India Cements
378.45
-10.55(-2.71%)
Market Cap₹11,728.10 Cr
PE Ratio923.78
IndustryConstruction
Company Performance:
1D-2.71%
1M-3.71%
6M+20.14%
1Y+5.05%
5Y+216.17%
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More news about India Cements
24Jul 25
UltraTech Cement Reports Strong Q1 Performance, Eyes Double-Digit Growth
UltraTech Cement, India's largest cement manufacturer, reported a 9.7% year-over-year consolidated volume growth in Q1, including Kesoram Industries' cement business. The company saw a 2.2% sequential price realization improvement for its UltraTech brand. India Cements, acquired by UltraTech in December, recorded an operating EBITDA of ₹400.00 per ton. The company is progressing with integrating recent acquisitions and expanding capacity, aiming to reach 212 million tons in the near future. UltraTech is targeting double-digit volume growth, supported by government infrastructure projects and rising state government spending.
21Jul 25
India Cements Reports Q1 Net Loss, Shows Operational Improvements
India Cements reported flat revenue of ₹1,024.70 crore and a net loss of ₹132.90 crore in Q1. Domestic sales volumes grew 11.6% to 2.18 million tonnes, with cement realizations up 5.7%. The company achieved positive EBITDA of ₹83 crore after four loss-making quarters. EBITDA per tonne improved to ₹424 from ₹88. Total debt rose to ₹1,241 crore, but average interest rates declined by 110 basis points. The company plans to increase Green Power usage to 86% by FY2027. Share price closed 0.9% lower at ₹347.50, below UltraTech's open offer price of ₹390.
20Jul 25
India Cements Reports 11.6% Surge in Domestic Sales Volume
India Cements achieved domestic sales volume of 2.18 million tonnes, marking an 11.60% year-over-year growth. This significant increase in sales volume suggests strong demand in the company's key markets and could indicate increased construction activity or infrastructure development in its operational regions. The cement industry's performance is often considered a barometer for economic activity in construction and infrastructure sectors.
19Jul 25
India Cements Reports Q1 Loss Before Tax of 162M Rupees with 2.4B Rupees Exceptional Item
India Cements, a UltraTech Cement subsidiary, announced Q1 financial results showing improved operational efficiency but a continued net loss. Net sales were ₹1,024.74 crore, slightly down from last year. EBITDA turned positive at ₹92.31 crore, up from a loss in the previous year. The company reported an 11% YoY growth in sales volume and 61% capacity utilization. Debt refinancing reduced finance costs significantly. India Cements plans a two-year capex program to improve efficiency, increase renewable power share, and enhance safety standards. The company expects future profitability improvements from this program and market growth.
04Jul 25
CCI Slaps 10% Revenue Penalty on India Cements in ONGC Tender Case
The Competition Commission of India (CCI) has concluded its investigation into India Cements Limited's involvement in ONGC's tendering process. As a result, CCI has imposed a penalty of 10% of India Cements' annual revenue. The specific details of the case and the exact amount of the penalty remain undisclosed. This decision could have significant financial implications for India Cements. The case highlights CCI's active role in monitoring competitive practices in India's economy, particularly in the cement industry.
03Jul 25
India Cements to Divest Stake in Indonesian Partner
India Cements has announced plans to divest its stake in PT Mitra Setia Tanah Bumbu, its Indonesian partner. The size of the stake, reasons for the sale, and financial implications are yet to be disclosed. This move is likely part of the company's strategy to streamline operations and potentially refocus on core markets. Further details about the transaction value, timeline, and strategic rationale are expected to be released in the future.
21Jun 25
India Cements to Sell Entire Stake in Industrial Chemicals and Monomers Ltd for ₹98 Crore
India Cements Limited has announced plans to sell its entire equity investment in Industrial Chemicals and Monomers Ltd (ICML) to Mirai Sensing Private Ltd for ₹98.00 crore. This divestment will result in ICML no longer being a subsidiary of India Cements. The transaction is expected to have a significant impact on India Cements' financial position, though the full extent and utilization of proceeds are yet to be disclosed.
22May 25
India Cements Boosts Production Capacity to 14.75 MTPA with Banswara Plant Upgrade
India Cements Ltd has completed a de-bottlenecking project at its Banswara Cement Works, increasing its total cement production capacity to 14.75 Million Tonnes Per Annum (MTPA). This expansion enhances the company's operational efficiency and strengthens its position in the competitive cement market. The move aligns with growing demand in India's construction and infrastructure sectors, potentially impacting the company's revenue and market share in the coming quarters.
28Apr 25
India Cements Reports Widening Q4 Net Loss Amid Revenue Decline
India Cements' net loss increased to 756.00 million rupees in Q4 FY2024, up from 293.30 million rupees in Q4 FY2023. Revenue declined by 3.86% to 11.97 billion rupees. EBITDA dropped 75.63% to 21.30 crore rupees, and the company swung to an operating loss of 2.20 crore rupees. The cement manufacturer faces challenges including revenue decline, profitability squeeze, and operational inefficiencies amidst difficult market conditions in the Indian cement industry.
26Apr 25
India Cements: Returns to Profit in Q4, Plans Subsidiary Merger
India Cements Limited reported a net profit of ₹14.68 crore in Q4 FY25, reversing previous year's loss. Revenue from operations slightly declined to ₹1,197.30 crore. The company narrowed its full-year loss and announced plans to merge four subsidiaries with the parent company. UltraTech Cement acquired a controlling stake in India Cements in December 2024.
18Mar 25
India Cements Divests Non-Core Assets: Coromandel Electric Company Ltd Sold for ₹36.27 Crore
India Cements Limited (ICL) has announced strategic divestments of non-core assets, including the sale of Coromandel Electric Company Limited for ₹36.27 crore. The company is also selling Coromandel Travels Limited, Raasi Cement Limited, and Unique Receivables Management Private Limited. These transactions are expected to be completed within six months. The divestments aim to streamline operations, focus on core cement business, and potentially improve ICL's financial position.
India Cements
378.45
-10.55
(-2.71%)
1 Year Returns:+5.05%
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India Cements
378.45
(-2.71%)