INDIACEM

India Cements Ltd – Key Developments

1. Q1 FY26 Financial Performance (Quarter Ended June 2025) The company posted a consolidated net loss of approximately ₹131 crore, a sharp reversal from a profit of ₹71 crore in the same quarter last year. Revenue remained flat, standing at around ₹1,025 crore, nearly matching the ₹1,027 crore logged in Q1 of the previous fiscal year. Performance pressures stemmed from exceptional charges, primarily tied to asset impairments in subsidiaries, despite better operational trends. 2. Operational Snapshot Domestic cement sales volume rose to 2.18 million tonnes, marking an 11–12% YoY growth. Capacity utilization improved, averaging around 61% for the quarter. EBITDA per metric tonne rebounded strongly to around ₹424, up from ₹88 in the prior quarter. The company benefited from a reduction in finance costs, dropping significantly due to successful refinancing. 3. Strategic Moves & Outlook India Cements is now a subsidiary of UltraTech Cement, following the completion of the acquisition in late 2024. Management has launched a two-year capex plan targeting: Higher operational efficiency Lower operating costs Increased use of renewable energy Enhanced safety standards The company expects profitability to improve progressively, driven by synergies from scale, a wider distribution network, and a stronger balance sheet. With growing government infrastructure spend and improved housing demand, India Cements is positioned for a potential rebound. 4. Company Profile & Capacity Headquartered in Chennai, India Cements operates across southern and western India with integrated plants in Tamil Nadu, Telangana, Andhra Pradesh, and Rajasthan, plus grinding units in Tamil Nadu and Maharashtra. It is recognized as one of the top cement producers in India by revenue. Established in 1946, the company has a notable history and legacy in the Indian cement sector.