Star Cement Limited Approves Financial Results and Key Management Changes for FY 2026
Star Cement Limited announced key operational updates, the approval of audited financial results for the year ending March 31, 2026, and significant changes in the designation of its senior management. The Board of Directors held its meeting on May 22, 2026, taking record of the audited standalone and consolidated financial results for the fourth quarter and the full year.Financial Performance and Financial Statements
The company released audited financial results for the full year and quarter ended March 31, 2026. The consolidated financial results showed a total revenue from operations of ₹3,77,648.73 million for the year ended March 31, 2026.The financial performance figures for the quarter and year ended March 31, 2026, are presented below:
| Particulars | Quarter ended March 31, 2026 (Audited) | Year ended March 31, 2026 (Audited) |
|---|---|---|
| Total Income | 79,543.79 million | 3,79,574.82 million |
| Total Expenses | 69,307.73 million | 3,25,212.72 million |
| Profit/(Loss) after tax for the period | 6,761.48 million | 39,045.59 million |
| Total Comprehensive Income for the period | 6,804.37 million | 38,987.77 million |
The Balance Sheet data (in ₹ Lakhs) comparing the years shows significant asset and liability movements:
| Particulars | Standalone (31.03.2026) | Standalone (31.03.2025) | Consolidated (31.03.2026) | Consolidated (31.03.2025) |
|---|---|---|---|---|
| Total Assets | 2,77,878.11 | 2,72,183.28 | 4,64,685.70 | 4,10,684.91 |
| Total Equity | 1,63,387.63 | 1,58,405.54 | 3,15,078.48 | 2,83,877.68 |
| Total Liabilities | 1,10,448.68 | 1,09,735.94 | 1,45,877.58 | - |
Furthermore, the company reported the following cash flow details (in ₹ Million):
| Particulars | Operating Activities (31.03.2026) | Investing Activities (31.03.2026) | Financing Activities (31.03.2026) |
|---|---|---|---|
| Net cash flow from operating activities | 76,485.71 | (84,332.33) | 5,175.62 |
| Net cash flow from investing activities | |||
| Net cash flow from financing activities | |||
| Net increase/(decrease) in cash and cash equivalents | (2,671.00) |
Governance and Personnel Updates
The Board of Directors approved several key changes regarding the company's leadership and auditing structure:Management Designations:
The Board approved the following changes in designations with immediate effect:
1. Mr. Prem Kumar Bhajanka: His designation was changed from Managing Director to Vice Chairman & Managing Director.
2. Mr. Tushar Bhajanka: His designation was changed from Deputy Managing Director to Managing Director & Chief Executive Officer (CEO). He was also re-appointed for a further period of three years, from May 22, 2026, to May 21, 2029, subject to shareholder approval via Postal Ballot.
Statutory Auditing:
In line with the recommendation of the Audit Committee, the Board approved the re-appointment of M/s B. G. Chowdhury & Co., Cost Accountants, Kolkata, as Cost Auditors of the Company for the Financial Year (FY) 2026-27.
Other Operational Developments
The company confirmed that Star Cement North East Limited (SCNEL) commenced cement production in its grinding unit located at Silchar, Assam, with an installed capacity of 2 Million Tons per annum during the quarter ended March 31, 2026.Additionally, the Board approved conducting a Postal Ballot to seek shareholder approval for the re-appointment of Mr. Tushar Bhajanka, Managing Director & Chief Executive Officer (CEO), with revised terms and conditions.
STARCEMENT Stock Price Movement
Today, Star Cement Limited shares edged higher to close at ₹220.99, gaining 4.07% on the day. The stock traded on solid interest, recording a total volume of 722,547 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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