Investor Presentation on performance of the Company for the quarter ended 30th September 2026

SH/ 17.10.2026 BSE Limited National Stock Exchange of India Limited Corporate Relationship Dept. Exchange Plaza, 5th Floor First Floor, New Trading Ring Plot No.C/1, G Block Rotunda Building B a n d r a-Kurla Complex Phiroze Jeejeebhoy Towers Bandra (E) Dalal Street, Fort MUMBAI 400 051. MUMBAI 400 001. Scrip Code : 530005 Scrip Code : INDIACEM Dear Sirs, Sub.: Investor Presentation for the quarter ended 30th September 2026 In continuation to our letter dated 17.10.2026, forwarding a copy of the Unaudited Financial Results for the Quarter and Half-year ended 30th September, 2026, we attach herewith an Investor’s Presentation on the performance of the Company for the Quarter ended 30th September, 2026, for your records. The same will also be made available on the Company’s website www.indiacements.co.in. Thanking you, Yours faithfully, for THE INDIA CEMENTS LIMITED COMPANY SECRETARY Encl.: As above ✓CC: Luxembourg Stock Exchange P O Box 165 L-2811 Luxembourg Grand Duchy of Luxembourg EUROPE. X:\RPT 30092026\investor Presentation\SEs ltr dt 17-10-2026-BM-Investor Presentation.docx Email:investor.indiacements@adityabirla.com The India Cements Limited A Subsidiary of UltraTech Cement Limited) Q2FY27 Results FORCE GOO D A FOR Agenda Business Financial ESG highlights performance updates Business highlights Sankar Nagar Cement Works, Tamil Nadu Q2FY27 Key highlights Consistent growth in Volume and Profitability Business highlights 2.83 MTPA Rs. 148 Cr Rs. 510 Domestic Cement Volume EBITDA Operating EBITDA/t 16.2% YoY 34.3% YoY Rs. 177/t YoY Business highlights Key Initiatives Planned | Progress update Conversion of 4/5 stage 24 MW of WHRS Expansion of Cement Implementation of safety preheaters to 6 stage 263 MW of RE Power Capacities by 2.8 Mtpa standards & practices and preheaters; cooler Employee Engagement upgradation; process Programs. optimization Rs. 2,000 Rs. 1,728 Cr Cr Investment approved Committed till September 2026 Upgradation Projects started across Plants and expected to be continued in Q3 and Q4 Business highlights Capacity expansion roadmap Cement Capacity (MTPA) Cement Capacity (MTPA) Plants FY25 FY28 Capacity 17.55 Sankar Nagar 2.05 2.05 14.45 Sankari 0.86 0.86 Chilamkur 1.46 1.46 Dalavoi 1.85 0.40 2.25 Yerraguntla 0.73 0.73 Vishnupuram 2.50 2.50 Malkapur 2.40 2.40 Banswara 1.50 0.90 2.40 FY25 FY28 Chennai 1.10 1.80 2.90 Overall 14.45 3.10 17.55 Financial performance Financial performance Sales Realisation (net of logistics cost) Cement (domestic) (Rs./t) 1.3% decrease QoQ 3,847 3,798 3,761 Q2FY26 Q1FY26 Q2FY27 Net Realisation = Selling Price net of GST less Discounts and Logistics Cost Profitability Operational Efficiencies and Increase in Capacity Utilization resulting to Higher EBITDA and PAT Financial performance EBITDA (Rs. Cr) PAT* (Rs. Cr) 160% increase YoY 34% increase YoY Q2FY26 Q1FY27 Q2FY27 Q2FY26 Q1FY27 Q2FY27 *Before exceptional items Q2FY27 Key cost indicators Raw Material Fuel Power Other Costs Financial performance 26% 34% 16% 24% % of total costs 890 1143 527 824 Rs./t 9% 13% 12% 6% 14% 14% 6% 0.3% Purchase for Work in progress is allocated to respective line items for appropriate comparison Financial performance Fuel cost Fuel cost (Rs./t ) Fuel rate (Rs./kcal) 2.15 14% increase YoY 1.96 1.74 1.74 1.75 9% Increase QoQ 1,143 Q2FY26 Q1FY27 Q2FY27 1,044 1,004 Fuel mix (%) Pet coke US Coal 75% 74% 53% 49% 42% 48% Q2FY26 Q1FY27 Q2FY27 Q2FY26 Q1FY27 Q2FY27 Financial performance Power cost Q2FY26 Q2FY27 Particulars Power mix Rate (Rs./kWh) Power mix Rate (Rs./kWh) Captive thermal power 23.8% 6.94 5.6% 9.75 State grid and others 63.2% 6.33 63.1% 6.70 Renewable energy 7.1% 1.54 24.7% 4.86 Waste heat recovery system 5.9% 0.09 6.6% 0.03 Power cost (Rs./kWh) 5.78 5.98 Total power consumed (kWh/t of cement) 87.05 75.76 Power cost (Rs./t) 615 527 Financial performance Raw material cost Raw material cost (Rs./t) Raw material cost index Fly ash Limestone raising Gypsum 6% decrease YoY 110000 0.3% Increase QoQ 887 890 6 7 7 2 2 2 Y Y Y F F F 1 1 2 Q Q Q Q2FY26 Q1FY27 Q2FY27 Financial performance Packing costs Packing costs (Rs./t) 37% increase YoY − YoY: ▪ Increase in Raw Material Cost 6% decrease QoQ Q2FY26 Q1FY27 Q2FY27 Financial performance Other costs Other costs (Rs./t) 17% decrease YoY − YoY: ▪ Benefit of Brand Transition in Marketing Cost ▪ Operating leverage benefit 22% increase QoQ − QoQ: ▪ Increase in Stores & RPM during shutdown for upgradation projects ▪ Impact of Clinker Purchase during shutdown for upgradation projects Q2FY26 Q1FY27 Q2FY27 Financial performance Financial performance for the quarter (1/2) (Rs. Cr) Particulars Q2FY26 Q2FY27 Income: Revenue from Operations 1,117 1,142 Expenses: Raw materials consumed 214 326 Changes in inventory 44 (25) Employee costs 58 45 Power and fuel 367 448 Logistics cost 198 40 Other expenses 155 164 Total expenses 1,036 998 Operating EBITDA 81 144 Other income 29 4 EBITDA 110 148 Consolidated financials after elimination of inter company transactions Financial performance Financial performance for the quarter (2/2) (Rs. Cr) Particulars Q2FY26 Q2FY27 EBITDA 110 148 Finance costs 25 24 Depreciation and amortisation 74 72 Tax expenses (4) 13 Share of profit / (loss) from JVs and associates 0 0 Exceptional items (profit / (loss)) * 6 0 PAT (before exceptional items) 15 39 PAT 9 39 Consolidated financials after elimination of inter company transactions. *Impairment of investment/asset, Provisions for Prio r Period Items Financial performance Consolidated Financial position (Rs. Cr) Particulars March 2026 September 2026 Net fixed assets incl. assets held for Sale^ 11,717 12,175 Non -current investments 81 94 Net working capital 191 128 Application of funds 11,989 12,397 Shareholder’s fund 10,124 10,189 (incl. minority interest) Net debt 1,271 1,591 Deferred tax liability (Net) 594 617 Sources of funds 11,989 12,397 ^ Including Revaluation reserves ₹ 5,294 Crores Consolidated financials after elimination of inter company transactions updates ESG updates ESG metrics Clinker conversion Alternative fuel mix WHRS power mix Renewable power mix 1.55x 24.7% 1.45x 6.6% 4.1% 5.9% 2.4% 7.1% Q2FY26 Q2FY27 Q2FY26 Q2FY27 Q2FY26 Q2FY27 Q2FY26 Q2FY27 *Feeding system under shutdown for modifications ESG updates ESG Roadmap India Cements WHRS power mix Renewable Powe Mix 9MW 9MW 33W 33W 33W 20MW 34MW 253MW 283MW 283MW 60.0% 53.0% 20.0% 20.0% 28.0% 7.0% 4.0% 5.0% 3.0% 3.0% FY25 FY26 FY27 FY28 FY29 FY25 FY26 FY27 FY28 FY29 *Capacity available for part of the year Plan to scale up Green Power ( RE+WHRS ) from 6% to 80% by FY29 ESG updates Strengthening rural communities Lake Pathway and Donation of sewing Renovation Work machines for In Dalavoi Tamilnadu economically weaker section Dalavoi Cement Works Sankar Nagar Cement Works Enabled agricultural Free Medical Camp support for local conducted in farmers, promoting Mithabhaspalli sustainable rural covering over 300 livelihoods beneficiaries Sankari Cement Works Malkapur Cement Works Disclaimer Statements in this ‘presentation’ describing the Company’s objectives, estimates, expectations or predictions may be “forward looking statements” within the meaning of applicable securities laws and regulations . Actual results could differ materially from those expressed or implied . Important factors that could make difference to the Company’s operations include global and Indian demand supply conditions, finished goods prices, feedstock availability and prices, cyclical demand and pricing in the Company’s principal markets, changes in governmental regulations, tax regimes, economic developments within India and the countries within which the Company conducts business and other factors such as litigation and labour negotiations . The Company assumes no responsibility to publicly amend, modify or revise any forward -looking statement, due to any subsequent development, information or events, or otherwise . The India Cements Limited (A Subsidiary of [Showing first 8,000 characters — download PDF for full document]