Net Loss of India Cements reported to Rs 60.55 crore in the quarter ended March 2024 as against net loss of Rs 226.90 crore during the previous quarter ended March 2023. Sales declined 14.75% to Rs 1266.65 crore in the quarter ended March 2024 as against Rs 1485.73 crore during the previous quarter ended March 2023.For the full year,net loss reported to Rs 227.34 crore in the year ended March 2024 as against net loss of Rs 126.89 crore during the previous year ended March 2023. Sales declined 8.84% to Rs 5112.24 crore in the year ended March 2024 as against Rs 5608.14 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales1266.651485.73 -15 5112.245608.14 -9 OPM %2.97-3.17 -1.94-2.55 - PBDT-6.92-89.08 92 -79.89-344.67 77 PBT-64.98-143.99 55 -305.46-563.94 46 NP-60.55-226.90 73 -227.34-126.89 -79 Powered by Capital Market - Live News

India Cements will hold a meeting of the Board of Directors of the Company on 20 May 2024Powered by Capital Market - Live News

The Board of India Cements at its meeting held on 20 April 2024 has approved the sale of its Grinding Unit, with an installed capacity of 1.1 MTPA, at Parli Vaijnath, Beed District, Maharashtra (PGU), to UltraTech Cement (CIN: L26940MH2000PLC128420) (�Buyer�) for a total consideration of Rs.315 crore (exclusive of taxes and levies). The Company has entered into an Asset Purchase Agreement with the Buyer in this regard today. Powered by Capital Market - Live News

India Cements has appointed K.Vamsidhar Reddy is appointed as Chief Manufacturing Officer (Projects and Operations), a Senior Management Personnel of the Company with effect from 15 April 2024.Powered by Capital Market - Live News

India Cements has received revision in credit ratings from CARE as under:Long term bank facilities - CARE BB+; Negative (revised from CARE BBB-; Negative) Short term bank facilities - CARE A4+ (revised from CARE A3) Powered by Capital Market - Live News