The India Cements (INDIACEM) Q2 24/25 earnings summary

Executive summary

• Unaudited standalone and consolidated results for the quarter and half-year ended 30 September 2024 were reviewed and approved on 8 November 2024.

• The company is primarily engaged in cement manufacturing, with subsidiaries in sugar, power, financial services, trading, mining, and transportation.

Financial highlights

• Standalone revenue from operations for Q2 FY25 was ₹1,016.65 crore, down from ₹1,222.13 crore in Q2 FY24; half-year revenue was ₹1,988.18 crore versus ₹2,615.17 crore year-over-year.

• Standalone net loss for Q2 FY25 was ₹239.98 crore, compared to a net loss of ₹81.39 crore in Q2 FY24; half-year net loss was ₹182.52 crore versus ₹156.66 crore year-over-year.

• Consolidated revenue from operations for Q2 FY25 was ₹1,031.80 crore, down from ₹1,264.39 crore in Q2 FY24; half-year consolidated revenue was ₹2,058.56 crore versus ₹2,701.13 crore year-over-year.

• Consolidated net loss for Q2 FY25 was ₹339.13 crore, compared to a net loss of ₹80.07 crore in Q2 FY24; half-year consolidated net loss was ₹280.66 crore versus ₹167.47 crore year-over-year.

Outlook and guidance

• The company expects substantial cash inflows from the return of loans and advances from subsidiaries and associates, which are anticipated to alleviate operational stress.

• Management remains confident of addressing cash flow concerns, contingent on regulatory approvals for the ongoing acquisition and open offer.