The Board of India Cements at its meeting held on 20 April 2024 has approved the sale of its Grinding Unit, with an installed capacity of 1.1 MTPA, at Parli Vaijnath, Beed District, Maharashtra (PGU), to UltraTech Cement (CIN: L26940MH2000PLC128420) (�Buyer�) for a total consideration of Rs.315 crore (exclusive of taxes and levies). The Company has entered into an Asset Purchase Agreement with the Buyer in this regard today. Powered by Capital Market - Live News

India Cements has appointed K.Vamsidhar Reddy is appointed as Chief Manufacturing Officer (Projects and Operations), a Senior Management Personnel of the Company with effect from 15 April 2024.Powered by Capital Market - Live News

India Cements has received revision in credit ratings from CARE as under:Long term bank facilities - CARE BB+; Negative (revised from CARE BBB-; Negative) Short term bank facilities - CARE A4+ (revised from CARE A3) Powered by Capital Market - Live News

Net profit of India Cements declined 99.50% to Rs 0.67 crore in the quarter ended December 2023 as against Rs 133.29 crore during the previous quarter ended December 2022. Sales declined 10.66% to Rs 1144.46 crore in the quarter ended December 2023 as against Rs 1281.00 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales1144.461281.00 -11 OPM %4.26-4.65 - PBDT17.76-109.99 LP PBT-40.31-165.37 76 NP0.67133.29 -99 Powered by Capital Market - Live News

Net Loss of India Cements reported to Rs 80.07 crore in the quarter ended September 2023 as against net loss of Rs 113.26 crore during the previous quarter ended September 2022. Sales declined 4.72% to Rs 1264.39 crore in the quarter ended September 2023 as against Rs 1327.06 crore during the previous quarter ended September 2022. ParticularsQuarter Ended�Sep. 2023Sep. 2022% Var. Sales1264.391327.06 -5 OPM %0.35-5.74 - PBDT-47.96-135.09 64 PBT-102.95-190.31 46 NP-80.07-113.26 29 Powered by Capital Market - Live News