Please refer to the letter attached

SAGAR CEMENTS LIMITED SCL: SEC: NSE: BSE: 2026-27 061h November, 2026 The National Stock Exchange of India Ltd., The Secretary "Exchange Plaza", 5th Floor BSE Limited Bandra - Kurla Complex P J Towers Bandra (East) Dalal Street Mumbai - 400 051 Mumbai -400 00 I Scrip Code: 502090 Symbol SAGCEM Series EQ ISIN INE 229C01021 Dear Sir, Sub: Submission of Earnings Call transcript under Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015 on Q2FY27 financial results Pursuant to the above said Regulation, we are forwarding herewith the transcript of the Eamin~s Call held on 02nd November, 2026 in connection with the recently announced un-aud1ted Stand-alone and Consolidated financial results of the company for the second quarter and half year ended 30th September 2026. Thanking you Yours faithfully For Sagar Cements Limited J. Raja Reddy Company Secretary M.No: A31113 Encl: a/a Registered Office : CERTIFIED Plot No. 111, Road No. I 0,jubilee Hills, Hyderabad -500033,Telangana State, India. Phone : +91 40 23351571, 23351572 ISO 9001:2015 E-mail : info@sagarcements.in Website : www.sagarcements.in CIN : L26942TG 1981 PLC002887 GSTIN : 36AACCS8680H2ZY ISO 14001:2015 ISO 45001:2018 Factories: ISO 50001:2018 I) MattampallyVillage & Manda!, Suryapet District,Telangana State -508204. Phone: 08683 247039 GSTIN: 36AACCS8680H I ZZ 2) Bayyavaram Village, Kasimkota Mandal, Anakapally District, Andhra Pradesh State -531031. Phone : 08924 244550 ~ GSTIN : 37 AACCS8680H I ZX J) Gudipadu Village, Yadiki Mandal, Ananthapur District, Andhra Pradesh State -515408. Phone: 08558 200272 GSTIN : 37A ACCS8680H I ZX UKAS MAflAGEMENT 4) Kalinganagar, Industrial Complex, Tahsil-Dangadi, Dist -jajpur, Odisha State. Phone : 08340 882288 GSTIN : 21 AACCS8680H I ZA 1/Jal;IIH--W SYSTEMS 0008 Sagar Cements Limited (SAGARCEM) Q2 & H1 FY '27 Earnings Conference Call November 2, 2026 MANAGEMENT: Gavin Desa - CDR India Sreekanth Reddy - Joint Managing Director ANALYSTS: Niteen S. Dharmawat Shravan Shah Rajesh Ravi Parth Bhavsar Vibha Presentation Moderator: Good morning, ladies and gentlemen. Welcome you all to the Q2 & H1, FY '27 Results Conference Call of Sagar Cements Limited. From the management, we have with us today Mr. Sreekanth Reddy, Joint Managing Director; Mr. K. Prasad, Chief Financial Officer; Mr. Rajesh Singh, Chief Marketing Officer; and Mr. Raja Reddy, the Company Secretary. I would now like to hand over the call to Gavin Desa from CDR India for his opening comments, post which we will hand over the call to the management. Over to you, Gavin. Gavin Desa: Thank you, Manish. Thank you for the introduction. Just like to add that some statements made on today's discussion may be forward- looking in nature, and a note to this effect was stated in the con-call invite sent to you along with the financial presentation and the statements. I'd now like to request Sreekanth to start with the opening remarks. Over to you. Sreekanth Reddy: Thank you, Gavin. Good morning, everyone, and welcome to Sagar Cements earnings call for the quarter and half year ended September 30, 2026. Let me begin the discussion with a brief overview of the market, post which I'll move on to Sagar specific developments. The second quarter witnessed a relatively resilient demand environment for the cement industry, despite the seasonal slowdown associated with the monsoons. Construction activity across key markets remained reasonably healthy, supported by steady progress in infrastructure projects undertaken by both central and state governments, alongside continued demand from the housing and construction sectors. The relatively uneven Page 1 of 14 Sagar Cements Limited (SAGARCEM) Q2 & H1 FY '27 Earnings Conference Call November 2, 2026 distribution of rainfall across the regions also helped moderate the seasonal impact on overall cement consumption. On the pricing front, cement prices remained soft during July and August before recovering to some extent during September. Despite near term seasonal challenges, the industry's medium to long-term demand outlook remains encouraging, supported by sustained infrastructure investments, urbanisation, and a healthy pipeline of housing and industrial projects. Moving on to Sagar specific developments, we delivered a healthy volume growth of 26% during the quarter, reflecting resilient demand across our key markets and steady execution, despite, the monsoon- related slowdown. Consequently, revenue increased by 17% year-on- year, supported primarily by higher volumes. We remain confident of achieving our FY '27 volume guidance of approximately 7 million tonnes supported by our expanded capacity and improving demand outlook. From an operational standpoint, EBITDA per ton for the quarter stood at ₹265. Profitability continued to reflect elevated input costs, particularly across fuel, packaging, and other operating expense owing to geopolitical developments in West Asia. Our ongoing cost optimisation initiatives, including increased utilisation of waste heat recovery systems, improvements in operating efficiencies, and benefits from our recent capacity additions helped mitigate a significant part of these pressures. The quarter also witnessed planned maintenance shutdowns at certain facilities, which had an impact on operating performance. Looking ahead, we expect profitability to improve during H2 FY '27, supported by post-monsoon recovery in demand, increasing renewable energy usage, ongoing logistics, optimisation, and efficiency gains from our recent plant upgrades. These initiatives are expected to progressively strengthen our cost structure and support margin improvement over the coming quarters. On the CapEx front, we completed 0.75 million ton grinding capacity in Andhra during the quarter, further strengthening our manufacturing footprint and taking our overall capacity to 11.75 million. Alongside we recently commissioned 4.35-megawatt waste heat recovery capacity at Gudipadu and a 0.5-million-ton expansion at Jeerabad, these investments are expected to enhance operating efficiencies, Page 2 of 14 Sagar Cements Limited (SAGARCEM) Q2 & H1 FY '27 Earnings Conference Call November 2, 2026 support higher capacity utilisation, and position us well to capture future demand. Coming to the key operating metrics, power and fuel cost stood at ₹1,473 per ton during the quarter compared to ₹1,428 per ton in Q2 FY '26. Freight cost stood at ₹900 per ton, compared with ₹855 per ton in the corresponding quarter last year. In terms of plant-wise operations, our Mattampally facility operated at 73% utilisation, while Gudipadu, Bayyavaram, Jeerabad, Jajpur, and Dachepalli operated at 85%, 52%, 72%, 38%, and 57%, respectively during the quarter. Loss after tax stood at ₹52 crore. Turning to the balance sheet, gross debt as of September 30th, 2026, stood at ₹1,735 crore, out of which ₹1,482 crore comprising long-term borrowing, while the balance represents working capital borrowing. Consolidated net worth stood at ₹1,781 crore, while the debt-to-equity ratio was at 0.83:1. Cash and bank balances stood at ₹106 crore as of 30th September, 2026. That concludes my opening remarks. We would be glad to take any questions that you may have. Thank you. Question-and-Answer Session Moderator: Thank you. We will take the first question from Niteen S. Dharmawat. Please go ahead, Niteen. Niteen S. Dharmawat: Thank you, Mr. Reddy. Good morning. So, the first question is like, this is stripping out the ₹7.5 crore cess write-back. Standalone EBITDA was at around ₹47 per ton this quarter. So why are our plants earning less than Andhra Cements, and when do they recover? Sreekanth Reddy: Yeah, you should be aware during this quarter, the plants at Mattampally and Jeerabad were under maintenance shutdown. At Mattampally, it has been a long and expensive kind of a shutdown. So that is the reason why we are happy to state that Andhra is doing well, but other plants had the shutdown. So, I [Showing first 8,000 characters — download PDF for full document]