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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Mon, Jul 29, 2024
After the recent acquisition, UltraTech Cement will also issue an open offer for additional buyback in India Cements.
Sun, Jul 28, 2024
The board of the Aditya Birla firm on Sunday approved the proposal to acquire the promoters' 32.72 per cent stake at Rs 390 per share, UltraTech said in a regulatory filing on Sunday.
Thu, Jun 27, 2024
UltraTech Cement has agreed to acquire a 23% stake in India Cements for approximately Rs 1,885 crore, expanding its footprint in the cement industry.
KEC Industries Ltd, India Cements, Kfin Technologies & Sanghi Ind. Which stocks will be in focus today? News shares and triggers. Know in Stocks In News.
As UltraTech Cement in a major deal bought stake in India Cements, shares of both the companies saw sharp gains.
Sun, Jun 23, 2024
Brokerage JM Financial has picked three stocks Shree Renuka Sugar, India Cements, and IDFC First Bank from a short-term perspective.
Tue, May 21, 2024
Results Review: What to do in BEL, SAIL, India Cements after the results? Know the analysis on the results from Anil Singhvi...
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.
Thu, Dec 22, 2022
CCI raided Digvijay Cement and India Cements from this morning. Investigation was done on the complaint of ONGC Oil Well Cement. Know the complete details of the news from Tarun Sharma.
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.
India Cements ties up with JSW Cements. How is this deal with India Cements? What to do in India Cements? If India Cements is in the portfolio then definitely must watch this video of Anil Singhvi.
Thu, Sep 29, 2022
The company's operating margin came down as the uncompensated increase in variable cost alone was over Rs 400 per tonne or Rs 350 crore during the year 2021-22.
Wed, Sep 28, 2022
Individually, India Cements share jumped 10 per cent to Rs 254.7 per share, followed by Star Cement up almost 5 per cent to 103.6 per cent and Ramco Cements up 3.5 per cent to Rs 742.1 per share on the BSE intraday.
Wed, Sep 21, 2022
To maintain the weight, Ambuja Cements shall be replacing India Cements. Its MWPL limit has come down to around 78 per cent.
Wed, Jul 20, 2022
Stocks to buy: Market expert and IIFL Securities Director Sanjiv Bhasin on Wednesday picked three stocks for investors that can yield high returns in the near term - Astral, Honeywell Automotive, and Mphasis.
Fri, Jul 08, 2022
Which trigger led Anil Singhvi to choose India Cements as a Stock to Buy? Watch this video for more details.
Mon, Jun 13, 2022
The company has been continuously reporting ROE in the range of 1-4 per cent over the years while ROCE stands in the range of 4-7 per cent and net profit has been growing at a CAGR of around 44.79 per cent over the past 3 years.
Fri, May 27, 2022
India Cements Q4 results 2022: The India Cements Ltd has reported standalone net loss at Rs 23.71 crore for the quarter ending March 31, 2021 due to 'spiraling' increase in the input cost together with the loss of volume, the company said on Friday
Sun, Oct 17, 2021
The outlook for cement sector remains strong with at least two reports expressing optimism on demand situation, pricing and production. An ICRA report estimates production to go up 12 per cent to 330 mln tn in FY22
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