The India Cements Ltd, a subsidiary of UltraTech Cement Ltd of the Aditya Birla Group for the third quarter ended December 31, 2024 reported consolidated net profit of ₹116.52 crore against a consolidated loss of ₹6.58 crore in the same period last fiscal.
Consolidated net sales for the quarter fell to ₹940.81 crore from ₹1,144.46 crore in the same period last year. The company’s net debt slid to ₹886 crore.
On a stand alone basis, the company reported a net loss of ₹429 crore as compared with loss of ₹16.51 crore a year ago.
The company achieved a cement capacity utilisation of 57% during the quarter. Domestic sales volume grew 5% Year on Year on a consolidated basis.
On 24 December, 2024, UltraTech had acquired 32.72% of the equity share capital of India Cements and now UltraTech’s aggregate shareholding in the company has increased to 55.49%.
Published – January 21, 2025 09:26 pm IST
