Shares of India Cements Ltd declined by 2.42% to ₹340.10 during early trading hours on Tuesday, January 22, following the release of its Q3 FY25 financial results. The Aditya Birla Group-owned cement manufacturer reported mixed performance, with a significant increase in consolidated net profit but declining revenues.
Key Highlights from Q3 FY25 Results:
- Consolidated Net Profit: ₹122.3 crore, up sharply from ₹0.67 crore in Q3 FY24.
- Consolidated Revenue from Operations: Dropped 15% YoY to ₹940 crore, compared to ₹1,113.06 crore in the same quarter last year.
- Consolidated Expenses: Increased by 6.4% to ₹1,259.53 crore from ₹1,182.70 crore in Q3 FY24.
Standalone Results:
- Net Loss: Widened to ₹428.84 crore, compared to ₹16.51 crore in the year-ago quarter.
- Revenue: Declined by 16.5% to ₹903.16 crore, compared to ₹1,081.88 crore in Q3 FY24.
- Expenses: Increased by 6.2% to ₹1,220.58 crore from ₹1,148.97 crore a year ago.
The decline in revenues and the widening of standalone losses dampened investor sentiment despite the improvement in consolidated net profit. Rising costs and a challenging demand environment have further pressured the company’s financial performance.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.