Here is why India Cements shares surged 14% on Monday
Published on 27/04/2026 01:11 PM
Here is why India Cements shares surged 14% on MondayLooking ahead, the company plans to invest ₹2,000 crore over the next two years towards expansion and efficiency improvements, including adding 2.8 mtpa of cement capacity.By Meghna Sen April 27, 2026, 1:11:01 PM IST (Published)1 Min ReadShares of India Cements Ltd. surged as much as 13% on Monday, April 27, after the company delivered a strong Q4FY26 performance, signalling early gains from its integration with UltraTech.
The company reported EBITDA of ₹153 crore, while EBITDA per tonne rose to a 17-quarter high of ₹497, compared with ₹305 in the previous quarter, showing a sharp sequential improvement in operating performance.
The uptick was driven by better realisations, which rose 3.5% quarter-on-quarter and 6.2% year-on-year.
Volumes also remained robust, rising 18% year-on-year to 3.1 million tonnes, marking the highest quarterly volumes since the pandemic.
On the cost front, the company saw improved efficiency, with the share of captive thermal power increasing to 22% from 9% a year ago.
However, net debt increased to ₹1,271 crore as of March 2026, compared with ₹1,135 crore a year earlier.
Management indicated that brand migration to India Cements has been completed as of March 2026.
Looking ahead, the company plans to invest ₹2,000 crore over the next two years towards expansion and efficiency improvements, including adding 2.8 mtpa of cement capacity.
The company is also scaling up its green energy mix, targeting an increase in renewable energy and waste heat recovery systems from 5% currently to 80% by FY29. This includes 24 MW of WHRS capacity and 263 MW of renewable power.Continue ReadingTagsIndia CementsIndia cements shareshare market today