India Cements Ltd News

India Cements Q2 result: Loss widens to Rs 339 cr, revenue falls 18%

The India Cements Ltd (ICL) on Friday reported widening of consolidated net loss to Rs 339.13 crore for the second quarter ended September 2024. It had incurred a loss of Rs 80.07 crore in the July-September period a year ago, according to a BSE filing from ICL, in which rival Aditya Birla group firm UltraTech Cement has announced to acquire a majority stake. Revenue from operations of ICL was down 18.4 per cent to Rs 1,031.80 crore as against Rs 1,264.39 crore in the corresponding quarter last fiscal. Total expenses were at Rs 1,322.98 crore, down 3.8 per cent. Total income, which includes other income, in the September quarter was down 6.41 per cent to Rs 1,190.75 crore. Shares of ICL were trading at Rs 355.65 per scrip on BSE, down 1.28 per cent.

F&O Insights: FIIs add long bets in Sept; metals among top early rollovers

Derivative market update for Tuesday, August 27: The Nifty September futures traded at 150-odd points premium, while Bank Nifty at 330 points. Last 3 days for India Cements in F&O segment.

India Cements posts consolidated net profit of Rs 58.5 crore in Q1

Capacity utilisation for the company was adversely affected due to the free fall in cement prices, resulting in a suboptimal operating performance for the quarter

M&A wave set to wash over South cement market, say industry experts

UltraTech's buy is latest in four deals southern market has seen in less than a year, with Adani Cement being the other buyer. These deals combined, industry experts say, could spur consolidation

High cost, price war led to sale of India Cements: Srinivasan to staff

"I am going to leave India Cements," he declared. "The reason is that our competitors can crush us with lower prices. With slightly higher cost of productions, we had taken all steps to reduce costs."

UltraTech-India Cement deal: No impact on Chennai Super Kings ownership

India Cements, the original owner of the Chennai Super Kings, will transfer control to the Aditya Birla Group following the sale of a 33.72% stake

This cement stock has almost doubled from June low; trades at new high

India Cements stock hit a new high of Rs 343.85, surging 6% in an otherwise volatile market. The stock has zoomed 50% since June 25.

India Cements denies rumours of Rs 500 cr funding talks with BofA, Nomura

News report of funding talks emerged after UltraTech Cement announced its plans to acquire over 70 million shares in India Cements

India Cements soars 10% as UltraTech to buy 23% stake; up 26% in 2 days

UltraTech Cement's board has approved making a financial investment to purchase up to 70.6 million equity shares of The India Cements

Cement shares in demand; India Cements, Orient, JK Lakshmi rally up to 14%

After Lok Sabha Elections and Assembly elections in some States, the centre and States are expected to retain their focus on development agenda, India Cements had said on sector outlook.

F&O Insights: Grasim among 12 stocks with over 20% OI change in last 4 days

In the derivatives segment, stocks such as India Cement, GMR Infra, Chambal Fertilizers seem to have witnessed long unwinding in recent trading sessions owing to the sharp rally in share prices.