India Cements reported a fourfold rise in consolidated net profit to ₹38.82 crore in the September quarter, helped by better operational efficiency and higher capacity utilisation.
New Delhi, October 18 — The India Cements Ltd (ICL), now an Aditya Birla Group company and a subsidiary of UltraTech Cement, reported a fourfold increase in consolidated net profit to ₹38.82 crore for the September quarter.
The company had posted a net profit of ₹8.81 crore in the same quarter a year ago.
Revenue from operations increased 2.23% to ₹1,142.03 crore, compared with ₹1,117.04 crore in the corresponding quarter of the previous financial year.
India Cements attributed the stronger profitability to operational efficiencies and an increase in capacity utilisation, which supported higher EBITDA and profit after tax.
During the second quarter of FY27, the company recorded domestic sales volume of 2.83 million tonnes, representing growth of 16.2%.
The improvement in sales volumes indicates stronger utilisation of the company’s production assets and helped offset the relatively modest growth in revenue.
Total expenses declined 3.7% to ₹1,093.42 crore during the quarter, contributing to the sharp increase in bottom-line profit.
However, total income, including other income, was marginally lower at ₹1,145.70 crore, compared with ₹1,146.04 crore in the year-ago period.
The combination of higher sales volumes and lower expenses helped India Cements deliver a significantly stronger profit performance despite only a small rise in revenue.
The company’s board has also approved a proposal to shift its registered office from Tamil Nadu to Maharashtra, subject to shareholder and regulatory approvals.
The relocation will also require a consequential amendment to the company’s Memorandum of Association.
India Cements became a subsidiary of UltraTech Cement with effect from December 24, 2024, after the country’s largest cement producer acquired the promoter stake in the south India-focused cement company.
The latest quarterly results highlight the impact of improved capacity utilisation and cost control following the ownership transition.
