India Cements Ltd

Net profit of India Cements reported to Rs 14.68 crore in the quarter ended March 2025 as against net loss of Rs 60.55 crore during the previous quarter ended March 2024. Sales declined 3.11% to Rs 1197.30 crore in the quarter ended March 2025 as against Rs 1235.74 crore during the previous quarter ended March 2024. For the full year,net loss reported to Rs 143.68 crore in the year ended March 2025 as against net loss of Rs 227.36 crore during the previous year ended March 2024. Sales declined 16.99% to Rs 4148.78 crore in the year ended March 2025 as against Rs 4997.85 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales1197.301235.74 -3 4148.784997.85 -17 OPM %-0.252.97 --9.211.84 - PBDT-14.75-7.11 -107 -439.72-89.73 -390 PBT-89.60-63.73 -41 -679.16-309.52 -119 NP14.68-60.55 LP -143.68-227.36 37 Powered by Capital Market - Live

The Board of India Cements at its meeting held on 18 March 2025 has approved the following: 1. Sale of its entire equity investment in Coromandel Travels (CTL), a subsidiary of the Company. Upon completion of the said sale, CTL would cease to be a subsidiary.2. Sale of its entire equity investment in Raasi Cement (RCL), an associate of the Company. The Board also noted that ICL Financial Services (ICLFSL) and ICL Securities (ICLSL), wholly-owned subsidiaries of the Company, have approved: - 1. Sale of their entire equity investment in Raasi Cement, an associate of the Company. Upon completion of the said sale, Raasi Cement will cease to be an associate of the Company. 2. Sale of their entire equity investment in Coromandel Electric Company (CECL), a subsidiary of the Company. Upon completion of the said sale, CECL would cease to be a subsidiary of the Company. Further, Coromandel Sugars, an associate company in which CECL holds 49.99% of equity shares, would also cease to be an associate of the Company. 3. Sale of their entire equity investment in Unique Receivables Management (Unique Receivables), an associate of the Company. Upon completion of the said sale, Unique Receivables would cease to be an associate of the Company. Powered by Capital Market - Live

Schaeffler India Ltd, Astrazeneca Pharma India Ltd, Jyoti CNC Automation Ltd, Concord Biotech Ltd are among the other stocks to see a surge in volumes on NSE today, 04 March 2025.India Cements Ltd recorded volume of 67.31 lakh shares by 14:14 IST on NSE, a 11.95 times surge over two-week average daily volume of 5.63 lakh shares. The stock gained 11.67% to Rs.286.50. Volumes stood at 7.07 lakh shares in the last session.Schaeffler India Ltd recorded volume of 4.48 lakh shares by 14:14 IST on NSE, a 8.61 times surge over two-week average daily volume of 52060 shares. The stock gained 4.62% to Rs.3,229.90. Volumes stood at 51882 shares in the last session.Astrazeneca Pharma India Ltd registered volume of 69196 shares by 14:14 IST on NSE, a 7.21 fold spurt over two-week average daily volume of 9598 shares. The stock rose 6.77% to Rs.7,322.60. Volumes stood at 13811 shares in the last session.Jyoti CNC Automation Ltd saw volume of 58.85 lakh shares by 14:14 IST on NSE, a 6.73 fold spurt over two-week average daily volume of 8.74 lakh shares. The stock increased 12.75% to Rs.869.00. Volumes stood at 6.96 lakh shares in the last session.Concord Biotech Ltd recorded volume of 7.02 lakh shares by 14:14 IST on NSE, a 5.94 times surge over two-week average daily volume of 1.18 lakh shares. The stock gained 13.87% to Rs.1,732.45. Volumes stood at 81181 shares in the last session.Powered by Capital Market - Live

India Cements will hold a meeting of the Board of Directors of the Company on 26 April 2025.Powered by Capital Market - Live

Revenue from operations stood at Rs 903.16 crore in the third quarter of FY25, down 16.51% as against Rs 1,081.88 crore posted in Q3 FY24. The company reported a pre-tax loss of Rs 306.80 crore in Q3 FY25 as compared to a pre-tax loss of Rs 50.24 crore recorded in the same period a year ago. The firm reported exceptional items of Rs 190.26 crore during the quarter. The company's total expenses gained 6.23% YoY to Rs 1,220.58 crore in Q3 FY25. Employee benefits expense stood at Rs 87.22 crore (up 1.18% YoY), while finance costs stood at Rs 73.77 crore (up 23.89% YoY) during the period under review. On a consolidated basis, the company's net profit stood at Rs 196.22 crore in Q3 FY25, steeply higher than Rs 0.67 crore posted in Q3 FY24. Revenue from operations was at Rs 1,113.06 crore in Q3 FY25, marking a growth of 18.30% year on year. During the quarter, the company achieved a cement capacity utilisation of 57%. Domestic sales volume grew 5% YoY. In its outlook, India Cements said, 'The company and its shareholders will benefit from synergy with its holding company with the introduction of new systems and processes, economies of scale, cost optimization, and a wider distribution network. The credit rating of the company is already enhanced to AAA and will help to bring overall cost rationalization. India Cements is poised to grow stronger with an increase in its sales, optimization of costs, and efficient operations. With the increasing government spending on infrastructure and the improvement in demand in housing markets, the company is well-positioned to strengthen its presence in its core markets and contribute to the overall growth aspirations of the country.' India Cements business is the manufacturing and sale of cement and cement-related products. Powered by Capital Market - Live

Net profit of India Cements rose 18153.73% to Rs 122.30 crore in the quarter ended December 2024 as against Rs 0.67 crore during the previous quarter ended December 2023. Sales declined 15.48% to Rs 940.81 crore in the quarter ended December 2024 as against Rs 1113.06 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales940.811113.06 -15 OPM %-20.204.17 - PBDT-217.1014.25 PL PBT-272.35-42.37 -543 NP122.300.67 18154 Powered by Capital Market - Live

India Cements will hold a meeting of the Board of Directors of the Company on 21 January 2025.Powered by Capital Market - Live

The headline equity benchmarks traded with tiny losses in early trade. The Nifty traded below the 23,650 mark. Realty, bank and metal shares declined while media, IT and FMCG shares advanced. At 09:30 IST, the barometer index, the S&P BSE Sensex shed 28.11 points or 0.03% to 78,110.90. The Nifty 50 index lost 9.10 points or 0.04% to 23,635.70. In the broader market, the S&P BSE Mid-Cap index rose 0.11% and the S&P BSE Small-Cap index gained 0.30%. The market breadth was strong. On the BSE, 1,917 shares rose and 829 shares fell. A total of 105 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 4,645.22 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 4,546.73 crore in the Indian equity market on 31 December 2024, provisional data showed. Economy: India's fiscal deficit reached Rs 8.5 lakh crore in the first eight months of the fiscal year (April-November), representing 52.5% of the budgeted target, according to government data released on December 31st. This exceeds the deficit recorded during the same period in the previous fiscal year, which stood at 50.7%. Capital expenditure, though improving, lagged behind last year's pace. At Rs 5.13 lakh crore, it amounted to 46.2% of the budgeted target of Rs 11.1 lakh crore, compared with 58.5% achieved in the corresponding period of the previous fiscal year. Overall government spending reached 60.1% of the budgeted target, slightly higher than the 59% recorded in the previous year. Revenue receipts fell short of last year's levels. Net tax revenue collection stood at 55.9%, lower than the corresponding figure in the previous year. Stocks in Spotlight: India Cements rose 0.89%. The company's board has approved the appointment of Suresh Vasant Patil, as chief executive officer (CEO) and Krishnagopal Ladsaria, as chief financial officer (CFO) with effect from 1 January 2025. Suzlon Energy advanced 2.02% after the company's wholly owned subsidiary, SE Forge's CEO, S.Venkata Subramaniam has resigned with effect from close of business hours on 31st December 2024. Jupiter Wagons added 1.15% after the company increased stake in its arm Jupiter Electric Mobility to 75% from 60%. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.29% to 6.890 as compared with the previous close of 6.870. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 85.700, compared with its close of 85.6450 during the previous trading session. MCX Gold futures for the 5 February 2024 settlement shed 0.03% to Rs 76,725. Global Markets: Asian markets were shut for a New Year holiday, while the US stock market ended lower overnight in a low-volume session. At the close in NYSE, the Dow Jones Industrial Average fell 0.07%, while the S&P 500 index lost 0.43%, and the NASDAQ Composite index declined 0.9%. Tesla stock gave up gains to close 3.2% lower. Chinese state news agency Xinhua reported that the company's energy storage gigafactory in Shanghai has entered trial production, just seven months after construction began, with full-scale production expected to commence early next year. The US market is closed on Wednesday for New Year's Day. Powered by Capital Market - Live

Stocks to Watch: India Cements' board approved the appointment of Suresh Vasant Patil, as chief executive officer (CEO) and Krishnagopal Ladsaria, as chief financial officer (CFO) with effect from 1 January 2025. Suzlon Energy's wholly owned subsidiary, SE Forge's CEO, S.Venkata Subramaniam has resigned with effect from close of business hours on 31st December 2024. Jupiter Wagons increased stake in its arm Jupiter Electric Mobility to 75% from 60%. Dhani Services' board approved to raise funds up to Rs 406 crore through issue of convertible warrants. Indo-Tech Transformers has received letter of intent for supply of 13 Nos of 150 MVA transformers. The aggregate value of the order under the said LOI/ PO is Rs 117.17 crore. Sun Pharmaceutical Industries has entered into an agreement with Japan-based Zaza Industrial Holdings. The company has agreed to sell 100% shares held in its step down subsidiary, Sun Pharma Japan Technical Operations to Zaza Industrial Holdings. SJVN has signed memorandum of understanding (MoU) with the government of Bihar for the development of 1,000 MW Hathidah Durgawati Pumped Storage Project and other PSPs in the state of Bihar.Powered by Capital Market - Live

India Cements announced that R.Srinivasan, Executive President (Finance & Accounts) and Chief Financial Officer (KMP), a Senior Management Personnel, would retire from the services of the Company with effect from 01 January 2025. Powered by Capital Market - Live