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 with Star Cement Ltd.
- 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 this matters for Star Cement Ltd.
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.