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:

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:

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.

India Cements Capital Limited , a prominent player in the financial services sector, has announced significant changes to its key management personnel, effective August 27, 2025. The company's Board of Directors approved these changes during a meeting held on August 26, 2025, following recommendations from the Nomination and Remuneration Committee.

CFO Transition

Mr. K. Suresh, who has been serving as the Chief Financial Officer (CFO), has stepped down from his position. In his resignation letter, Mr. Suresh cited "internal restructuring and realignment of roles" as the reason for his departure from the CFO position. His resignation took effect at the close of business hours on August 26, 2025.

Stepping into the role of CFO is Mr. S. Pranatharthiharan, whose appointment becomes effective on August 27, 2025. Mr. Pranatharthiharan brings a wealth of experience to his new position. He is an Intermediate qualified Chartered Accountant with extensive experience in finance and accounts. Notably, he has been associated with India Cements Capital Limited since 1997, most recently serving as Senior Manager Accounts.

New Company Secretary and Compliance Officer

In an interesting turn of events, Mr. K. Suresh, the outgoing CFO, has been appointed as the new Company Secretary and Compliance Officer, also effective from August 27, 2025. Mr. Suresh is well-qualified for this role, being both a Chartered Accountant and a Company Secretary. He possesses wide managerial experience, including expertise in secretarial matters, and has been associated with the company since 2007.

Management's Statement

The company's management expressed confidence in these changes, viewing them as part of their ongoing efforts to strengthen the organization's leadership team. In the official communication to the BSE Limited, the company stated that these appointments were made to ensure a smooth transition and to leverage the expertise of long-standing employees who have deep knowledge of the company's operations.

These strategic changes in key managerial positions are expected to bring fresh perspectives while maintaining continuity in the company's operations. Shareholders and market watchers will be keen to see how these new appointments influence India Cements Capital Limited's future strategies and performance in the dynamic financial services sector.

The Board meeting where these decisions were made commenced at 2:30 PM and concluded at 3:45 PM on August 26, 2025. The company has duly informed the BSE Limited of these changes, in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.