possible off-season softness later. - Incentives/Subsidy: Annual incentives of Rs.200-250 crores expected for next 2-3 years with stable per ton run rate. - EBITDA: Q4 FY25 EBITDA Rs.268 crores; full year Rs.589 crores.
From Star Cement Ltd's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- FY26 sales volume target remains around 5.4 to 5.5 million tons.
- Monsoon may impact Q1, but management expects to broadly achieve FY26 volume target.
- Price increase of Rs.5-7 per ton expected to sustain in Q1 FY26; potential seasonal price pressure post Q1.
- Near-term clinker capacity in Northeast sufficient for 4-5 years; mine acquisitions aim to secure long-term expansion options.
- Focus on entering Rajasthan market with 3-4.5 million tons grinding capacity and 3 million tons clinker capacity planned.
- Expect grinding capacity growth in Rajasthan alongside a possible new grinding unit in Northeast in 5-6 years.
2 more points from Star Cement Ltd's call on revenue
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Profitability & Margins
Volume Growth: Targeting ~5.4-5.5 million tons cement sales in FY26, similar to previous guidance.
Locked: what Star Cement Ltd said on margins
Also locked on this page: fundraising, order book
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Capital Expenditure Plans
- FY26 CAPEX planned at around Rs. 820 crores.
- FY27 CAPEX planned at around Rs. 600 crores.
- Planned commissioning of two grinding units: Silchar unit expected by Q4 FY26 and another unit around Q3/Q4 FY27.
- Focus on expanding grinding capacity, especially in Northeast and Rajasthan.
- New clinker capacity expansions planned in Rajasthan (~3 million tons) alongside grinding capacity (~4-4.5 million tons).
- Continued investment in brownfield projects and securing environmental/forest clearances for future expansions.
- Setting up an AC block and construction chemicals plant in Guwahati, expected to generate around Rs. 15 crores EBITDA in the first year, commencing production soon.
2 more points from Star Cement Ltd's call on capex
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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
Relevant points on financial plans include:
Locked: what Star Cement Ltd said on fundraising
Also locked on this page: margins, order book
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Order Book & Pipeline
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Star Cement Ltd — Quarterly revenue & net profit
Star Cement Ltd Q4 FY25 results — key figures
| ₹ Cr | Q4 FY25 | Q4 FY24 | YoY | Q3 FY25 | QoQ |
|---|---|---|---|---|---|
| Revenue | 1,052 | 914 | +15.1% | 719 | +46.3% |
| Operating profit (EBITDA) | 263 | 180 | +46.1% | 104 | +152.9% |
| Operating margin | 25% | 20% | +5 pp | 14% | +11 pp |
| Profit before tax | 171 | 141 | +21.3% | 8 | +2037.5% |
| Net profit (PAT) | 123 | 88 | +39.8% | 9 | +1266.7% |
| EPS (₹) | 3.05 | 2.17 | +40.6% | 0.22 | +1286.4% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹831 Cr, net profit ₹40 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Star Cement's management said in earlier quarters
Others in Cement & Cement Products this season
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Revenue for 4QFY25: ₹2,405 Crores (Standalone), down 11% YoY from ₹2,687 Crores in 4QFY24. Key concall takeaways from The Ramco Cements Ltd's Q4 FY25 earnings…
- Shree Cement (Q4 FY25)
EBITDA for Q4 grew 47% sequentially; EBITDA per ton up 29%. Key concall takeaways from Shree Cement Ltd's Q4 FY25 earnings call — and how it ranks against…
- Grasim Inds (Q4 FY25)
Paints business backed by ₹10,000 crore long-term investment committed by Grasim board. Key concall takeaways from Grasim Industries Ltd's Q4 FY25 earnings…
Potential multibaggers · Q2 FY27
Potential multibaggers in Cement & Cement Products
on management's own guidance
- J K CementsGood growth2
- Strong growth1
- ACCGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Star Cement Ltd Q4 FY25 results?
FY26 sales volume target remains around 5.4 to 5.5 million tons. Volume Growth: Targeting ~5.4-5.5 million tons cement sales in FY26, similar to previous guidance. - Price Outlook: Expecting Rs.5-7/ton price increase from Q4 levels to sustain in Q1 FY26; possible off-season softness later. - Incentives/Subsidy: Annual incentives of Rs.200-250 crores expected for next 2-3 years with stable per ton run rate. - EBITDA: Q4 FY25 EBITDA Rs.268 crores; full year Rs.589 crores.
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?
FY26 CAPEX planned at around Rs. 820 crores.
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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.