HeidelbergCement India (500292) Q3 25/26 earnings summary

Executive summary

• Revenue for Q3 FY26 rose 5.8% year-over-year to ₹5,742 million, driven by a 7.4% increase in sales volumes, partially offset by a 1.5% decrease in price.

• EBITDA for the quarter surged 59.1% year-over-year to ₹529 million, with EBITDA margin improving by 309 basis points to 9.2%.

• Profit after tax for Q3 FY26 was ₹156 million, up 200.6% year-over-year.

Financial highlights

• Nine-month revenue increased 9.6% year-over-year to ₹16,834 million.

• EBITDA for the nine months reached ₹1,990 million, up 33.7% year-over-year, with margin at 11.8%.

• Net profit for the nine months was ₹888 million, a 57.7% increase year-over-year.

• Earnings per share for Q3 FY26 stood at ₹0.69, and for the nine months at ₹3.92.

• Cash and bank balance as of December 31, 2025, was ₹4,032 million.

Outlook and guidance

• The company continues to focus on sustainability, sourcing over 50% of electricity from internal and renewable sources.

• Ongoing monitoring of regulatory changes, especially regarding new labour codes, with future adjustments as needed.