Indian Card Clothing Company Limited — Board Meeting, 30-05-2025: Outcome of Board Meeting

The Indian Card Clothing Company has announced a board meeting on the financial results for the quarter and year. Consolidated revenue stood at Rs 85.91 Cr, with net profit soaring to Rs 91.87 Cr, boosted by exceptional gains of Rs 77.26 Cr from property sales. While core carding operations saw wider losses, the realty segment shined with profits of Rs 41.80 Cr, driven by commercial property deals in Powai and Coimbatore. The company is winding down its ICC International Agencies subsidiary. Net cash jumped to Rs 40.44 Cr, reflecting strong liquidity post asset sales.