India Cements rise after quarterly loss narrows

India Cements

27/01/2026 04:33

** Shares of India Cements ICMN.NS rise 4.2% to 449.55 rupees

** ICMN, owned by UltraTech Cement ULTC.NS, on Friday reported a smaller Q3 loss of 57.2 million rupees ($623,433.24) vs loss of 4.09 billion rupees a year earlier; revenue rose 23.5% to 11.14 billion rupees

** Motilal Oswal says ICMN is witnessing operational improvement under UltraTech's leadership with recovery in margins, steady improvement in capacity utilization

** Brokerage expects ICMN's revenue CAGR at ~11% over FY25-28, led by a volume/realization CAGR of ~9%/2%

** Avg rating of four analysts equivalent of "sell", median PT is 396 rupees - LSEG data

** Stock rose 15.6% in 2025, its sixth straight yearly gain

($1 = 91.7500 Indian rupees)

 (Reporting by Brijesh Patel in Bengaluru)

 ((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))