Star Cement swings to ₹130 cr profit as board reshuffles top brass
The company ended its standalone loss position, while Tushar Bhajanka takes the helm as MD and CEO.
What's new
- Standalone profit hit ₹130.27 cr, reversing a prior-year loss of ₹58.47 cr.
- Revenue climbed 19.6% to ₹2,383.63 cr on higher volumes and better pricing.
- Prem Kumar Bhajanka becomes Vice Chairman; Tushar Bhajanka starts a three-year term as MD and CEO.
Why it matters
Star Cement moved from operational losses to profit. Combining this performance jump with a clear management succession period suggests the company is finished with its recent earnings volatility.
What we're watching
- Whether volume gains hold up against regional competitive pressures.
- The new leadership team's strategy for maintaining the current price realizations.
- Capex updates to see if recent performance fuels further capacity growth.
The full read
Star Cement turned a corner in FY26. After losing ₹58.47 crore at the standalone level last year, the company posted a profit of ₹130.27 crore. Revenue growth of 19.6% to ₹2,383.63 crore provided the lift, powered by higher volume and better realizations. On a consolidated basis, the swing was sharper, with net profit more than doubling to ₹390.46 crore. The board also confirmed a succession path. Prem Kumar Bhajanka moves to the Vice Chairman and Managing Director role, and Tushar Bhajanka takes over as MD and CEO for a three-year term. The numbers are out and the management change is settled. The next task for Tushar Bhajanka is proving this profitability is a baseline, rather than just a recovery bounce.