India Cements Ahead Of September Quarter: The Numbers So Far
- September 23, 2026
- Posted by: Harsh Piplani
- Category: Results
India Cements CMP Rs344. Q1 FY27 operating margin 15.31%, highest in five quarters. UltraTech now holds majority control. PE 78.89, ROE 0.37%.
Track the latest The India Cements Ltd. share price on Univest. As with the rest of this The India Cements Q2 results preview, the numbers cited are drawn from public filings.
The India Cements Q2 results for FY27, covering the September 2026 quarter, have not yet been announced. Cement companies in India generally report Q2 numbers in the October to November period, and until an official board meeting date is intimated, no specific India Cements Q2 results date can be confirmed. This preview relies only on reported historical numbers from Jun 2025 through Jun 2026. This The India Cements Q2 results outlook is based only on historical, already-reported figures. This The India Cements Q2 results outlook is based only on historical, already-reported figures.
The India Cements Q2 Results Date: Current Status
As of now, no Q2 FY27 results date has been set by The India Cements. Companies in the cement sector typically announce their September-quarter earnings between mid-October and mid-November, so investors should watch for a formal exchange filing confirming the India Cements Q2 results date nearer that period. Readers following the The India Cements Q2 results should note that no forward estimate is implied here.
The India Cements Q2 Results Expectations
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The India Cements Q2 Results Expectations discussed here are trend-based, not numeric forecasts, since no verified Sep 2026 estimates exist. The company is now under the majority control of UltraTech Cement, which acquired its stake through 2024 and 2025, and the historical data shows operating margin improving steadily through FY26, from 7.25% in Sep 2025 to 15.31% in Jun 2026. Whether that improving margin trajectory continues into the Sep 2026 quarter is something the actual results, once announced, will confirm; this preview does not assume a specific outcome. The The India Cements Q2 results discussion above draws entirely on numbers the company has already disclosed.
Previous Quarter (Q1 FY27, Jun 2026) Performance
For the quarter ended June 2026, The India Cements reported revenue of Rs1,019 crore, operating profit of Rs156 crore at a 15.31% operating margin, and net profit of Rs27 crore. This was the strongest operating margin in the five-quarter window shown here, continuing the gradual improvement seen since the Sep 2025 quarter, even as revenue itself was largely flat sequentially from Mar 2026’s Rs1,229 crore. For context on the The India Cements Q2 results, the preceding quarterly figures are all historical, not projected.
Q2 FY26 (Sep 2025) Base Quarter: The Year-Ago Comparator
In the Sep 2025 quarter, India Cements’ Q2 FY26 base, revenue stood at Rs1,117 crore, operating profit at Rs81 crore, operating margin at 7.25%, and net profit at Rs9 crore. Any year-on-year comparison for the upcoming Q2 FY27 results will be benchmarked against this Sep 2025 print. This section of the The India Cements Q2 results coverage relies solely on reported data, not analyst forecasts.
Recent Trend: Jun 2025 Through Jun 2026
| Quarter | Revenue (Rs cr) | Operating Margin | Net Profit (Rs cr) |
|---|---|---|---|
| Jun 2025 | 1,025 | 8.10% | -133 |
| Sep 2025 | 1,117 | 7.25% | 9 |
| Dec 2025 | 1,114 | 7.09% | -3 |
| Mar 2026 | 1,229 | 12.45% | 60 |
| Jun 2026 | 1,019 | 15.31% | 27 |
Revenue has stayed in a fairly narrow Rs1,000 to Rs1,230 crore band across the five quarters, but operating margin has moved up in a fairly consistent step pattern, from 7.09% in Dec 2025 to 12.45% in Mar 2026 and then 15.31% in Jun 2026. Net profit, by contrast, has swung between losses and modest gains, reflecting the impact of other-income and tax lines beyond the core operating trend. The The India Cements Q2 results trend described here reflects only what has already been reported to exchanges.
Key Factors Ahead Of The Q2 FY27 Preview
The most relevant context for this India Cements Q2 FY27 preview is the change in ownership and control. UltraTech Cement acquired a majority stake in The India Cements through 2024 and 2025, and the steady climb in operating margin over the past few quarters is consistent with operational changes typically associated with new majority control, based purely on the trend visible in the reported numbers. A second factor is the gap between operating profit and net profit: while operating profit has trended up, net profit has been volatile due to other-income and tax items, so investors should track both lines separately rather than reading net profit alone as the operating story. Any reader researching the The India Cements Q2 results should treat the figures above as historical reference points.
Valuation Snapshot Ahead Of Q2 FY27
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The India Cements trades at a CMP of Rs344.0, with a trailing PE of 78.89 and a price-to-book ratio of 1.05 against a book value of Rs327.0 per share. Return on equity is low at 0.37%, and EPS stands at Rs4.36. The debt-to-equity ratio is 0.13. The stock’s 52-week range is Rs331.65 to Rs485.8, and the current price is below both the 50-day moving average of Rs375.12 and the 200-day moving average of Rs399.66, with an RSI of 38.43, pointing to a stock that has cooled off from its highs. Market capitalisation is around Rs10,653 crore, and the company currently pays no dividend. As with the rest of this The India Cements Q2 results preview, the numbers cited are drawn from public filings.
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What To Watch In The India Cements Q2 Results FY27
Once announced, the Q2 FY27 print is worth watching for whether the operating margin improvement seen through FY26 extends into the Sep 2026 quarter, whether revenue breaks out of its recent Rs1,000-1,230 crore range, and whether net profit stabilises now that the large Jun 2025 loss appears to have moved into positive territory by Jun 2026. Comparing the Sep 2026 numbers with the Sep 2025 base quarter will offer the clearest year-on-year read. This The India Cements Q2 results outlook is based only on historical, already-reported figures.
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Conclusion
This India Cements Q2 results preview for FY27 is grounded entirely in the reported Jun 2025 to Jun 2026 numbers, with no Sep 2026 results date or forecast yet available. The steadily improving operating margin trend under UltraTech Cement’s majority control and the Sep 2025 base quarter are the key factual reference points ahead of the results, which are expected in the usual October-November season. Readers following the The India Cements Q2 results should note that no forward estimate is implied here.
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This article is prepared for informational purposes only and does not constitute investment advice or a recommendation to buy, sell or hold any security. Data used is based on publicly available historical financial information and may be subject to revision. Investments in securities are subject to market risk; please read all related documents carefully before investing and consult a SEBI-registered investment or research advisor. Univest Research Analyst registration number: INH000013776. The The India Cements Q2 results discussion above draws entirely on numbers the company has already disclosed.
When will The India Cements announce its Q2 FY27 results?
Ans. No date has been announced yet. Cement companies, including India Cements, typically report September-quarter results between October and November, so the Q2 FY27 results date is expected in that window. For context on the The India Cements Q2 results, the preceding quarterly figures are all historical, not projected.
Who controls The India Cements now?
Ans. The India Cements is now majority controlled by UltraTech Cement, which acquired its stake in the company through 2024 and 2025. This section of the The India Cements Q2 results coverage relies solely on reported data, not analyst forecasts.
What was India Cements’ operating margin in Q1 FY27?
Ans. India Cements reported an operating margin of 15.31% in the quarter ended June 2026, the highest level in the five quarters from Jun 2025 to Jun 2026. The The India Cements Q2 results trend described here reflects only what has already been reported to exchanges.
Has India Cements’ profitability been improving?
Ans. Operating margin has improved steadily through FY26, from 7.25% in Sep 2025 to 15.31% in Jun 2026, though net profit has remained volatile due to other-income and tax swings. Any reader researching the The India Cements Q2 results should treat the figures above as historical reference points.
