Page 3 - India Cements

India Cements reports Rs 62 crore in profit for December quarter

India Cements Ltd clocked standalone net profits at Rs 62.02 crore for the quarter ending December 31, 2020, the company said on Wednesday. The city-based noted industrialist N Srinivasan-led company had registered Rs 5.37 crore as net loss during corresponding quarter previous year. For the nine month period ending December 31, 2020 standalone net profits surged to Rs 150.41 crore as against Rs 75.56 crore registered a year ago. For the year ending March 31, 2020, the company had clocked standalone net loss at Rs 35.51 crore. Total income on a standalone basis stood at Rs 1,162.91 crore for the quarter under review as against Rs 1,194.42 crore recorded corresponding quarter last fiscal. For the nine month period ending December 31,2020 standalone total income slipped to Rs 2,998.68 crore from Rs 3,915.36 crore registered in the same period last year. For the year ending March 31,2020, standalone total income was at Rs 5,085.28 crore. The COVID-19 pandemic situation

The India Cements reports Q3 net profit at Rs 67.90 cr, revenue down 4.79%

The India Cements on Wednesday reported a consolidated net profit of Rs 67.90 crore for the third quarter ended December 2020. The company had posted a net loss of Rs 8.79 crore during the October-December quarter of the previous fiscal, The India Cements said in a regulatory filing. Its revenue from operations was down 4.79 per cent to Rs 1,184.68 crore during the quarter under review as against Rs 1,244.28 crore in the corresponding period of the previous fiscal. The India Cements' total expenses stood at Rs 1,093.05 crore in Q3/FY 2020-21, down 13.6 per cent as against Rs 1,265.13 crore. According to the company, the spread of COVID-19 has severely impacted businesses in India and abroad. In consequence of the lockdown, the operations of the company were shutdown during the last week of March 2020 and restarted in phases during April 2020. The pandemic situation has affected the normal business operations of the company and production, sales and profitability, inter alia, have

Damanis hike stake in India Cements in Q3 to 21%; stock jumps 6%

The Damani family have been steadily increasing their holding in India Cements

India Cements advances 13% on heavy volumes; stock hits 34-month high

A combined 14.4 million shares, representing nearly 5 per cent of the total equity of India Cements, had changed hands on the NSE and BSE till 01:55 pm

India Cements shares rally 16%, hit a 52-week high on heavy volumes

A combined 9.8 million shares, representing 3.2 per cent total equity of India Cements, changed hands on the NSE and BSE till 03:00 pm.

India Cements Q2 net at Rs 71.43 cr while revenue drops to Rs 1,069.72 cr

Cement prices which started improving from the month of April'20 sustained during the second quarter under review with only marginal aberrations in some of the southern states

India Cements re-appoints Rupa Gurunath as whole time director for 5 yrs

Gurunath holds chairmanships/directorships in Coromandel Travels Ltd, Coromandel Electric Company Ltd., ICL Shipping and India Cements Infrastructures Ltd

Cement industry has started recovering: India Cements MD Srinivasan

The Indian cement industry has started recovering from the impact of COVID-19 helped by pent-up demand and improved rural markets, India Cements Vice-Chairman & Managing Director N Srinivasan said. The company expects an uptick in demand on the back of government's push towards infrastructure projects such as construction of highways, rural infrastructure and irrigation projects, Srinivasan said while addressing the 74th Annual General Meeting of India Cements Ltd (ICL). "The industry has started recovering slowly from May 2020 given the pent-up demand and the improved rural demand," Srinivasan said while addressing the shareholders virtually. During the first quarter of FY2021, Andhra Pradesh and Telangana governments re-started their infrastructure projects and housing for poor schemes. "With further relaxation of lockdown measures, there are expectations of increased public spending on rural infrastructure, irrigation, road building and other projects. This along with pick up ..

India Cements PBT drops 75% to Rs 26 cr in Q1, income almost halves

Firm says given the current pandemic situation and the plight of the construction industry, the firm's performance can be considered as good

India Cements PBT drops by 75% to Rs 26.06 in Q1, blames lockdowns

Company shut down operations late March, when govt announced the first nationwide restrictions to contain the coronavirus

Economy to bounce back once Covid-19 brought under control: India Cements

The Chennai-headquartered company commenced operations in April following the partial lifting of the nationwide Covid-19 enforced lockdown.

India Cements slips into red with Rs 171.11 cr loss before tax in Q4

Firm had earned a profit before tax of Rs 62.17 crore a year ago

MARKET WRAP: Sensex falls 561 pts ahead of F&O expiry; financials top drag

All that happened in the markets today

India Cements Q4 net loss at Rs 11.76 cr; revenue down 26% to Rs 1,176 cr

Shares of India Cements on Wednesday were trading at Rs 128.00 on BSE, down 2.81 per cent from the previous close

Market Ahead, June 24: Top factors that could guide markets today

The SGX Nifty, though, is trading with a slight cut and is indicating an open around 10,470 levels for the Nifty today

Radhakishan Damani looks to acquire controlling stake in India Cements

Damani, the owner of Avenue Supermarts, has informally reached out to the cement manufacturer's controlling shareholder

India Cements nears 52-week high, settles around 5% higher on the BSE

As per shareholding pattern data for the March quarter, Radhakishan Damani along with Gopikishan Damani holds around 20 per cent stake in the company

India Cements stock up by more than 6% on Damani takeover buzz

Damani, the owner of Avenue Supermarts Ltd., has informally reached out to the cement manufacturer's controlling shareholder, N. Srinivasan, to explore a takeover, the report said

Cement stocks in focus; India Cements hits 2-yr high, soars 33% in 6 days

On May 14, 2020, India Cements announced that Radhakishan S Damani, promoter of D-Mart supermarkets' chain, along with Gopikishan S Damani, has increased the stake in the company to 19.89 per cent

India Cements rebounds 14% from day's low on heavy volume; hits 20-mth high

Radhakishan S Damani, promoter of D-Mart, along with Gopikishan S Damani, has increased the stake in the company to 19.89 per cent at the end of March quarter