A leading cement manufacturer reported a 74.7% decline in its consolidated net profit to Rs 20.43 crore for the quarter ended September 30, 2026, compared with Rs 80.63 crore in the corresponding quarter of the previous financial year. Despite the decline in profitability, the company's consolidated total income increased by 4.7%, reaching Rs 1,626.88 crore in Q2 FY27, compared with Rs 1,554.44 crore in Q2 FY26. The company's sales volume also recorded growth, increasing to 29.83 lakh tonnes from 28.43 lakh tonnes in the corresponding quarter last year. Net sales rose to Rs 1,616.92 crore against Rs 1,531.77 crore in Q2 FY26. However, the company's financial leverage increased during the reporting period. Its net debt-to-EBITDA ratio stood at 2.31 times, compared with 1.25 times a year earlier. Similarly, the net debt-to-equity ratio increased to 0.51 times from 0.38 times. During the first half of FY27, the company recorded a sales volume of 65.81 lakh tonnes, compared with 61.69 lakh tonnes in H1 FY26. Net sales increased to Rs 3,521.70 crore from Rs 3,272.70 crore. However, PBIDT (Profit Before Interest, Depreciation and Tax) declined to Rs 438.26 crore from Rs 568.35 crore during the corresponding period of the previous financial year. As part of its infrastructure development strategy, the company is investing Rs 325 crore in establishing a railway siding at its Durg cement plant. The project is being funded through Rs 225 crore in debt, with the remaining amount coming from internal accruals. The first phase of the railway siding project has already been completed. Additionally, the company is undertaking a major expansion project estimated at Rs 3,000 crore. The investment will be financed through a combination of debt and internal accruals, with the entire project expected to be completed by March 2028. The latest financial results highlight a mixed performance in the cement sector, with improvements in sales volume and revenue alongside a significant decline in profitability.