4 days ago
India Cements reports Q1 net loss at Rs 132.90 cr
Agency:
New Delhi, Jul 19 (PTI) India Cements Ltd (ICL), now part of the Aditya Birla Group, on Saturday reported a consolidated net loss of Rs 132.90 crore for the first quarter ended June 2025.
It had reported a net profit of Rs 58.47 crore a year ago, according to a BSE filing by ICL, now a subsidiary of UltraTech Cement.
Its revenue from operations was marginally down at Rs 1,024.74 crore in the June quarter of FY26. This was Rs 1,026.76 crore in the corresponding quarter of the last fiscal.
The total expenses of ICL declined 12.43 per cent to Rs 1,042.19 crore in the first quarter of FY26.
ICL's total income, which includes other income, in the June quarter was marginally down at Rs 1,033.85 crore.
UltraTech, the country's leading cement maker, acquired the promoter's stake in the South-based cement maker. Consequently, ICL became a subsidiary of UltraTech Cement, with effect from December 24, 2024.
'PAT before onetime exceptional items was a negative Rs 9.13 crore compared to negative Rs 182.21 crore over the same period last year," said an earnings statement by the company.
It has refinanced its debt, resulting in a significant reduction in finance costs to Rs 26.58 crore from Rs 82.36 crore in the corresponding quarter of the previous year.
According to ICL, it is 'deriving benefits of synergy" with its holding company, UltraTech, which will improve its efficiency.
It further added that its profitability is expected to improve further as the benefit of this capex programme starts flowing together with synergies from economies of scale, wider distribution network and stronger balance sheet.
On the outlook, ICL said, it 'is poised to grow stronger. Increasing government spending on infrastructure and the improvement in demand in housing markets will further boost the performance of the company". PTI KRH KRH BAL BAL
view comments
First Published:
July 19, 2025, 18:00 IST
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
