Sagar Cements Q2 FY27 consolidated loss at Rs 51.54 cr on Rs 705.36 cr revenue

What the numbers show

• Net margin was -7.31% of revenue, against -7.34% a year earlier.
• Total expenses rose 19.0% while revenue rose 17.2%.

• Basis: Consolidated statement of unaudited financial results for the quarter ended September 30, 2026 ("Quarter ended September 30, 2026" column), compared with the "Quarter ended September 30, 2025" column in the same table.

• Revenue from operations: Rs 705.36 cr (Q2 FY27) vs Rs 601.86 cr (Q2 FY26), as per line "Revenue from operations" under "Income" in the statement of consolidated unaudited financial results.

• Total income: Rs 707.78 cr (Q2 FY27) vs Rs 606.20 cr (Q2 FY26), from the "Total income" line in the same consolidated table.

• Total expenses: Rs 776.50 cr (Q2 FY27) vs Rs 652.71 cr (Q2 FY26), from the "Total expenses" line under "Expenses" in the consolidated statement of financial results.

• Loss before tax: Rs (68.72) cr (Q2 FY27) vs Rs (46.51) cr (Q2 FY26), from the "Loss before tax (1 - 2)" line in the consolidated results.

• Tax expense (total): Rs (17.18) cr (Q2 FY27) vs Rs (2.34) cr (Q2 FY26), from the "Total tax expense" line in the consolidated table.

• Net loss for the period: Rs (51.54) cr (Q2 FY27) vs Rs (44.17) cr (Q2 FY26), from the "Net loss for the period/ year (3 - 4)" line in the consolidated statement.

• Earnings per share (basic): Rs (3.94) (Q2 FY27) vs Rs (3.38) (Q2 FY26), from the "Earnings per share of t 2 each – Basic (in t)" line.

• Earnings per share (diluted): Rs (3.94) (Q2 FY27) vs Rs (3.38) (Q2 FY26), from the "Diluted (in t)" line in the same EPS section.

In the consolidated statement of unaudited financial results for the quarter ended September 30, 2026, Sagar Cements Limited reported revenue from operations of Rs 705.36 cr, up from Rs 601.86 cr in the corresponding quarter ended September 30, 2025. Including other income of Rs 2.42 cr versus Rs 4.34 cr a year earlier, total income stood at Rs 707.78 cr compared with Rs 606.20 cr in the prior-year quarter.

On the cost side, total expenses rose to Rs 776.50 cr in the quarter ended September 30, 2026 from Rs 652.71 cr a year earlier. Key expense lines in the consolidated table include cost of materials consumed of Rs 115.42 cr (vs Rs 100.04 cr), changes in inventories of finished goods and work-in-progress of Rs 16.89 cr (vs Rs 80.61 cr), employee benefits expense of Rs 37.94 cr (vs Rs 39.21 cr), finance costs of Rs 55.16 cr (vs Rs 46.48 cr), depreciation and amortisation expenses of Rs 61.29 cr (vs Rs 55.70 cr), power and fuel expense of Rs 246.10 cr (vs Rs 145.56 cr), freight and forwarding expense of Rs 154.08 cr (vs Rs 108.69 cr) and other expenses of Rs 89.62 cr (vs Rs 76.42 cr), all as presented under "Expenses" in the consolidated statement of financial results.

The higher expense base led to a consolidated loss before tax of Rs (68.72) cr for the quarter ended September 30, 2026, compared with a loss before tax of Rs (46.51) cr in the corresponding quarter of the previous year. After a total tax expense of Rs (17.18) cr versus Rs (2.34) cr a year earlier, the consolidated net loss for the period was Rs (51.54) cr, compared with Rs (44.17) cr in the quarter ended September 30, 2025. Basic and diluted earnings per share off 2 each were Rs (3.94) for the quarter, versus Rs (3.38) in the same quarter of the prior year, as disclosed in the earnings per share section of the consolidated statement of unaudited financial results.