India Cements Ltd.

BSE: INDIACEM530005ISIN INE383A01012

Commodities
Cement & Cement Products
BSE 500

Share price

₹331.40+16.05 (+5.09%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹489.65
52W low: ₹287.60
Off 52W high: -32.32%
1M return: +10.73%
3M return: -15.48%
6M return: -17.29%
1Y return: -16.77%
20D avg volume: 4,08,687
50 DMA: ₹328.29
200 DMA: ₹382.04

Key ratios Consolidated

Market cap: ₹10,270 Cr
Current price: ₹331.40
52W high / low: ₹489.65 / ₹287.60
Face value: ₹10.00
P/E: 83.84
P/B: 1.01
EPS (TTM): ₹3.95
Book value / share: ₹328.79
ROE: —
ROCE: 0.30%
Operating margin: —
Net margin: —
Debt / equity: 0.13
Net debt: ₹1,291 Cr
Interest cover: 0.36
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 9.5 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	1,142	1,019	1,229	1,114	1,117	1,025	1,197	940.81	1,032	1,027	1,267	1,144
	3.67	3.45	25.85	23.70	29.00	9.11	26.31	46.37	158.95	15.51	20.21	29.38
	1,146	1,023	1,254	1,138	1,146	1,034	1,224	987.18	1,191	1,042	1,287	1,174
	1,093	961.79	1,175	1,134	1,136	1,042	1,313	1,260	1,323	1,190	1,352	1,214
	325.51	246.17	322.53	247.63	214.26	219.34	252.42	200.92	214.39	201.12	250.54	206.60
	0.00	0.00	0.00	0.00	0.00	0.00	1.06	18.15	0.54	30.51	0.38	31.90
	44.95	47.63	62.89	59.89	57.81	62.26	89.65	87.51	96.13	106.61	99.75	87.89
	24.06	26.15	23.38	24.10	25.27	26.58	38.06	73.38	73.33	82.36	64.69	60.39
	71.64	71.94	75.86	74.73	74.47	74.06	74.85	55.25	55.12	56.45	58.06	58.07
	652.33	582.41	674.66	734.25	720.22	721.18	883.50	178.11	192.65	148.88	173.43	176.80
	52.28	61.08	79.71	3.93	10.40	-8.34	-89.60	-272.35	-132.23	-147.97	-64.98	-40.31
	0.00	-25.28	-10.94	-8.47	-6.01	-123.77	90.11	366.15	-223.24	240.68	15.88	26.21
	52.28	35.80	68.77	-4.54	4.39	-132.11	0.51	93.80	-355.47	92.71	-49.10	-14.10
	13.46	8.95	9.27	-1.87	-4.42	0.74	-24.09	39.47	16.32	21.38	0.96	7.52
	38.82	26.85	59.50	-2.67	8.81	-132.91	14.68	122.30	-339.13	58.47	-60.55	0.67
	1.25	0.87	1.92	-0.09	0.28	-4.21	0.69	162.95	-11.55	1.87	-1.91	—
Key metrics
	147.98	133.89	168.01	94.29	104.13	-31.47	113.42	222.43	-227.02	231.52	73.65	104.36
	13.00%	13.10%	13.70%	8.50%	9.30%	-3.10%	9.50%	23.60%	-22.00%	22.50%	5.80%	9.10%
	3.40%	2.60%	4.80%	-0.20%	0.80%	-13.00%	1.20%	13.00%	-32.90%	5.70%	-4.80%	0.10%
	0.60%	—	0.80%	—	0.20%	—	0.30%	—	—	—	—	—
	2.20%	-0.50%	2.60%	18.40%	8.30%	-0.20%	-5.50%	-17.80%	—	—	—	—
	340.60%	120.20%	305.30%	-102.20%	102.60%	-327.30%	124.20%	18,153.70%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	4,504	4,485	4,149	5,112	5,608	4,858	4,511	5,186	5,770	5,432
	56.67	87.66	208.53	64.74	40.11	24.39	40.45	41.67	39.23	24.50
	4,561	4,572	4,357	5,177	5,648	4,883	4,551	5,228	5,810	5,457
	4,364	4,487	5,036	5,482	6,212	4,797	4,240	5,191	5,760	5,367
	1,142	1,004	832.12	973.59	1,055	827.53	731.99	981.19	1,099	940.67
	0.00	0.00	50.26	72.01	105.41	37.65	0.16	28.74	0.38	11.91
	215.36	242.85	376.98	381.55	365.44	340.05	337.80	358.96	365.21	406.23
	97.69	99.33	266.00	243.65	241.68	197.66	271.01	343.19	350.42	279.00
	294.17	299.12	239.44	225.57	219.27	225.53	246.60	255.90	264.74	—
	2,644	2,850	3,247	721.59	701.26	583.76	545.22	727.55	738.65	917.66
	197.00	85.72	-679.13	-305.46	-563.94	85.47	310.66	37.39	49.76	89.74
	-44.69	-149.19	507.79	42.09	186.17	0.00	0.00	-13.78	0.00	0.00
	152.31	-63.47	-171.34	-263.37	-377.77	85.47	310.66	23.61	49.76	89.74
	29.81	2.24	58.49	47.61	207.95	19.49	102.21	29.85	24.50	19.24
	122.50	-67.25	-143.69	-227.34	-126.89	78.46	206.77	50.16	24.54	70.50
	3.95	-2.17	153.85	-7.32	-4.04	8.92	7.01	9.18	0.28	—
Key metrics
	544.17	334.98	334.10	205.85	83.18	508.66	828.27	622.70	664.92	368.74
	12.08%	7.50%	8.10%	4.00%	1.50%	10.50%	18.40%	12.00%	11.50%	6.80%
	2.72%	-1.50%	-3.50%	-4.40%	-2.30%	1.60%	4.60%	1.00%	0.40%	1.30%
	—	0.30%	0.80%	—	—	—	—	—	—	—
	5.24%	8.10%	-18.80%	-8.80%	15.40%	7.70%	-13.00%	-10.10%	6.20%	—
	851.09%	53.20%	36.80%	-79.20%	-261.70%	-62.10%	312.20%	104.40%	-65.20%	—
	—	-249.41	-318.65	—	—	—	—	—	—	—
	—	0.40	1.78	—	—	—	—	—	—	—
	—	0.13	0.11	—	—	—	—	—	—	—
	—	1,291	1,062	—	—	—	—	—	—	—
	—	9.5	20.5	—	—	—	—	—	—	—
Balance sheet
	—	13,403	13,830	—	—	—	—	—	—	—
	—	1,457	1,592	—	—	—	—	—	—	—
	—	13.76	103.10	—	—	—	—	—	—	—
	—	248.48	659.21	—	—	—	—	—	—	—
	—	734.22	556.20	—	—	—	—	—	—	—
	—	288.50	181.64	—	—	—	—	—	—	—
	—	11,179	11,572	—	—	—	—	—	—	—
	—	865.76	981.96	—	—	—	—	—	—	—
	—	1,576	1,250	—	—	—	—	—	—	—
	—	1,305	1,165	—	—	—	—	—	—	—
	—	328.52	94.52	—	—	—	—	—	—	—
	—	976.29	1,071	—	—	—	—	—	—	—
	—	10,124	10,196	—	—	—	—	—	—	—
Cash flow
	—	-26.74	-256.22	—	—	—	—	—	—	—
	—	-102.93	2,015	—	—	—	—	—	—	—
	—	40.33	-1,738	—	—	—	—	—	—	—
	—	222.67	62.43	—	—	—	—	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	1,142	1,019	1,229	1,114	1,117	1,025	1,197	903.16	1,017	971.53	1,245	1,082
	3.42	3.20	30.15	25.75	13.40	8.80	23.53	10.62	9.75	6.37	24.67	16.85
	1,145	1,023	1,259	1,140	1,131	1,033	1,221	913.78	1,026	977.90	1,270	1,099
	1,093	961.77	1,172	1,140	1,142	1,050	1,319	1,221	1,307	1,140	1,319	1,149
	325.51	246.17	322.51	247.62	214.28	219.34	252.42	200.92	196.41	182.37	226.44	181.34
	0.00	0.00	0.00	0.00	0.00	0.00	1.06	1.36	0.52	0.07	0.32	0.35
	44.94	47.62	62.67	59.78	57.62	61.92	89.39	87.22	94.36	104.65	97.93	86.20
	24.06	26.15	23.37	30.46	31.62	32.93	47.60	73.77	72.84	82.44	63.73	59.54
	71.64	71.94	75.86	74.73	74.47	74.06	74.86	55.24	54.00	55.33	56.58	56.59
	652.06	582.40	672.56	733.80	720.34	722.77	880.25	168.75	191.94	144.09	161.40	165.12
	52.31	60.85	86.35	0.07	-11.31	-16.24	-98.43	-306.80	-280.88	-162.39	-48.78	-50.24
	0.00	-25.28	-20.49	-7.72	0.00	0.00	-2.70	-190.26	6.41	240.68	15.87	26.21
	52.31	35.57	65.86	-7.65	-11.31	-16.24	-101.13	-497.06	-274.47	78.29	-32.91	-24.03
	13.46	8.95	11.11	-1.93	-4.45	2.48	25.47	68.22	34.49	20.83	3.58	7.52
	38.85	26.62	54.75	-5.72	-6.86	-13.76	-75.66	-428.84	-239.98	57.46	-29.33	-16.51
	1.25	0.86	1.77	-0.18	-0.22	-0.37	-2.41	144.64	-8.41	1.86	-0.88	-0.56
Key metrics
	148.01	133.66	165.09	97.54	94.78	90.75	21.33	-368.05	-147.63	216.06	87.40	92.10
	13.00%	13.10%	13.40%	8.80%	8.50%	8.90%	1.80%	-40.80%	-14.50%	22.20%	7.00%	8.50%
	3.40%	2.60%	4.50%	-0.50%	-0.60%	-1.30%	-6.30%	-47.50%	-23.60%	5.90%	-2.40%	-1.50%
	0.60%	—	0.80%	—	0.20%	—	-0.40%	—	—	—	—	—
	2.20%	-0.50%	2.60%	23.40%	9.90%	5.50%	-3.90%	-16.50%	—	—	—	—
	666.30%	293.50%	172.40%	98.70%	97.10%	-123.90%	-158.00%	-2,497.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	4,504	4,485	4,088	4,942	5,381	4,713	4,437	5,058	5,628	5,341
	62.52	96.28	50.27	54.32	34.27	16.72	23.45	27.74	30.97	19.41
	4,567	4,581	4,139	4,997	5,415	4,730	4,460	5,085	5,659	5,360
	4,367	4,485	4,987	5,294	6,002	4,676	4,137	5,054	5,566	5,244
	1,142	1,004	832.12	882.57	947.92	784.87	701.50	925.88	1,044	901.38
	0.00	0.00	3.01	1.11	38.82	0.03	0.06	0.40	0.38	11.91
	215.01	242.18	375.62	374.69	358.32	332.19	331.03	349.89	357.14	397.10
	104.04	99.33	276.65	240.44	234.16	204.02	264.95	334.47	324.17	340.17
	294.17	299.12	239.43	219.63	212.99	219.79	241.90	246.85	251.31	255.94
	2,641	2,850	3,237	685.83	678.45	569.22	492.94	706.14	692.62	876.36
	199.58	95.78	-848.50	-296.76	-587.36	54.03	322.71	31.63	93.42	116.11
	-53.49	-28.21	54.13	42.09	180.45	—	—	-100.04	—	—
	146.09	67.57	-794.37	-254.67	-406.91	54.03	322.71	-68.41	93.42	116.11
	31.59	2.25	-126.81	52.15	218.36	15.05	100.67	32.90	23.98	15.49
	114.50	65.32	-667.56	-202.52	-188.55	38.98	222.04	-35.51	69.44	100.62
	3.70	2.11	136.31	-6.45	-6.07	7.46	7.15	6.62	2.07	—
Key metrics
	544.30	466.02	-278.29	205.40	40.24	477.84	829.56	512.91	668.90	712.22
	12.08%	10.40%	-6.80%	4.20%	0.70%	10.10%	18.70%	10.10%	11.90%	13.30%
	2.54%	1.50%	-16.30%	-4.10%	-3.50%	0.80%	5.00%	-0.70%	1.20%	1.90%
	—	1.40%	-4.30%	—	—	—	—	—	—	—
	6.18%	9.70%	-17.30%	-8.10%	14.20%	6.20%	-12.30%	-10.10%	5.40%	—
	—	109.80%	-229.60%	-7.40%	-583.70%	-82.40%	725.30%	-151.10%	-31.00%	—
	—	-255.60	13.65	—	—	—	—	—	—	—
	—	-0.50	-0.09	—	—	—	—	—	—	—
	—	0.13	0.12	—	—	—	—	—	—	—
	—	1,291	1,091	—	—	—	—	—	—	—
	—	9.6	21.8	—	—	—	—	—	—	—
Balance sheet
	—	13,305	13,640	—	—	—	—	—	—	—
	—	1,427	1,538	—	—	—	—	—	—	—
	—	13.47	73.82	—	—	—	—	—	—	—
	—	248.48	659.21	—	—	—	—	—	—	—
	—	734.22	555.61	—	—	—	—	—	—	—
	—	286.92	161.24	—	—	—	—	—	—	—
	—	11,179	11,414	—	—	—	—	—	—	—
	—	865.49	970.78	—	—	—	—	—	—	—
	—	1,575	1,633	—	—	—	—	—	—	—
	—	1,305	1,165	—	—	—	—	—	—	—
	—	328.51	94.52	—	—	—	—	—	—	—
	—	976.28	1,071	—	—	—	—	—	—	—
	—	10,027	9,623	—	—	—	—	—	—	—
Cash flow
	—	-32.94	60.21	—	—	—	—	—	—	—
	—	-68.50	1,730	—	—	—	—	—	—	—
	—	40.30	-1,729	—	—	—	—	—	—	—
	—	222.66	46.56	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: -5.89%
Sales CAGR 5Y: +0.22%
Profit CAGR 3Y: —
Profit CAGR 5Y: -21.71%
Sales YoY (TTM): +6.18%
Profit YoY (TTM): +121.80%

Consolidated

Sales CAGR 3Y: -7.18%
Sales CAGR 5Y: -0.11%
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +5.24%
Profit YoY (TTM): +851.09%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 75.00%

Quarter	September 2026	June 2026
Promoter %	75.00%	75.00%

Holder	Type	Holding	Previous	Change
UltraTech Cement Limited	Promoter	75.00%	75.00%	0.00%
KOTAK LARGE & MIDCAP FUND & KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK MULTICAP FUND	Public	4.25%	—	—
LICI ASM NON PAR	Public	2.64%	—	—
FRANKLIN INDIA SMALL CAP FUND	Public	1.39%	1.39%	0.00%
F.I.I.	Public	0.01%	—	—

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
UltraTech Cement Ltd	3,48,311	11,820.00	39.43	11.90%	+17.79% TTM	+19.27% TTM	+0.04%
Grasim Industries Ltd	2,13,679	3,139.85	18.78	4.00%	+20.48% TTM	+31.03% TTM	+9.00%
Ambuja Cements Ltd.	93,218	375.15	29.87	4.60%	+3.12% TTM	-56.51% TTM	-33.87%
Shree Cements Ltd.	87,640	24,290.05	55.13	10.20%	+14.32% TTM	-7.69% TTM	-12.02%
J.K. CEMENT LTD	39,138	5,066.25	41.28	13.30%	+17.33% TTM	-8.34% TTM	-12.30%
DALMIA BHARAT LIMITED	26,397	1,407.35	51.86	7.00%	+6.14% TTM	-55.31% TTM	-31.37%
ACC Ltd	22,254	1,185.05	25.22	10.40%	+4.64% TTM	-73.56% TTM	-35.30%
The Ramco Cements Limited	18,234	771.65	28.25	10.50%	+8.58% TTM	+103.26% TTM	-24.90%
JSW CEMENT LIMITED	16,606	121.80	22.96	-4.10%	—	—	-9.78%
Nuvoco Vistas Corporation Limited	12,070	337.95	29.11	6.30%	+10.62% TTM	+51.45% TTM	-15.36%
India Cements Ltd.	10,270	331.40	83.84	0.30%	+5.24% TTM	+851.09% TTM	-16.77%
Star Cement Limited	7,156	177.05	19.54	15.50%	+14.53% TTM	+55.17% TTM	-29.36%
Birla Corporation Ltd.	6,237	810.00	12.46	8.70%	+3.33% TTM	+0.58% TTM	-32.36%
JK Lakshmi Cement Limited	5,959	480.00	19.19	11.60%	+5.17% TTM	-35.85% TTM	-43.64%
PRISM JOHNSON LIMITED.	5,028	99.88	33.91	6.30%	+1.01% TTM	+156.48% TTM	-30.28%
HeidelbergCement India Limited S	2,720	120.05	25.17	12.70%	+6.70% TTM	-16.05% TTM	-38.07%
ORIENT CEMENT LIMITED S	2,492	121.30	12.96	13.30%	-17.66% TTM	-37.32% TTM	-42.92%
Mangalam Cement Ltd. S	2,432	884.40	23.83	11.00%	+0.70% TTM	+32.39% TTM	+16.25%
K.C.P. LTD	2,034	157.75	8.39	11.50%	+6.55% TTM	-16.75% TTM	-21.24%
Sagar Cements Ltd	1,750	133.90	-40.06	2.20%	+11.81% TTM	+73.39% TTM	-41.31%
Shree Digvijay Cement Co. Ltd.	835	56.43	-98.30	5.10%	+32.60% TTM	-122.65% TTM	-37.80%
NCL Industries Limited	737	163.00	7.97	12.30%	+2.74% TTM	+182.96% TTM	-19.07%
Visaka Industries Ltd.	713	82.50	8.30	14.60%	+10.76% TTM	+119.30% TTM	+1.26%
Deccan Cements Ltd.	665	474.60	113.85	4.50%	+39.38% TTM	-70.89% TTM	-54.21%
Saurashtra Cement Limited	540	48.55	80.75	1.50%	+7.86% TTM	-52.15% TTM	-51.26%

Filings & corporate actions

Recent announcements

Newspaper Advertisement regarding Notice of Special Window for Transfer and Dematerialisation of Physical Securities31 Oct 2026 · Company Update / Newspaper Publication
Newspaper Publication of Postal Ballot Notice dated 17.10.202628 Oct 2026 · Company Update / Newspaper Publication
Postal Ballot Notice dated 17.10.202627 Oct 2026 · AGM/EGM / Postal Ballot
Transcript of Earnings Call27 Oct 2026 · Company Update / Earnings Call Transcript
Audio Recording - Earnings Call19 Oct 2026 · Company Update / Analyst / Investor Meet
Investor Presentation on performance of the Company for the quarter ended 30th September 202617 Oct 2026 · Company Update / Investor Presentation
Shifting of Registered Office of the Company17 Oct 2026 · Company Update / General
Board Meeting Outcome for Unaudited Standalone and Consolidated Financial Results for the Quarter and Half-Year ended 30th September 202617 Oct 2026 · Board Meeting / Outcome of Board Meeting
Unaudited Standalone and Consolidated Financial Results For the Quarter and Half-Year ended 30th September 202617 Oct 2026 · Result / Financial Results
Acquisition of 3.62% equity share capital of Zenataris Renewable Energy Private Limited15 Oct 2026 · Company Update / Acquisition
Outcome of Postal Ballot - Voting Results12 Oct 2026 · AGM/EGM / Postal Ballot
Outcome of Postal Ballot - Voting Results12 Oct 2026 · AGM/EGM / Postal Ballot
Certificate under Regulation 74(5) of SEBI (DP) Regulations, 20186 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation regarding Earnings Call1 Oct 2026 · Company Update / Analyst / Investor Meet
Newspaper Publication of Postal Ballot Notice dated 09.09.202612 Sep 2026 · Company Update / Newspaper Publication
Postal Ballot Notice dated 09.09.202611 Sep 2026 · AGM/EGM / Postal Ballot
Acquisition of 26% equity share capital of Amplus TN One Energy Private Limited2 Sep 2026 · Company Update / Acquisition
Closure of Trading Window1 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
India Cements Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 17/10/2026 ,inter alia, to consider and approve Standalone and Consolidated unaudited ....1 Sep 2026 · Board Meeting / Board Meeting
Newspaper Advertisement regarding Notice of Special Window for Transfer and Dematerialisation of Physical Securities.25 Aug 2026 · Company Update / Newspaper Publication
Disclosure under Regulation 30- ESG Rating13 Aug 2026 · Company Update / Credit Rating
Change in Email Address of the Company13 Aug 2026 · Company Update / General
Scrutinizer''s Report for the Annual General Meeting held on 10.08.202611 Aug 2026 · AGM/EGM / AGM
Chairman Speech at the 80th Annual General Meeting of the Company10 Aug 2026 · Company Update / General
Proceedings of 80th Annual General Meeting of the Company held on Monday, 10th August, 2026 held through Video Conferencing and Other Audio Visual Means10 Aug 2026 · AGM/EGM / AGM
Change in Directorate6 Aug 2026 · Company Update / Change in Directorate
Transcript of Earnings Call23 Jul 2026 · Company Update / Earnings Call Transcript
Disclosure w.r.t. demand notices received from District Collector, Tirunelveli, Tamil Nadu22 Jul 2026 · Company Update / General
Audio recording - Earnings Call20 Jul 2026 · Company Update / Analyst / Investor Meet
Intimation pursuant to Regulation 36(1)(b) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 201518 Jul 2026 · Company Update / General
Announcement under Regulation 30 (LODR) - Newspaper Publication18 Jul 2026 · Company Update / Newspaper Publication
Investor Presentation on performance of the Company for the quarter ended 30.06.202618 Jul 2026 · Company Update / Investor Presentation
Board Meeting Outcome for Unaudited Financial Results (Standalone and Consolidated) for the Quarter Ended 30.06.202618 Jul 2026 · Board Meeting / Outcome of Board Meeting
Unaudited Financial Results (Standalone and Consolidated) for the quarter ended 30.06.202618 Jul 2026 · Result / Financial Results
Business Responsibility and Sustainability Report (BRSR) for the year ended 31.03.202617 Jul 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Annual Report 202617 Jul 2026 · Others / Reg. 34 (1) Annual Report
Announcement under Regulation 30 (LODR) - Newspaper Publication14 Jul 2026 · Company Update / Newspaper Publication
Annual General Meeting (AGM) of the Company to be held on 10th August 20269 Jul 2026 · AGM/EGM / AGM
Certificate under Regulation 74(5) of SEBI(DP) Regulations, 20187 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation regarding Earnings Call3 Jul 2026 · Company Update / Analyst / Investor Meet

Board meetings

17 Oct 2026 Board Meeting - Financial Results
18 Jul 2026 Board Meeting - Financial Results