Hemadri Cements Ltd — Results, 03-05-2025: Result

Hemadri Cements has announced a board meeting to approve the financial results for the quarter and half-year. The company reported a net loss of Rs 27.06 Cr for the year, continuing a loss trend since FY22-23, with net worth fully eroded as of March 2025. Operations were temporarily suspended in August 2024 due to market challenges and high costs. Management is pursuing strategic measures to resume operations, including cost optimization and capacity enhancement. Financial support of Rs 19.28 Cr was received from group companies. An unmodified audit opinion was issued, with going concern status maintained based on management assurances. Krish Narayanan resigns as Company Secretary; Srikanth Ramani appointed as his successor. An additional director, Ms. Swaminathan Nandhini, joined the Board.