India Cements Ltd

India Cements announced that the Annual General Meeting(AGM) of the company will be held on 10 August 2026.

The agency has also affirmed the company's short-term rating at 'CARE A1+'. CARE Ratings stated that the ratings continue to reflect the company's strong parentage of UltraTech Cement and ICL's strategic importance to UltraTech. Being part of the group, ICL is expected to benefit from the operational synergies flowing through from its parent to ICL in the medium term. The company has installed cement capacities of 14.75 metric tonne per annum (MTPA) with 13.25 MTPA in South India, having an established market position in South India. This is critical to UltraTech, which has significantly increased its presence in South India by acquiring ICL. The company completed 100% migration of legacy India Cements brands to the UltraTech branding platform. Going forward, sales are now routed entirely through UltraTech, which leverages its own dealer network and distribution channels, with ICL supplying cement directly to UltraTech as its sole customer. ICL has integrated operations with presence of captive power plants and limestone reserves. The company's capital structure has significantly improved in FY26 through debt reduction from cash flow generated from recoupment of loans and advances from group entities of erstwhile promoters sale of the Parlie grinding unit, reduction in capital advances, and sale of land and buildings and other non-core assets. However, CareEdge Ratings notes that ICL has been operating at moderate scale of operations with subdued profitability, partly because of the market-related dynamics and partly legacy issues in addressing operational inefficiencies under erstwhile promoters. UltraTech announced a capital expenditure plan of Rs 2,000 ' Rs 2050 crore to address operational efficiencies at ICL plants, which is expected to improve operating profitability in the medium term. Completion of the transition to the UltraTech brand is likely to result in better realisations from FY27 onwards, aided by stronger market positioning, supporting further margin expansion at these plants. ICL remains exposed to the cyclicality inherent in the cement industry and volatility in input costs and realisations with its presence in Southern India cement market which is characterised with overcapacity. The ongoing geopolitical tensions may lead to volatility in pet coke prices. The impact is partly mitigated by availability of raw material inventory sufficient for a quarter of operations. Prolonged input cost pressure could lead to higher operating costs and remains a key monitorable. The India Cements is a leading cement manufacturer in South India. As on March 31, 2026, the company boasts an installed production capacity of 14.75 MTPA. ICL became a subsidiary of UltraTech on 24 December 2024, following UltraTech's acquisition of a 55.49% majority stake, which increased to 81.49% post open offer. Currently, UltraTech holds 75% control in the company. The scrip had risen 0.35% to end at Rs 384 on the BSE on Thursday. The Indian stock market is shut today, 26 June 2026, for Muharram.Powered by Capital Market - Live

India Cements has entered into energy supply agreement and share subscription and shareholders agreement to acquire 12.48% equity shares of FPEL SERVICES, a company engaged in generation and transmission of renewable energy. The acquisition is for the purposes of meeting the Company's green energy needs, optimising energy cost and comply with regulatory requirements for captive power consumption under electricity laws.

One 97 Communications Ltd, Mahindra & Mahindra Financial Services Ltd, Usha Martin Ltd, Shyam Metalics & Energy Ltd are among the other stocks to see a surge in volumes on NSE today, 27 April 2026.India Cements Ltd recorded volume of 225.65 lakh shares by 14:14 IST on NSE, a 113.66 times surge over two-week average daily volume of 1.99 lakh shares. The stock gained 9.20% to Rs.445.20. Volumes stood at 2.3 lakh shares in the last session.One 97 Communications Ltd notched up volume of 186.88 lakh shares by 14:14 IST on NSE, a 12.5 fold spurt over two-week average daily volume of 14.94 lakh shares. The stock slipped 2.91% to Rs.1,114.00. Volumes stood at 12.42 lakh shares in the last session.Mahindra & Mahindra Financial Services Ltd notched up volume of 281.07 lakh shares by 14:14 IST on NSE, a 11.94 fold spurt over two-week average daily volume of 23.54 lakh shares. The stock rose 8.05% to Rs.318.10. Volumes stood at 16.63 lakh shares in the last session.Usha Martin Ltd notched up volume of 35.62 lakh shares by 14:14 IST on NSE, a 10.24 fold spurt over two-week average daily volume of 3.48 lakh shares. The stock rose 4.08% to Rs.462.10. Volumes stood at 11.78 lakh shares in the last session.Shyam Metalics & Energy Ltd recorded volume of 24.55 lakh shares by 14:14 IST on NSE, a 6.03 times surge over two-week average daily volume of 4.07 lakh shares. The stock gained 7.74% to Rs.884.20. Volumes stood at 5.21 lakh shares in the last session.

The profit before exceptional items and tax stood at Rs 79.71 crore in Q4 FY26, compared with a loss of Rs 90.11 crore in the corresponding quarter last year. The company reported exceptional items of Rs 10.94 crore during the quarter. EBITDA surged 678.26% to Rs 179 crore in Q4 FY26, compared with Rs 23 crore in Q4 FY25. Domestic sales volumes stood at 3.12 million tonnes in Q4 FY26, up 18% YoY. Domestic cement realization (net of logistics cost) jumped 6.2% YoY to Rs 3,791 per metric tonnes. The company said it has planned capital expenditure of Rs 2,000 crore over the next two years to drive growth and improve efficiencies. On annual basis, the company's consolidated net loss narrowed to 67 crore in FY26 from net loss of Rs 144 crore in FY25. Revenue from operations rose 8.3% YoY to Rs 4,484.69 crore in FY26. India Cements business is the manufacturing and sale of cement and cement-related products.

Bajaj Finserv Ltd, Tanla Platforms Ltd, One 97 Communications Ltd, Mahindra & Mahindra Financial Services Ltd are among the other stocks to see a surge in volumes on BSE today, 27 April 2026.India Cements Ltd notched up volume of 3.52 lakh shares by 10:47 IST on BSE, a 35.17 fold spurt over two-week average daily volume of 10006 shares. The stock rose 14.77% to Rs.467.90. Volumes stood at 11417 shares in the last session.Bajaj Finserv Ltd saw volume of 20.98 lakh shares by 10:47 IST on BSE, a 27.05 fold spurt over two-week average daily volume of 77539 shares. The stock increased 0.20% to Rs.1,773.90. Volumes stood at 9470 shares in the last session.Tanla Platforms Ltd saw volume of 4.09 lakh shares by 10:47 IST on BSE, a 13.71 fold spurt over two-week average daily volume of 29828 shares. The stock increased 10.87% to Rs.539.25. Volumes stood at 44697 shares in the last session.One 97 Communications Ltd recorded volume of 8.9 lakh shares by 10:47 IST on BSE, a 12.15 times surge over two-week average daily volume of 73202 shares. The stock lost 3.84% to Rs.1,103.00. Volumes stood at 73001 shares in the last session.Mahindra & Mahindra Financial Services Ltd notched up volume of 13.64 lakh shares by 10:47 IST on BSE, a 9.1 fold spurt over two-week average daily volume of 1.50 lakh shares. The stock rose 7.66% to Rs.316.85. Volumes stood at 99569 shares in the last session.

Net profit of India Cements rose 305.59% to Rs 59.50 crore in the quarter ended March 2026 as against Rs 14.67 crore during the previous quarter ended March 2025. Sales rose 2.60% to Rs 1228.65 crore in the quarter ended March 2026 as against Rs 1197.57 crore during the previous quarter ended March 2025. For the full year,net loss reported to Rs 67.25 crore in the year ended March 2026 as against net loss of Rs 143.69 crore during the previous year ended March 2025. Sales rose 8.31% to Rs 4484.69 crore in the year ended March 2026 as against Rs 4140.53 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales1228.651197.57 3 4484.694140.53 8 OPM %12.46-0.17 -8.84-9.03 - PBDT155.57-14.75 LP 384.84-439.70 LP PBT79.71-89.60 LP 85.72-679.14 LP NP59.5014.67 306 -67.25-143.69 53 Powered by Capital Market - Live

India Cements will hold a meeting of the Board of Directors of the Company on 25 April 2026.Powered by Capital Market - Live

However, revenue from operations jumped by 18.55% year-on-year (YoY) to Rs 1,114.264 crore in Q3 FY26. Profit before tax stood at Rs 3.93 crore in Q3 FY26, compared to a pre-tax loss of Rs 306.45 crore recorded in the same period a year ago. The firm reported exceptional items of Rs 8.47 crore during the quarter The company achieved domestic sales volumes of 2.59 million tonnes, reflecting an 25% YoY growth. Cement realizations, net of logistics costs, also improved by 0.17% compared to the December 2025 quarter. Total expenses fell 9.89% to Rs 1,134.03 crore in Q3 FY26 as against Rs 1,258.56 crore posted in the corresponding quarter of the previous year. Cost of materials consumed stood at Rs 247.83 crore (up 23.34% YoY), and employee benefits expense stood at Rs 69.89 crore (up 0.37% YoY) during the quarter under review. India Cements business is the manufacturing and sale of cement and cement-related products. Powered by Capital Market - Live

Net loss of India Cements reported to Rs 2.67 crore in the quarter ended December 2025 as against net profit of Rs 122.30 crore during the previous quarter ended December 2024. Sales rose 18.56% to Rs 1114.26 crore in the quarter ended December 2025 as against Rs 939.84 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales1114.26939.84 19 OPM %7.10-20.23 - PBDT78.66-251.20 LP PBT3.93-306.45 LP NP-2.67122.30 PL Powered by Capital Market - Live