Fri, Aug 09, 2024
India Cements Ltd reports a consolidated net profit of Rs 58.47 crore for Q1 FY24 despite a 26% decline in sales volume. The company benefited from a Rs 240.68 crore gain from the sale of its Parli unit. However, revenue fell by 28.53%, and operating margins were impacted by a liquidity crunch and lower cement prices. The company anticipates improved rural demand and positive industry prospects due to upcoming infrastructure investments. Shares settled at Rs 366.90 on the BSE.
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Fri, Feb 03, 2023
The company had posted a net profit of Rs 16.24 crore in the year-ago period, it said in a regulatory filing.
Fri, Dec 23, 2022
India Cements News: The Chennai-based company said this in a response to a clarification sought by BSE over news reports of a raid by CCI.
Mon, Nov 07, 2022
The company had posted a net profit of Rs 29.75 crore during the July-September quarter
Tue, Oct 11, 2022
According to an exchange filing by India Cements, it has divested entire stake in SMPL to JSW Cement for Rs 476.87 crore.
The deal is expected to be completed by the end of this year.
Mon, Jun 13, 2022
Investor Radhakishan (RK) Damani’s one of the favorite stocks in the portfolio – India Cements Limited shares may surge up to 65% on robust fundamentals and business outlook. RK Damani also owns a retail chain Avenue Supermarts under the brand name DMart, which holds about 39,281,694 equity shares, which translates to a 12.7% stake in India Cements.
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