The India Cements (INDIACEM) Q3 24/25 earnings summary

Executive summary

• Unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2024 were reviewed and approved by the Board on 21 January 2025.

• The company became a subsidiary of UltraTech Cement Ltd as of 24 December 2024, with UltraTech's shareholding rising to 55.49%.

Financial highlights

• Standalone revenue from operations for Q3 FY25 was ₹903.16 crore, down from ₹1,081.88 crore in Q3 FY24; nine-month revenue was ₹2,891.34 crore versus ₹3,697.05 crore year-over-year.

• Standalone net loss for Q3 FY25 was ₹428.84 crore, compared to a net loss of ₹16.51 crore in Q3 FY24; nine-month net loss was ₹591.90 crore versus ₹173.19 crore year-over-year.

• Consolidated revenue from operations for Q3 FY25 was ₹940.81 crore, down from ₹1,113.06 crore in Q3 FY24; nine-month consolidated revenue was ₹2,951.48 crore versus ₹3,762.11 crore year-over-year.

• Consolidated net profit for Q3 FY25 was ₹122.30 crore, compared to a net loss of ₹0.67 crore in Q3 FY24; nine-month consolidated net loss was ₹158.36 crore versus ₹166.79 crore year-over-year.

Outlook and guidance

• The company is focused on restructuring and asset sales, including the planned divestment of two subsidiaries, to improve financial health.