India Cements reported a net profit of ₹59.5 crore, up over three times from ₹14.67 crore in the year-ago period
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The India Cements Ltd (ICL) on Saturday reported over fourfold jump in consolidated net profit at Rs 59.5 crore for March quarter FY26, helped by an increase in volume and sales realisation. ICL had logged a profit of Rs 14.67 crore in January-March FY25, helped by asset sales, according to a BSE filing. ICL is a subsidiary of UltraTech Cement, an Aditya Birla group firm. Revenue from operations was up 2.6 per cent to Rs 1,228.65 crore in March quarter FY26. Total expenses were at Rs 1,174.79 crore, down 10.5 per cent year-on-year. In Q4, domestic sales volume was 3.12 million tonne, recording a growth of 18 per cent year-over-year, as per an earnings presentation by the company. Net realisation had a 3.5 per cent increase quarter-on-quarter and 6.2 per cent rise year-on-year. Total income in the March quarter was at Rs 1,254.50 crore, up 2.57 per cent. In entire FY26, ICL narrowed its loss at Rs 67.25 crore from Rs 143.69 crore a year ago. Total consolidated income was at Rs 4,5
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On-going escalation of the Iran-Israel-US conflict tends to spike global crude oil prices, which in turn drive up petcoke and diesel prices, affecting cement manufacturers margins, say analysts.
Including the tax cuts, average pan-India cement prices dropped 6 per cent on-year in the reported quarter, data from brokerage Ambit Capital showed
Avanti Feeds is showing a strong bullish setup on the daily chart, with price sustaining above its 20, 50, 100 and 200-day EMAs, confirming a medium- to long-term trend reversal in favour of bulls.
ICICI Securities has reinitiated coverage on India Cements, a major Indian cement manufacturer, with a 'Hold' rating, citing improving operational fundamentals under UltraTech Cement