India Cements Q2 Outcomes: Co turns to revenue of Rs 8.81 crore, to speculate Rs 2,014 cr on growth

India Cements Ltd (ICL), now a part of the Aditya Birla Group agency, on Friday reported a consolidated internet revenue of Rs 8.81 crore within the September quarter of FY26.

The board of ICL has authorised an funding of Rs 2,014 crore, which features a capex of Rs 1,574 crore for modernisation and Rs 440 crore for capability enhancement.

The corporate had reported a internet lack of Rs 339.13 crore within the July-September interval a 12 months in the past, based on a BSE submitting from ICL, now a subsidiary of UltraTech Cement.

Its income from operations was up 9.31 per cent to Rs 1,117.04 crore within the September quarter of FY26. This was at Rs 1,021.84 crore within the corresponding quarter final fiscal.

Complete bills of ICL have been at Rs 1,135.64 crore, down 13.5 per cent year-on-year.

In Q2, ICL home gross sales quantity of two.44 million tonnes was up 11.9 per cent on q-o-q foundation. Its common capability utilisation was at 65 per cent for the quarter, the corporate mentioned in its submit outcome shows.Nevertheless, complete earnings of ICL, which incorporates different earnings, was down 2.94 per cent at Rs 1,146.04 crore within the September quarter of FY’26.UltraTech, the nation’s main cement maker, in December final 12 months, acquired the promoter’s stake within the south India-based cement maker. Consequently, ICL had change into a subsidiary of UltraTech Cement with impact from December 24, 2024.

In a separate submitting, ICL knowledgeable its board of administrators in its assembly held on Friday authorised capex in the direction of capability growth and modernisation.

The board has authorised to speculate Rs 440 crore for a proposed capability addition of two.80 million tonnes, which might be raised by means of a “mixture of debt and inner accrual”.

ICL presently has a capability of 14.75 million tonnes, and this new proposed funding will add “obligatory capability for upcoming enterprise alternatives and enhance aggressive positioning of the corporate”.

“Moreover, the board has additionally authorised a capex of Rs 1,574 crore in the direction of modernisation,” it mentioned.

Shares of India Cements Ltd on Friday settled at Rs 391.75 on BSE, down 0.58 per cent from the earlier shut.