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India Cements bounces back with ₹9 crore profit

Business

India Cements just posted a net profit of ₹9 crore for July-September 2024—a sharp turnaround from last year's (2024) ₹339 crore loss.
Revenue climbed 9.3% to ₹1,117 crore, attributed to efficiency improvements.

Cost-cutting measures lead to improved margins

By cutting expenses—especially on power, fuel, and freight—the company trimmed costs by nearly ₹180 crore compared to last year.
Capacity use stayed steady between 60% and 75%, showing they're making the most of their resources.

Capacity utilization between 60% and 75%

India Cements is gearing up for a ₹440 crore expansion over the next two years, aiming to boost production at its Chennai and Dalavoi plants.
With demand for cement rising as India builds more infrastructure, the company's betting big on future growth.