Investor Presentation

**1. Financial Highlights:** Consolidated Q1 FY26 revenue reached ₹10,289 Cr (vs ₹9,981 Cr in Q4 FY25), with EBITDA rising to ₹1,961 Cr (vs ₹1,868 Cr). EBITDA margin expanded to 19.1% from 18.7%. Power & fuel costs per ton increased 8% sequentially to ₹1,367, attributed to new asset consolidation, higher clinker inventory, and kiln shutdowns.

Cash & equivalents significantly dropped to ₹2,971 Cr from ₹10,125 Cr, due to ₹5,906 Cr for the Orient acquisition and ₹1,929 Cr in capital expenditure. **2. Strategic Initiatives & Growth Drivers:** Consolidation of Orient Cement financials in Q1 FY26 signals key inorganic growth.

Higher clinker production indicates increased operational capacity.

Reporting alignment to industry EBITDA per ton for cement enhances transparency. **3. Business Developments:** Recent acquisitions, notably Orient and Penna, are now integrated, impacting financials with substantial purchase outflows. **4. Market Position & Competitive Advantage:** Adopting industry-standard EBITDA per ton reporting improves investor transparency.

Strategic acquisitions are set to bolster market presence and scale. **5. Investor Implications:** Operational momentum is strong with revenue and margin growth.

However, significant investments in acquisitions and capex highlight a strategic expansion.

Effective integration and cost management, especially concerning rising power costs, will be crucial.

This aggressive expansion offers positive growth potential, with asset utilization being a key factor to watch.