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India Cements Results: Latest Quarterly Results & Analysis

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India Cements Ltd. 21 Jul 2025 12:24 PM

Q1FY26 Quarterly Result Announced for India Cements Ltd.

Cement & Cement Products company India Cements announced Q1FY26 results

  • Consolidated Net Sales for Q1FY26 was Rs 1,024.74 crore vis-a-vis Rs 1,026.76 crore in the Q1FY25.
  • Profits before interest, depreciation, and tax for Q1FY26 were Rs 92.31 crore compared to a loss of Rs 9.16 crore.
  • PAT before onetime exceptional items was a negative Rs 9.13 crore compared to negative Rs 182.21 crore over Q1FY25.
  • The company has successfully refinanced its debt, resulting in a significant reduction in finance costs to Rs 26.58 crore from Rs 82.36 crore in Q1FY25.

Result PDF

Cement & Cement Products company India Cements announced Q3FY25 results

  • Consolidated Net Sales for Q3FY25 was Rs 940.81 crore vis-a-vis Rs 1,144.46 crore over Q3FY24.
  • Profit before interest, depreciation, and tax for Q3FY25 was Rs (143.73) crore compared to Rs 78.15 crore.
  • Profit after tax was Rs 196.22 crore compared to Rs 0.67 crore.
  • Company’s net debt has dropped sharply to Rs 886 crore.
  • The company achieved a cement capacity utilisation of 57% during the quarter. Domestic sales volume grew 5% YoY on a consolidated basis.

Result PDF

Cement & Cement Products company India Cements announced H1FY25 & Q2FY25 results

  • The volume for the 2nd quarter was 23.02 lakh tonnes as compared to 23.70 lakh tonnes YoY and 19.61 lakh tonnes in the first quarter of the current year.
  • The overall sales for the half year was 42.63 lakh tonnes as compared 50.36 lakh tonnes in the previous year, a drop of 15%.
  • Variable cost was up by nearly Rs 100/tn as compared to first quarter and together with the drop in NPR by nearly Rs 480/tn impacted the margin by Rs 134 crore, which was the sole reason for the increase in negative EBIDTA.
  • EBIDTA for the quarter was Rs 154 crore as compared to a positive Rs 14 crore in the same quarter of the last year.
  • After reckoning the interest of Rs 73 crore and depreciation of Rs 54 crore, the loss before extra-ordinary items was Rs 281 crore for the quarter.
  • The loss after tax including other comprehensive income was at Rs 261 crore as against a loss of Rs 80 crore in the same quarter of the previous year.
  • For H1FY25, the loss after tax including other comprehensive items was at Rs 203 crore as against a loss of Rs 155 crore in the H1FY24.

Result PDF

India Cements announced Q4FY24 results:

  • Operating Performance Improvement:

    • Improved sales volume contributed to better operating performance.
    • Losses for the 4th quarter reduced due to this improvement.
  • Efforts in Liquidity Improvement:

    • India Cements Limited made efforts to enhance liquidity.
    • Positive EBIDTA was achieved quarter after quarter.
    • Cash profit of Rs 8 crore was achieved for the reviewed quarter.
  • Profit and Setbacks:

    • Despite a fall in cement selling prices, the company achieved a cash profit of Rs 24 crore for the quarter.
    • Profit was also generated from the sale of land, contributing to the overall profit.
  • EBIDTA Performance:

    • EBIDTA for the quarter, excluding exceptional items, stood at around Rs 72 crore.
    • Compared to the same quarter of the previous year, there was a significant improvement from negative Rs 26 crore to positive Rs 72 crore.

Result PDF

India Cements announced Q1FY24 results:

  • Cement sales for Q1FY24 were only 26.57 lakh tons as compared to 27.85 lakh tons in Q4FY23.
  • Sales realization was lower by 5% as compared to Q1FY23 at around Rs 268 per ton.
  • EBIDTA was lower at Rs 12 crore for Q1FY24 as compared to an EBIDTA of Rs 39 crore in Q1FY23.
  • Interest and other charges were at Rs 58 crore (Rs 59 crore) while depreciation was at Rs 53 crore as compared to Rs 52 crore in Q1FY23.
  • Resultant loss before tax was Rs 99 crore in Q1FY24 as compared to a loss of Rs 72 crore in Q1FY23.

 

 

Result PDF

India Cements announced Q3FY23 results:

  • Q3FY23 & 9MFY23:
    • In the quarter under review, the overall volume of clinker and cement for the company was at 21.82 lakh tons up by 3% as compared to 21.08 lakh tons on YoY.
    • In the nine months, the overall volume was up by 11% at 71.08 lakh tons (64.13 lakh tons).
    • This is compared to an approximate overall growth of 13% for the cement industry in the south during the same period.
    • The cost per kcal of fuel increased from Rs 1.95 per kcal to Rs 2.95 per kcal during the quarter under review on a YoY basis.
    • Consequently, there was a negative EBIDTA of Rs 66 crore for the quarter as compared to an EBIDTA of Rs 110 crore in the same period of the previous year.
    • Interest charges were higher at Rs 61 crore (Rs 50 crore) while depreciation was at Rs 54 crore as that of the previous year.
    • The loss before tax and extraordinary items stood at Rs 180 crore as compared to a profit of Rs 5 crore for the quarter.
    • There was an exceptional income representing profit on the sale of investments at Madhya Pradesh of Rs 294 crore and the profit before tax was at Rs 114 crore after reckoning the same, as compared to a profit of Rs 5 crore before tax in the previous year.
    • After-tax and other adjustments, the total comprehensive income for the quarter was at Rs 88 crore as compared to a profit of Rs 3 crore in the previous year.
    • The above results were taken on record by the Board of directors at their meeting held on 3rd February 2023.

 

 

Result PDF

India Cements announced Q2FY23 results:

  • The overall volume of clinker and cement for the company was at 22.54 lakh tons for the quarter as compared to 23.60 lakh tons on YoY.
  • H1FY23, the overall volume was up by 17% at 49.26 lakh tons as compared to 43.05 lakh tons in H1FY22.
  • The cost per kcal of fuel went up from around Rs.1.60 per kcal in the same quarter of the previous year to as high as Rs.3.26 per kcal and the average rate of power moved up by more than Rs.2 per unit resulting in an increase in the cost of production by more than Rs.1300 per ton during the quarter while the increase in NPR was only Rs.390 per ton resulting in a negative EBIDTA of Rs.87 crores for the quarter ended September 30, 2022, as compared to Rs.137 crores of EBIDTA in the corresponding quarter in the previous year.
  • The interest charges were at Rs.66 crores (Rs.51 crores) while depreciation was at Rs.54 crores (Rs.56 crores).
  • The consequent loss before tax was Rs.207 crores as compared to a profit of Rs.29 crores in the corresponding quarter in the previous year.
  • After taking into account the deferred tax adjustments, the total comprehensive loss for the quarter was Rs.137 crores as compared to an income of Rs.22 crores in the same period of the previous year.

Result PDF

India Cements announced Q1FY23 Result :

  • The overall clinker production of the company was up by 28% while the cement sales was up by 38% at 25.53 lakh tons as compared to 18.51 lakh tons in the previous year. The clinker sales was marginally higher at 1.19 lakh tons(0.94 lakh tons) resulting in a overall sale of 26.72 lakh tons (19.45 lakh tons)an improvement of 37%.
  • The power and fuel cost was astronomically high with the cost of fuel climbing up from Rs.1.60 per Kcal in the same quarter of the previous year to as high as Rs.2.70 per Kcal during the quarter and own generating power cost also climbed up substantially.
  • The increase in power and fuel cost alone was more than 54% as compared to the same period of the previous year, while the overall increase in variable cost was around 40% with marginal savings in other items of raw materials, stores, etc. It should be noted that the growth rate in cement sales for the company was marginally lesser than that of peers in the south as the company reduced its despatches to east and far off markets as the contribution was very low in the light of increased cost.
  • While variable cost went up significantly over that of previous year, the net plant realization improved only marginally by 4% resulting in uncompensated cost increase. Such increase in variable cost alone was close to Rs.200 crores and was the primary reason for the drop in EBIDTA to around Rs.39 crores as compared to Rs.165 crores in the same quarter of the previous year. Interest charges were at Rs.59 crores (Rs.55 crores) while depreciation was at Rs.52 crores (Rs.54 crores) resulting in a loss of Rs.72 crores for the quarter as compared to a profit of Rs.56 crores in the same quarter of the previous year.
  • After taking into account the benefit of lower taxation rate, the deferred tax liability has been recomputed. Hence, the profit after tax, taking into account the revised deferred tax computation was Rs.76 crores for the quarter as compared to Rs.37 crores. After recognizing other comprehensive items, the total comprehensive income for the quarter was at Rs.80 crores as compared to an income of Rs. 38 crores in the previous year

 

Result PDF

India Cements declares Q4FY22 result:

  • The variable cost of production during the quarter had gone up by 33% as compared to previous year while the net plant realization could pick up only by 6.8% during the corresponding period resulting in erosion of margin. The increase in Variable Cost could not be passed on to the marketfor reasons already stated. The unrecovered increase in the variable cost alone resulted in a loss of contribution of over Rs.500 per ton or aggregating to approximately Rs.135 crores which was the primary reason for the reduction in EBIDTA.
  • This was further compounded by the loss of volume. However, with a tight control on fixed cost and administrative overheads and marketing overheads, the company could still achieve an EBIDTA of Rs.66 crores as compared to Rs.212 crores as compared to corresponding quarter of the previous year.
  • Interest charges were lower at Rs.48 crores (Rs.53 crores) while depreciation was at Rs.54 crores (Rs.61 crores). The resultant loss for the quarter was at Rs.36 crores as compared to profit before tax of Rs.98 crores during the same quarter of the previous year.
  • For the year ended 31st March’22, the EBIDTA was at Rs.478 crores a drop of 42% as compared to Rs.829 crores in the previous year and the Profit before tax for the year was at Rs.54 crores as compared to Rs.323 crores in the previous year.

 

 

Result PDF

Highlights:

  • The overall volume for the half year was 43.05 lakh tons as against 35.35 lakh tons an improvement of 22%.
  • The average net plant realization for the quarter was down by 4% and for the half year by 5% when compared with the previous year. This accounted for a reduction in EBIDTA of Rs 40 crs for the quarter under review and 87 crs for the half year.
  • The variable cost was influenced by substantial increase in the price of fuel and was up by 15% during the quarter and 10% for the half year.
  • This double impact had resulted in lower EBIDTA of Rs.137 crores for the quarter as compared to Rs.240 crores in the previous year and for the half year the EBIDTA was lower at Rs.302 crores as compared to Rs.399 crores in the previous year.
  • The interest and other charges for the quarter was lower at Rs.51 crores (Rs.70 crores) and for the half year it was at Rs.106 crores against Rs 143 crores. After accounting for a depreciation of Rs.56 crores for the quarter the profit before tax was at Rs.29 crores as compared to Rs.110 crores in the same quarter of the previous year. The profit for the half year was also lower at Rs.85 crores as compared to Rs.136 crores in the previous year.

 

 

Result PDF

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