Shares of India Cements Ltd. surged as much as 14% on Monday, April 27, following the company's robust fourth quarter FY26 results. According to reports from CNBC TV18, the company delivered strong operational metrics that signalled early gains from its integration with UltraTech. The stock rally was driven by significant improvements in key performance indicators, with the company reporting EBITDA of ₹153 crore and EBITDA per tonne rising to a 17-quarter high of ₹497, compared with ₹305 in the previous quarter.
The company demonstrated strong operational performance with volumes rising 18% year-on-year to 3.1 million tonnes, marking the highest quarterly volumes since the pandemic. As reported by CNBC TV18, better realisations contributed to the improved performance, with prices rising 3.5% quarter-on-quarter and 6.2% year-on-year. The company also achieved significant cost efficiency improvements, with the share of captive thermal power increasing to 22% from 9% a year ago.
Despite operational improvements, the company's financial position showed some challenges, with net debt increasing to ₹1,271 crore as of March 2026, compared with ₹1,135 crore a year earlier. According to CNBC TV18, management indicated that brand migration to India Cements has been completed as of March 2026. The company's improved operational metrics demonstrate the benefits of the UltraTech integration, with management expressing confidence in the integration's success.
Looking ahead, India Cements has outlined ambitious expansion plans, as reported by CNBC TV18. 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 initiatives, targeting an increase in renewable energy and waste heat recovery systems from 5% currently to 80% by FY29, which includes 24 MW of WHRS capacity and 263 MW of renewable power.
