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Consolidated net sales for the quarter reached ₹940.81 crore, down from ₹1,144.46 crore YoY. Profit before interest, depreciation, and tax (PBIDT) turned negative at ₹(143.73) crore, contrasting with a profit of ₹78.15 crore in the previous year. However, profit after tax (PAT) significantly increased to ₹196.22 crore from ₹0.67 crore, driven largely by cost management.
The company’s cement capacity utilization was 57%, and domestic sales volumes grew by 5% YoY. A notable change occurred when UltraTech Cement acquired a 32.72% stake, raising its total holding to 55.49%, making India Cements its subsidiary.
Looking ahead, the synergy with UltraTech is expected to lead to enhanced operational efficiencies, cost optimization, and improved distribution capabilities. With the credit rating upgraded to AAA, India Cements stands to benefit from lower financing costs. Supported by rising government infrastructure spending and strengthening housing demand, the company is poised for growth in its core markets, signaling a positive outlook for investors.