India Cements

India Cements Q4 results: Net profit at Rs 14.68 cr, revenue dips 3.1%

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

India Cements share slips 9% on weak Q3 show; net loss widens to Rs 429 cr

The fall in India Cements share price came on the back of weak results in the December quarter of financial year 2025 (Q3FY25)

India Cements Q3 results: Loss widens to Rs 307 cr on pricing, demand woes

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

Stocks to Watch, Jan 2, 2025: Tata Motors, NMDC, South Indian Bank, RailTel

Stocks to Watch, Jan 2, 2025: From auto stocks to NMDC here is a list of stocks that will remain in focus today

New leadership for India Cements, UltraTech appoints new CEO, CFO

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'

N Srinivasan resigns as CEO, MD of India Cements post UltraTech acquisition

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 ...

India Cements, UltraTech Cement gains up to 11% as CCI approves acquisition

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

Competition Commission clears over Rs 7,000 cr UltraTech-India Cements deal

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

UltraTech Cement receives CCI query on India Cements acquisition

In June, UltraTech announced it would acquire about a 23 per cent stake in India Cements

India Cements under UltraTech Cement may drop V-P Mahendra Singh Dhoni

Firm may gradually phase out CSK Cement, known as Dhoni Cement

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.

UltraTech Cement's open offer for ICL to open on Sept 19, close on Oct 3

UltraTech Cement's Rs 3,142 crore open offer for acquiring 26 per cent stake in India Cements Ltd (ICL) will tentatively open on September 19 and close on October 3. The Aditya Birla group flagship company has proposed to acquire 8.05 crore shares of ICL at Rs 390 apiece, said the draft of the offer submitted to bourses. The offer price is 6.3 per cent higher than the closing price of Rs 366.90 of ICL at BSE. The mandatory open offer was triggered after UltraTech on July 28 announced to acquire 32.72 per cent stake in ICL from promoters and their associates for Rs 3,954 crore. If subscribed fully, then based of the Rs 390 price, the open offer will come in at Rs 3,142.35 crore. Before this, UltraTech had acquired a non-controlling stake of around 23 per cent in ICL through two block deals, at around Rs 1,900 crore. The shareholding of UltraTech after the acquisition of 32.72 per cent stake in ICL from promoters and their associates, will be 55.49 per cent. UltraTech in the draft

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

Billionaire battle heats up as Adani challenges Birla in cement space

The clash of titans is likely to intensify as the deep-pocketed tycoons seek to dominate supplies of a building material that is critical to sustaining India's infrastructure boom

UltraTech to acquire 32.7% stake in India Cements to up South play

Open offer may raise total cost to Rs 7,100 cr

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.