India Cement, a company of the Aditya Birla group, has reported a net consolidated gain of ₹ 15 million rupees in the quarter of March against the net loss of ₹ 61 million rupees recorded in the same period last year.
The income decreased to ₹ 1,197 million rupees (₹ 1,235 million rupees). The company has registered an exceptional income of ₹ 93 million rupees of the sale of subsidiaries Coromandel Electric Company and Coromandel Travels.
The company registered a total expenditure of ₹ 1,313 million rupees (₹ 1,319 million rupees).
For the financial year that ended in March, the company recently fell to ₹ 144 million rupees against ₹ 227 million rupees recorded in the same period last year. However, total income decreased to ₹ 4,357 million rupees compared to fiscal year 200.
Last year, the largest cement producer in the country Ultratech Cement acquired the promoter’s participation, making India Cement its subsidiary last December.
The Board of India Cement also approved a draft of the amalgamation scheme that involves the fusion of its subsidiaries: ICL financial services, ICL values, ICL International and India Cement infrastructures – the parent company. The date designated for the scheme was established as January 1, 2025. After the merger, the share capital of the merger companies held by India Cements will be canceled without the need for more procedures.
The company appointed E Jayashree as secretary of the company and compliance officer with effect as of June. She will replace S Sridharan to retire in May.
The Board also appointed Makarand M Joshi & Co as secretariat auditors for five consecutive years from fiscal year 2016 to fiscal year.
Posted on April 26, 2025