India Cements posts standalone loss of Rs 75 crore in Q4 FY25

CHENNAI: India Cements, a subsidiary of UltraTech Cement, on Saturday reported a standalone loss of Rs 75.7 crore in the quarter ended March 31, 2025 against Rs 29.3 crore in the corresponding quarter last year. However, it has substantially reduced losses on a sequential basis, wherein it posted a loss of Rs 428.9 crore in the quarter ended Dec 31, 2024.

Its revenue from operations dipped marginally by 3.9% at Rs 1,197.1 crore in the fourth quarter of 2024-25 when compared with Rs 1,245.4 crore during the year ago quarter. The total income of the Chennai-headquartered cement manufacturer stood flat at Rs 1,220.7 crore in the Jan-Mar period of FY25 against Rs 1,270 crore in the same period previous year.

Moreover, the board meeting on Saturday approved the draft scheme of amalgamation of the company's four wholly owned subsidiaries such as ICL Securities, ICL Financial Services, ICL International and India Cements Infrastructures with the company. The appointed date is Jan 1, 2025.

Noting that the entire share capital of the transferor companies held by the transferee company along with its nominees shall stand cancelled without any further application, act or deed, another regulatory filing by India Cements said the scheme is subject to necessary statutory and regulatory approvals, including sanction by the National Company Law Tribunal, Chennai bench.

While ICL Financial Services is engaged in the business of holding and making investments, ICL Securities is into the business of holding and making investments. ICL International and India Cements Infrastructures are engaged in the business of logistics and retail trading and real estate and property development, respectively.

In Q4 FY25, Coromandel Electric Company and Coromandel Travels have ceased to be subsidiaries and Coromandel Sugars, Raasi Cement and Unique Receivable Management have ceased to be associates of the company, India Cements informed the stock exchange.


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