India Cements Capital Reports Rs 80 Lakh Cybercrime Loss in Q2 FY26

India Cements Capital Limited (ICCL) has disclosed a significant cybercrime incident in its quarterly results for the period ended September 30, 2025. The company reported a fraudulent transfer of Rs 80 lakh from its bank account to unauthorized recipients during the reporting period.

Cybercrime Incident and Recovery Efforts

The company has taken immediate action following the incident:

A formal complaint has been lodged with the Chennai Cyber Crime Cell.
Legal proceedings are underway to recover the remaining amount.
Rs 20.65 lakh has already been recovered.
No provision has been made in the financial statements for this loss, as the company is actively pursuing recovery of the full amount.

Financial Performance

Despite the cybercrime incident, ICCL reported the following standalone financial results for Q2 FY26:

Particulars (in Rs Lakhs)	Q2 FY26	Q1 FY26	Q2 FY25
Revenue from Operations	99.01	127.48	114.98
Other Income	10.53	8.83	8.68
Total Income	109.54	136.31	123.66
Total Expenses	107.31	106.91	106.85
Profit Before Tax	2.23	29.40	16.81
Net Profit	1.72	22.02	12.81

Business Operations

India Cements Capital's primary business activities include:

Foreign currency trading
Income from air ticketing and forex advisory services

The company's wholly-owned subsidiary is engaged in share brokerage and mutual fund dealings.

Corporate Governance

The Board of Directors approved the unaudited financial results at their meeting held on November 7, 2025. The Audit Committee reviewed the results before the Board's approval.

Auditor's Review

The statutory auditors have conducted a limited review of the quarterly results. In their report, they emphasized the cybercrime incident but did not modify their conclusion based on this matter.

India Cements Capital Limited continues to operate in the financial services sector, focusing on foreign exchange and related services. The company's prompt action in addressing the cybercrime incident and its ongoing efforts to recover the lost funds demonstrate its commitment to protecting shareholder interests and maintaining financial integrity.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.10%	-4.97%	+1.56%	+14.04%	-11.49%	+401.54%

India Cements Capital , a major player in the Indian cement industry, has reported a significant turnaround in its financial performance for the September quarter. The company has also announced an ambitious investment plan to modernize and expand its operations.

Q2 Financial Highlights

India Cements Capital reported a consolidated net profit of Rs 8.81 crore in the September quarter, marking a remarkable recovery from a net loss of Rs 339.13 crore in the same period last year. This turnaround demonstrates the company's resilience and improved operational efficiency.

Key financial metrics for the quarter include:

Metric	Q2 FY2026	Q2 FY2025	Change
Revenue from Operations	Rs 1,117.04 crore	Rs 1,021.89 crore	+9.31%
Net Profit	Rs 8.81 crore	Rs -339.13 crore	Turned Profitable
Total Expenses	Rs 1,135.64 crore	Rs 1,312.88 crore	-13.50%

The company's domestic sales volume reached 2.44 million tonnes, showing a quarter-on-quarter growth of 11.90%. The average capacity utilization stood at 65%, indicating room for further growth.

Investment and Expansion Plans

In a strategic move to enhance its market position, India Cements Capital's board has approved a substantial investment plan:

Investment Component	Amount (in Rs crore)
Modernization	1,574.00
Capacity Enhancement	440.00
Total Investment	2,014.00

The capacity expansion initiative is set to add 2.80 million tonnes to the existing 14.75 million tonnes capacity, potentially boosting the company's production capabilities by approximately 19%.

Market Response

Despite the positive news, the market response was slightly muted. India Cements Capital's shares closed at Rs 391.75 on the BSE, down 0.58%. This could indicate that investors are taking a cautious approach, possibly waiting to see the long-term impact of the announced investments.

Future Outlook

The approved investment plan signals India Cements Capital's commitment to long-term growth and competitiveness in the cement industry. The modernization efforts are likely aimed at improving operational efficiency and reducing costs, while the capacity enhancement could help the company meet growing demand in the construction sector.

As India continues its infrastructure development push, cement manufacturers like India Cements Capital are positioning themselves to capitalize on the anticipated increase in demand. The company's return to profitability, coupled with its expansion plans, suggests a positive outlook for its future performance.

However, investors and industry observers will be keenly watching how effectively India Cements Capital implements these plans and navigates challenges such as fluctuating input costs and competitive pressures in the coming quarters.