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The India Cements Ltd, now an Aditya Birla Group firm, on Saturday reported a consolidated net profit of ₹14.68 crore for the quarter ended in March 2025.
It had reported a net loss of ₹60.55 crore in the January-March period a year ago, according to a BSE filing.
However, its revenue from operations was down 3.11% to ₹1,197.30 crore in the March quarter of FY25. This was at ₹1,235.74 crore in the corresponding quarter last fiscal.
Total expenses of India Cements were at ₹1,313.2 crore, down marginally in the March quarter. Total income, which includes other income, declined by 2.52% to ₹1,255.66 crore in the March quarter.
For the financial year ended on March 31, 2025, India Cements reported narrowing of its net loss to ₹143.88 crore from ₹227.34 crore in FY’24.
Total income was at ₹4,357.41 crore in FY2, down 13.81 per cent compared to the previous year.
UltraTech Cements, the country’s leading cement maker, in December last year acquired the promoters’ stake in The Indian Cements Ltd, making the South India-based cement player its subsidiary with effect from December 24, 2024.
Meanwhile, in a separate filing, ICL informed its board in a meeting held on Saturday approved a draft Scheme of Amalgamation of three subsidiaries ICL Financial Services, ICL Securities, ICL International and India Cements Infrastructures with The India Cements and their respective shareholders.
“The Appointed Date of the Scheme is 01.01.2025. Upon the Scheme becoming effective, the entire share capital of the Transferor Companies held by the Transferee Company along with its nominees shall stand cancelled without any further application, act or deed,” it said.
Published – April 26, 2025 09:43 pm IST
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