The price-to-moving averages hints at a favourable trend for India Cements; similarly, select technical factors augur well for cement stocks such as Ambuja Cements, Ramco Cements and NCL Industries.
India Cements Ltd (ICL), now part of the Aditya Birla Group firm, on Friday reported a consolidated net profit of Rs 8.81 crore in the September quarter of FY26. The board of ICL has approved an investment of Rs 2,014 crore, which includes a capex of Rs 1,574 crore for modernisation and Rs 440 crore for capacity enhancement. The company had reported a net loss of Rs 339.13 crore in the July-September period a year ago, according to a BSE filing from ICL, now a subsidiary of UltraTech Cement. Its revenue from operations was up 9.31 per cent to Rs 1,117.04 crore in the September quarter of FY26. This was at Rs 1,021.84 crore in the corresponding quarter last fiscal. Total expenses of ICL were at Rs 1,135.64 crore, down 13.5 per cent year-on-year. In Q2, ICL domestic sales volume of 2.44 million tonnes was up 11.9 per cent on q-o-q basis. Its average capacity utilisation was at 65 per cent for the quarter, the company said in its post result presentations. However, total income of I
India Cement stock rallies after UltraTech unveils plan to 6.49 per cent stake in the company through an OFS, to comply with SEBI rule on at least 25 per cent public shareholding
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The company, which took control of India Cements in July last year, said the sale was to comply with "applicable laws"
UltraTech Cement's consolidated net sales rose 13 per cent year-on-year (Y-o-Y) to ₹21,040 crore, up from ₹18,626 crore in the corresponding period last year.
India Cements share price slipped 5% after company posts net loss of ₹132.9 crore for the April-June 2025 quarter, as compared to a net profit of ₹58.47 crore a year ago
The country's leading cement maker UltraTec, on Saturday said it is not under investigation by the fair trade regulator CCI over alleged contravention of competition norms in tenders floated by state-run oil major ONGC. "It is clarified that the Company is not under investigation in this Case No. 35 of 2020 before the Competition Commission of India (CCI). The company has neither received any order from the CCI in this case nor have the company's financials been sought by the CCI," said the Aditya Birla group flagship firm in a BSE filing. It further said that its newly acquired entity India Cements Ltd (ICEM) is a party in case No 35 of 2020 and the South-India-based manufacturer is exploring legal options over the same. "The India Cements Ltd (ICL), a subsidiary of the Company, is party to Case No. 35 of 2020 and is separately making appropriate disclosures in this regard, while exploring legal options," it said. India Cements, which was earlier promoted by the Srinivasan family
India Cements share price rose 5 per cent, logging an intraday high at ₹318.5 per share; check out why the stock is advancing despite weak market sentiments
The India Cements Ltd, now an Aditya Birla Group firm, on Saturday reported a consolidated net profit of Rs 14.68 crore for the quarter ended in March 2025. It had reported a net loss of Rs 60.55 crore in the January-March period a year ago, according to a BSE filing. However, its revenue from operations was down 3.11 per cent to Rs 1,197.30 crore in the March quarter of FY25. This was at Rs 1,235.74 crore in the corresponding quarter last fiscal. Total expenses of India Cements were at Rs 1,313.2 crore, down marginally in the March quarter. Total income, which includes other income, declined by 2.52 per cent to Rs 1,255.66 crore in the March quarter. For the financial year ended on March 31, 2025, India Cements reported narrowing of its net loss to Rs 143.88 crore from Rs 227.34 crore in FY'24. Total income was at Rs 4,357.41 crore in FY2, down 13.81 per cent compared to the previous year. UltraTech Cements, the country's leading cement maker, in December last year acquired the
The growth in the company's overall consolidated sales volume during the quarter is amid its acquisitions of Kesoram Industries and India Cements
The fall in India Cements share price came on the back of weak results in the December quarter of financial year 2025 (Q3FY25)
The company, owned by UltraTech Cement, said its losses before exceptional items and taxes, for the quarter ended December, widened to Rs 307 cr ($35.5 million), from loss of Rs 50.24 cr a year ago
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India Cements Ltd, now a subsidiary of UltraTech, has announced the appointment of new leadership for the company, following the exit of its former promoters including N Srinivasan as Managing Director & CEO from the South-based cement maker. The board of India Cements Ltd (ICL) has approved the appointment of Suresh Vasant Patil as CEO and Krishnagopal Ladsaria as CFO, the company said in a regulatory filing. Both the appointments are with effect from Wednesday, it added. Patil, who joined the Aditya Birla conglomerate as a Management Trainee in 1988, has over 35 years of work experience. Currently, he heads the Ready-Mix Concrete, and Building Product Division at UltraTech. While Ladsaria, in his immediate previous role, was the Chief Financial Officer at Century Enka, a listed Aditya Birla conglomerate Company. Last week, the flagship firm of Aditya Birla group announced the completion of the acquisition of the promoters' 32.72 per cent stake in ICL. Following this, UltraTech'
Leading cement maker UltraTech has completed the acquisition of promoters a 32.72 per cent stake in India Cements Ltd, following which N Srinivasan and other promoters of the South-based cement maker have stepped down. The Aditya Birla Group firm has completed the acquisition of 10.13 crore equity shares of India Cements Ltd (ICL), representing 32.72 per cent of the equity share capital of the company. "This, together with the existing shareholding of 7.05 crore equity shares (22.77 per cent) of the equity share capital of ICL, has resulted in the Company's shareholding increasing to 17.19 crore equity shares representing 55.49 per cent of ICL's equity share capital," UltraTech had informed in a late-night regulatory filing on Tuesday. Consequently, ICL "has become a subsidiary of the Company" with effect from December 24, 2024, it added. On Wednesday, ICL informed that pursuant to the completion of the transaction and due to the consequent cessation of control by the existing ...
CCIapproved making an open offer for up to 8,05,73,273 equity shares of Rs 10 each constituting 26 per cent of the equity share capital of the company, at a price of Rs 390 per equity share
The Adani group has plans in the works to raise its production capacity to 140 MTPA by FY28, just a shade below market leader UltraTech's current capacity of 156.66 MTPA of grey cement
In June, UltraTech announced it would acquire about a 23 per cent stake in India Cements
Firm may gradually phase out CSK Cement, known as Dhoni Cement