Stock Code: NSE – STARCEMENT | BSE – 540575
Kolkata, January 30, 2025 – Star Cement Limited announced its financial results for the third quarter and nine months ending December 31, 2024, following a board meeting earlier today. The company reported its unaudited standalone and consolidated financial performance along with the limited review report by statutory auditors.Key Financial Highlights (₹ in Lakhs)
| Particulars | Q3 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 |
|---|---|---|---|---|
| Revenue from Operations | 45,419.11 | 43,771.21 | 1,33,953.03 | 1,30,306.23 |
| Total Income | 45,420.17 | 40,657.23 | 1,34,351.35 | 1,29,498.88 |
| EBITDA | 8,692.22 | (6,670.23) | 33,893.88 | (13,809.90) |
| Profit Before Tax (PBT) | 8,692.22 | (6,670.23) | 33,893.88 | (13,809.90) |
| Profit After Tax (PAT) | 5,641.12 | (4,430.85) | 22,069.79 | (9,531.23) |
| Total Comprehensive Income | 5,579.09 | (3,777.60) | 21,937.80 | (9,566.44) |
| Basic EPS (₹) | 1.10 | (0.95) | 5.46 | (2.36) |
Segment-Wise Performance
- Standalone Performance: The standalone revenue stood at ₹45,419.11 lakhs in Q3 FY25, reflecting a marginal increase from ₹43,771.21 lakhs in Q3 FY24.
- Consolidated Performance: The consolidated net profit for Q3 FY25 was ₹5,579.09 lakhs, marking a recovery from a net loss of ₹3,777.60 lakhs in the previous year.
Corporate Announcements
- The Board has approved the unaudited standalone and consolidated financial results for Q3 and nine months of FY25 in compliance with SEBI (LODR) Regulations, 2015.
- The statutory auditors have reviewed the financial statements and have provided an unmodified opinion.
- No deviations in using funds from public issues, rights issues, or preferential issues were reported.
Management Commentary
Sajjan Bhajanka, Chairman of Star Cement, stated:"We are pleased with our financial turnaround, showcasing resilience and operational efficiency. Despite industry challenges, we have achieved a robust growth in profitability. We remain committed to driving value for stakeholders through strategic cost management and expansion initiatives."
Strategic Outlook
- Expansion Plans: The company’s subsidiary, Star Cement North East Limited (SCNEL), commenced cement production at its Guwahati grinding unit on March 12, 2024, further strengthening its regional footprint.
- Tax Optimization: To optimize its tax liabilities, SCNEL has optedction 115BAB of the Income Tax Act, 1961 for a lower tax regime under Se.
- Market Positioning: Star Cement focuses on operational efficiencies and capacity utilization to enhance profitability.