India Cements jumps most in 13 months on Q4 profit surge

India Cements

27/04/2026 07:48

** India Cements ICMN.NS jumps as much as 15.3% to 469.90 rupees; marks highest intraday percentage gain since March 2025

** Co, unit of India's largest cement maker Ultratech Cement ULTC.NS, posts more than two-fold year-on-year rise in March-quarter profit from continuing operations

** Morgan Stanley reiterates "overweight" on ULTC after India Cements' results, saying operating profitability improved strongly in Q4; ULTC up 0.8%

** Motilal Oswal raises FY27 and FY28 operating profit estimates of ICMN by 7% and 8%, respectively, factoring in the company's cost efficiency initiatives, brand migration

** YTD, ICMN down 6.3%, ULTC up 1.8%

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))