India Cements Q3 Profit Surges to Rs 116.52 Crore
New Delhi: India Cements Ltd has reported a consolidated net profit of Rs 116.52 crore for the third quarter ending December 31, 2024. This is a major improvement compared to the Rs 6.58 crore net loss it recorded in the same period last year. The profit surge was primarily driven by a Rs 584.23 crore gain from the sale of investments.
In its filing, the company revealed that its revenue from operations stood at Rs 940.81 crore for the quarter, down from Rs 1,113.06 crore in the year-ago period. At the same time, expenses rose to Rs 1,259.53 crore compared to Rs 1,182.70 crore last year.
India Cements achieved a cement capacity utilisation rate of 57% during this period, with domestic sales volumes increasing by 5%. The strong India Cements Q3 profit performance comes shortly after UltraTech Cement, part of the Aditya Birla Group, acquired a 32.72% stake in the company on December 24, 2024.
Looking Ahead
India Cements remains optimistic about its growth trajectory. The company aims to strengthen its core market presence by increasing sales, optimizing costs, and enhancing operational efficiency.
“With rising government investment in infrastructure and growing demand in the housing market, India Cements is well-placed to enhance its presence in key markets while contributing to the country’s economic growth,” the company said.
The strong India Cements Q3 profit reflects the company’s ability to adapt to market dynamics and take advantage of strategic opportunities. This performance positions India Cements as a key player in the industry, ready to achieve sustained growth.
Read more: Ghaziabad to Make Structural Audits Mandatory for Buildings
for more updates follow us on instagram
