Niraj Cement Q2 FY26 – Strong Profit Growth with Improved Operating Performance

Niraj Cement delivered a solid September 2025 quarter, reporting healthy YoY growth across revenue, operating earnings, and net profit, supported by better realizations and operational efficiency. • Sales: ↑ 24% YoY to ₹172 crore (vs ₹138 crore in Sep 2024) • EBIDT: ↑ 82% YoY to ₹9.99 crore (vs ₹5.49 crore) • Net Profit: ↑ 104% YoY to ₹9.18 crore (vs ₹4.05 crore) • EPS: ↑ 52% YoY to ₹1.54 (vs ₹1.01) At a price of ₹36.4, market cap ₹217 crore, and PE 10.7, Niraj Cement continues to show strong earnings momentum and improved profitability, driven by better cost control and an expanding order pipeline.