The India Cements (INDIACEM) Q4 24/25 earnings summary

Executive summary

• Audited standalone and consolidated financial results for the quarter and year ended 31 March 2025 were approved, with statutory auditors issuing unmodified opinions for both sets of results.

• The company operates primarily in the cement segment, with no reportable segments other than cement.

• During the quarter, several subsidiaries and associates ceased to be part of the group, and the board approved the amalgamation of four wholly owned subsidiaries, pending regulatory approval.

Financial highlights

• Standalone revenue from operations for Q4 FY25 was ₹1,197.13 crore, up from ₹903.16 crore in Q3 FY25, but down from ₹1,245.38 crore in Q4 FY24.

• Standalone net loss for Q4 FY25 was ₹75.66 crore, compared to a net loss of ₹428.84 crore in Q3 FY25 and ₹29.33 crore in Q4 FY24.

• For the full year FY25, standalone revenue was ₹4,088.47 crore (down from ₹4,942.43 crore in FY24), with a net loss of ₹667.56 crore (wider than the ₹202.52 crore loss in FY24).

• Consolidated revenue for FY25 was ₹4,148.78 crore, with a consolidated net loss of ₹143.68 crore, compared to a net loss of ₹227.34 crore in FY24.

Outlook and guidance

• The board approved the amalgamation of four wholly owned subsidiaries, with the appointed date as 1 January 2025; the financial results do not include the impact of this amalgamation as it is subject to regulatory approvals.