India Cements quarterly loss narrows as demand picks up

India Cements

17/10/2025 15:19

Oct 17 (Reuters) - India Cements ICMN.NS reported a narrower second-quarter loss on Friday, supported by improved pricing and demand from a year ago, when general elections had dampened construction activity across the country.

The company, owned by UltraTech Cements ULTC.NS, said its net loss narrowed to 68.8 million rupees ($781,507.36) in the July-September quarter, from a loss of 3.39 billion rupees a year ago.

Revenue grew by 11% to 11.17 billion rupees for the quarter.

For further earnings highlights, (click here)

Domestic sales volumes for the cement maker rose about 12% sequentially in the September quarter from the previous one.

Cement demand is expected to rebound in the second half of the year, as festive season winds down and recent consumption tax cuts support consumer sentiment, analysts said.

Shares of India Cements have risen 1.5% since September 3, when the GST cuts were officially announced.

UltraTech Cements ULTC.NS is yet to report its earnings.

PEER COMPARISON

Valuation (next 12 months)
Estimates (next 12 months)
Analysts' sentiment
RIC
PE
EV/EBITDA
Price/Sales
Revenue growth(%)
profit growth(%)
Mean rating*
No. of analysts
Stock to price target**
Div yield (%)
India Cements Ltd
ICMN.NS
61.17
17.40
NULL
14.24
NULL
SELL
2
1.14
NULL
Orient Cement Ltd
ORCE.NS
15.22
7.66
NULL
12.55
54.09
SELL
2
0.82
0.23
Dalmia Bharat Ltd
DALB.NS
29.71
11.79
2.58
10.58
31.73
HOLD
33
0.94
0.41
Ramco Cements Limited
TRCE.NS
36.43
14.16
NULL
11.45
106.30
HOLD
21
0.99
0.20

* The mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

JULY-SEPTEMBER STOCK PERFORMANCE

-- All data from LSEG

($1 = 88.0350 Indian rupees)

India Cements stock performance https://tmsnrt.rs/48tQEqf

 (Reporting by Komal Salecha; Editing by Sherry Jacob-Phillips and Sahal Muhammed)

 ((Komal@thomsonreuters.com;))