India Cements Limited recorded a net consolidated loss of Rs 132.90 crore during the first quarter of fiscal year 2026. The UltraTech cement subsidiary had earned Rs 58.47 crore profit during the same period last year. Revenue from operations stayed nearly unchanged at Rs 1,024.74 crore compared with Rs 1,026.76 crore in the previous year. The company faced a 14 percent sequential decline from the preceding quarter's Rs 1,197.30 crore. Operating expenses of Rs 1,042.19 crore exceeded total revenue of Rs 1,033.85 crore.
UltraTech acquired the promoter's stake and made India Cements a subsidiary on December 24, 2024. The cement manufacturer plans capital investments over two years to boost efficiency and expand renewable energy usage. Management expects the company will emerge stronger despite current challenges. Profit after tax before exceptional items improved to negative Rs 9.13 crore from negative Rs 182.21 crore previously.
UltraTech acquired the promoter's stake and made India Cements a subsidiary on December 24, 2024. The cement manufacturer plans capital investments over two years to boost efficiency and expand renewable energy usage. Management expects the company will emerge stronger despite current challenges. Profit after tax before exceptional items improved to negative Rs 9.13 crore from negative Rs 182.21 crore previously.
