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India Cements logs Q1 loss of Rs 75 crore, to modernise and monetise assets Closing the first quarter of FY24 with a net loss of Rs 75.27 crore, cement major India Cements Ltd looks at monetisation of non-core assets, cutting down variable production costs and refurbishing its old plants, a top company official said. Speaking to reporters, Vice Chairman and Managing Director N.Srinivasan noted that the company requires about Rs 400 crore (Rs 250 crore for capital expenditure and Rs 150 crore for working capital) and about Rs100 crore will be raised in two weeks to...
India Cements logs Q1 loss of Rs 75 crore, to modernise and monetise assets
India Cements logs Q1 loss of Rs 75 crore, to modernise and monetise assets
Source: IANS
8/08/2023 10:00:05 AM
Stock Picks : India Cement Ltd and Bajaj Finserv Ltd By ICICI Direct India Cements Ltd Buy Indian Cement Ltd @219.00-219.50; Target 222.60; Stop Loss 217.40   Bajaj Finserv Ltd Buy Bajaj Finserv Ltd @1575.00-1578.00; Target 1554.00; Stop Loss 1588.20  
Stock Picks : India Cement Ltd and Bajaj Finserv Ltd By ICICI Direct
Stock Picks : India Cement Ltd and Bajaj Finserv Ltd By ICICI Direct
Source: ICICI Direct
2/08/2023 10:43:38 AM
Stock Picks : Adani Ports Ltd and Indian Cement Ltd Adani Ports Ltd Buy Adani Ports Ltd @776-778; Target 789.80; Stop Loss 771.20   Indian Cement Ltd Buy Indian Cement Ltd @219.00-219.60; Target 223.50; Stop Loss 217.40     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above views are of the author and no...
Stock Picks : Adani Ports Ltd and Indian Cement Ltd
Stock Picks : Adani Ports Ltd and Indian Cement Ltd
Source: ICICI Direct
1/08/2023 10:49:40 AM
Sell India Cements Ltd For Target Rs.122 - ICICI Securities India Cements (ICEM) has posted an EBITDA loss for the third consecutive quarter. EBITDA loss in Q4FY23 stood at Rs445mn vs a loss of Rs695 in Q3FY23 and a profit of Rs615mn in Q4FY22. While volumes rose ~5% YoY, weak cement prices and elevated fuel cost got the better of ICEM. The company has posted an EBITDA loss of Rs1.75bn for the full year FY23 - a first in past several years. While fuel cost is visibly easing (pet coke spot rates are down >50% vs the peak of last year) and ICEM is op...
Sell India Cements Ltd For Target Rs.122 - ICICI Securities
Sell India Cements Ltd For Target Rs.122 - ICICI Securities
Source: ICICI Securities Ltd
12/06/2023 1:01:26 PM
Sell India Cements Ltd For Target Rs.167 - Yes Securities Ltd Focusing on capacity upgradation to improve operating efficiencies   Result Synopsis India Cement (ICEM) reported poor performance in this quarter. EBITDA came at a loss of Rs471mn due to +13% y/y surge in total cost, while revenue growth of +5% y/y was inadequate to mitigate the impact in Q4FY23. Similarly, the unprecedented surge in fuel prices and higher OPC sales coupled with inefficient capacities resulted in EBITDA loss of Rs1.4bn in FY23. The reported revenue growth was p...
Sell India Cements Ltd For Target Rs.167 - Yes Securities Ltd
Sell India Cements Ltd For Target Rs.167 - Yes Securities Ltd
Source: Yes Securities Ltd
9/06/2023 2:53:34 PM
Stock Picks : TCS Ltd and India Cement Ltd By ICICI Direct TCS Ltd Buy TCS Ltd @3228.00-3234.00 CMP 3230.70; Target 3278.00; Stop Loss 3198.30   India Cement Ltd Buy India Cement Ltd @190.30-190.80 CMP 191.20; Target 193.50; Stop Loss 188.60   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   A...
Stock Picks : TCS Ltd and India Cement Ltd By ICICI Direct
Stock Picks : TCS Ltd and India Cement Ltd By ICICI Direct
Source: ICICI Direct
8/05/2023 10:57:55 AM
Cement stocks gain as Govt to consider review of 28% GST levied on cement Stocks related to the cement industry gained on the BSE, after Finance Minister Nirmala Sitharaman said that the government will consider a review of the 28 per cent Goods and Services Tax (GST) levied on cement. JK Cement is currently trading at Rs. 2744.45, up by 109.20 points or 4.14 % from its previous closing of Rs. 2635.25 on the BSE. The India Cements is currently trading at Rs. 193.60, up by 5.60 points or 2.98% from its previous closing of Rs. 188.00 on the BSE. Ultratech Ce...
Cement stocks gain as Govt to consider review of 28% GST levied on cement
Cement stocks gain as Govt to consider review of 28% GST levied on cement
Source: Accord Fintech
8/02/2023 3:26:59 PM
Sell India Cements Limited For Target Rs.160 - Motilal Oswal Financial Services Profitability remains under pressure Higher net profit attributed to exceptional gain on sale of investment * India Cements (ICEM) posted an operating loss of INR696m in 3QFY23 (v/s our estimate of INR242m operating loss) owing to higher-than-estimated opex and lower-than-estimated improvement in cement realization. Net loss (adjusted for profit on sale of investment of INR3b) stood at INR1.4b (v/s our estimate of INR920m net loss) during the quarter. * Management is focusing on redu...
Sell India Cements Limited For Target Rs.160 - Motilal Oswal Financial Services
Sell India Cements Limited For Target Rs.160 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
4/02/2023 12:58:18 PM
Subsidiary sale boosts India Cements net Aided by Rs 294.28 crore profit on sale of investments, cement major India Cements Ltd closed Q3 of FY23 with a net profit of Rs 90.73 crore. In a regulatory filing India Cements on Friday said it closed the quarter ended December 31, 2022 with a revenue from operations of Rs 1,219.46 crore (Q3FY22 Rs 1,108.46 crore) and a net profit of Rs 90.73 crore (Rs 3.30 crore). The exceptional income item of Rs 294.28 crore is the profit on sale of investments made in Springway Mining Private Ltd...
Subsidiary sale boosts India Cements net
Subsidiary sale boosts India Cements net
Source: IANS
3/02/2023 12:41:50 PM
India Cements `cements` 4 year wage agreement with its unions Cement major India Cements Ltd on Monday said it has inked a new wage agreement with its workers unions. The agreement was signed on Friday (January 13) by Vice-Chairman & Managing Director N. Srinivasan, and the representatives of the trade unions affiliated to the INTUC, the LPF, the CITU, the MDMK and internal unions in the company's plants, before Deputy Chief Labour Commissioner (Central), Chennai, P.Arunkumar, and Deputy Chief Labour Commissioner (Central), Hyderabad, D.Srini...
India Cements `cements` 4 year wage agreement with its unions
India Cements `cements` 4 year wage agreement with its unions
Source: IANS
24/01/2023 10:29:54 AM
Shree Cement to issue 2-month CP - traders - India’s Shree Cement plans to raise funds selling commercial papers maturing in two months, three merchant bankers said on Wednesday. The company will offer a yield of 6.78% on this issue, and has received commitments worth around 1 billion rupees ($12.29 million), the bankers said. The notes are rated A1+ by CRISIL. ($1 = 81.3800 Indian rupees)    
Shree Cement to issue 2-month CP - traders
Shree Cement to issue 2-month CP - traders
Source: IANS
18/01/2023 3:06:58 PM
Buy India Cements Ltd For Target Rs.146 - Yes Securities Ltd Performance missed on all front Result Synopsis India Cement (ICEM) continued its poor performance and reported an EBITDA loss of Rs762mn (v/s YSECe +Rs133mn) as total cost surged by 28% y/y (2% above YSECe) whereas revenue increased by 7% y/y (4% below YSECe). ICEM volume declined by 4% y/y but the sharp rise in NSR by 13% y/y translates to revenue growth of 7% y/y to Rs13.3bn. Jump in cost/te by (+34% y/y) due to unprecedented surge in power/te by 77% y/y (Rs2699; highest among peers)...
Buy India Cements Ltd For Target Rs.146 - Yes Securities Ltd
Buy India Cements Ltd For Target Rs.146 - Yes Securities Ltd
Source: Yes Securities Ltd.
30/12/2022 2:16:16 PM
Sell India Cements Ltd For Target Rs.180 - Motilal Oswal Financial Services Disappointing performance; higher OPEX hurts profitability Price hikes essential to improve margin * ICEM reported its historically lowest performance in 2QFY23, with an operating loss of INR912m (v/s our EBITDA estimate of INR44m) and a net loss of INR1.4b (est. loss of INR677m). * The management expects fuel costs to stay elevated in 2HFY23, given the time lag in the delivery of coal and petcoke after booking contracts. Hence, only price hikes will help improve margin in the near-t...
Sell India Cements Ltd For Target Rs.180 - Motilal Oswal Financial Services
Sell India Cements Ltd For Target Rs.180 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
24/11/2022 1:56:50 PM
Sell India Cements Ltd For Target Rs.140 - ICICI Securities Cost pressures cause a severe dent in margins India Cements’ (ICEM) Q2FY23 EBITDA at Rs0.9bn (down 164% YoY) was way below our / consensus estimates due to hit from higher input costs. Volume declined 4.5%/16% YoY/QoQ as ICEM withdrew dispatches to East and far East markets and low yielding areas of Maharashtra during Q2FY23. Total cost/te was up 33%/13% YoY/QoQ against increase in realisation by 10%/3% YoY/QoQ. This resulted in blended EBITDA/te reporting a sharp decline of 167% YoY...
Sell India Cements Ltd For Target Rs.140 - ICICI Securities
Sell India Cements Ltd For Target Rs.140 - ICICI Securities
Source: ICICI Securities
14/11/2022 11:44:34 AM
Tamil Nadu Government to go for medical, engineering education in Tamil medium: Amit Shah Batting for medical and engineering education in mother tongue, Union Home Minister Amit Shah on Saturday described the Tamil Nadu government's starting such courses as a great contribution to the language. Speaking at the Platinum Jubilee celebrations of cement major India Cements Ltd, Shah said medical and engineering education should be in Tamil and the state government should start that. Home Minister Shah said it will be easy for the students to study in their mother tongue and...
Tamil Nadu Government to go for medical, engineering education in Tamil medium: Amit Shah
Tamil Nadu Government to go for medical, engineering education in Tamil medium: Amit Shah
Source: IANS
12/11/2022 3:57:24 PM
India Cements posts Rs 137 cr loss, to increase price Impacted by high input prices, which it was not able to pass on, cement major India Cements Ltd closed second quarter of FY23 with a net loss of Rs 137.58 crore, a top company official said. He also said the situation was better now and price hikes could be carried out. The first quarter of FY24 would be better. For the Q2FY23, India Cements had logged an operational revenue of Rs 1,254.65 crore (Q2FY22 Rs 1,190.17 crore) and a net loss of Rs 137.58 crore (Rs 21.97 crore profit). &qu...
India Cements posts Rs 137 cr loss, to increase price
India Cements posts Rs 137 cr loss, to increase price
Source: IANS
7/11/2022 3:19:49 PM
JSW Cement to invest Rs 3,200 crore in MP, UP Chennai, Oct 11 JSW Cement on Tuesday said it will invest over Rs 3,200 crore to set up an integrated greenfield cement manufacturing facility in Madhya Pradesh as well as a split grinding unit in Uttar Pradesh. The combined cement capacity across both these units will be 5 million ton per annum (MTPA), the company said. The proposed investment includes an integrated cement plant with 2.5 MTPA clinker capacity, 2.5 MTPA grinding capacity, 15 MW Waste Heat Recovery System, a modern ...
JSW Cement to invest Rs 3,200 crore in MP, UP
JSW Cement to invest Rs 3,200 crore in MP, UP
Source: ians
11/10/2022 8:16:07 PM
Profitability of cement companies set to fall by 15% in FY23: Crisil Rating agency Crisil in its latest report has said that the operating profitability of cement companies is set to fall by 15 per cent year-on-year to Rs 900-925 per tonne this fiscal (FY23), adding to the pain of a 9 per cent decline last fiscal, as an increase in realisations will not be enough to offset the increase in prices of coal, petcoke and diesel that has pushed the average cost of production higher.  However, the report said 17 per cent demand growth in cement demand during ...
Profitability of cement companies set to fall by 15% in FY23: Crisil
Profitability of cement companies set to fall by 15% in FY23: Crisil
Source: Accord Fintech
27/09/2022 12:13:31 PM
Sell India Cements Ltd Target Rs.146 - Yes Securities Intact demand but inefficiencies ruined earnings   Result Synopsis India Cement (ICEM) reported operationally weak numbers, where EBITDA margin contracted to 2.6% in Q1FY23 (v/s YSEC est. 3.7%; lowest among peers). ICEM reported revenue beat of +13% to Rs15.1bn was mainly driven by +11% & +2% higher?than? expected volume & NSR of 2.7MT & Rs5667/te, respectively. EBITDA missed by 19% to Rs398mn, while declined by 37% q/q and 76% y/y due to unprecedented surge in pow...
Sell India Cements Ltd Target Rs.146 - Yes Securities
Sell India Cements Ltd Target Rs.146 - Yes Securities
Source: Yes Securities Ltd
16/08/2022 1:55:27 PM
India Cements PAT at Rs 76 crore, increases capacity utilisation Chennai, Aug 12 (IANS) Cement major India Cements closed the first quarter of FY23 with a higher net profit of Rs 76.09 crore. The company had posted a net profit of Rs 76.09 crore on operational revenue of Rs 1,454 crore, up from a net profit of Rs 37.42 crore on revenue of Rs 1,025.54 crore during the corresponding period of the previous year. The total comprehensive income for the company for the period under review stood at about Rs 80 crore. According to officials, the comp...
India Cements PAT at Rs 76 crore, increases capacity utilisation
India Cements PAT at Rs 76 crore, increases capacity utilisation
Source: IANS
12/08/2022 8:19:27 PM
India Cements acquires 100% stakes in Springway Mining Cement major India Cements Ltd on Tuesday said it has acquired the entire paid-up equity and preference share capital of Springway Mining Private Ltd for Rs 182.89 crore. In a regulatory filing, India Cements said the acquisition of the shares were completed on June 27, and Springway Mining is now a wholly-owned subsidiary. A dominant player in the southern markets, India Cements acquired Springway Mining to have a cement plant in Madhya Pradesh. Springway Mining was in the process o...
India Cements acquires 100% stakes in Springway Mining
India Cements acquires 100% stakes in Springway Mining
Source: IANS
29/06/2022 8:14:07 AM
Reduce India Cements Ltd Target Rs.146 - Yes Securities Low blending & steep cost rise, hits margin hard Result Synopsis India Cement (ICEM) reported weak performance with net loss of Rs106mn (v/s YSEC est. of net profit Rs345mn), While reported revenue (Rs14.2bn v/s YSEC est. Rs14.8bn) & EBITDA (Rs629mn v/s YSEC est. Rs1.55bn) decline of 4/62% y/y in Q4FY22. Weak performance was majorly due to the decline in 12% y/y volume (weak NSR of 2% q/q) due to extended monsoon coupled with steep surge in total cost/te by +18% y/y (+4% q/q) er...
Reduce India Cements Ltd Target Rs.146 - Yes Securities
Reduce India Cements Ltd Target Rs.146 - Yes Securities
Source: Yes Securities Ltd
30/05/2022 11:27:36 AM
India Cements to monetise land, increase price by Rs 55 per bag Cement major India Cements Ltd will monetise some of its land to settle its debt and for capital expenditure, said a top company official. He also said, in order to recover production costs that went up owing to drastic increase in coal prices, the company will be increasing the cement prices by Rs 55 per bag in three phases between June and July. Speaking to reporters here on Friday N. Srinivasan, Vice Chairman and Managing Director said the company would monetise surplus land for repa...
India Cements to monetise land, increase price by Rs 55 per bag
India Cements to monetise land, increase price by Rs 55 per bag
Source: IANS
27/05/2022 5:31:34 PM
India Cements trades higher on launching two new cement products The India Cements is currently trading at Rs. 215.95, up by 3.60 points or 1.70% from its previous closing of Rs. 212.35 on the BSE. The scrip opened at Rs. 217.00 and has touched a high and low of Rs. 217.25 and Rs. 213.05 respectively. So far 115637 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 259.90 on 14-Jan-2022 and a 52 week low of Rs. 154.85 on 19-Mar-2021. Last one week high and low of the scrip stoo...
India Cements trades higher on launching two new cement products
India Cements trades higher on launching two new cement products
Source: Accord Fintech
17/03/2022 12:01:27 PM
Buy India Cements Ltd Target Rs.225 - Sushil Finance We had initiated coverage on India Cements Ltd. with a Buy rating on December 17, 2021 at Rs.184 for a target price of Rs.225 showcasing an upside of ~22%. AT CMP, the stock has returned ~24% since our recommendation and is trading near our target price. With the recent runup in the share price, we now recommend our investors to book profits at the current price as we close our coverage on the company.   To Read Complete Report & Disclaimer Click Here   Please refer ...
Buy India Cements Ltd Target Rs.225 - Sushil Finance
Buy India Cements Ltd Target Rs.225 - Sushil Finance
Source: Sushil Finance Ltd
7/01/2022 1:53:20 PM
Neutral India Cements Ltd For Target Rs.200 - Motilal Oswal Volumes grow on lower base, but profitability under pressure Margins impacted by higher costs * India Cements (ICEM)’s 2QFY22 result was in line with our estimates, although earnings were under pressure due to higher costs. The lower base of last year aided volume growth of 12% YoY; this was offset by a 13% YoY increase in opex/t, leading to a 49.2% YoY drop in blended EBITDA/t. * We maintain our FY23E/FY24E estimates and Neutral rating on the stock as valuations at 12x/9.3x FY...
Neutral India Cements Ltd For Target Rs.200 - Motilal Oswal
Neutral India Cements Ltd For Target Rs.200 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
1/01/2022 10:53:36 AM
Sell India Cements Ltd For Target Rs.145 - ICICI Securities Cost inflation impacts profitability India Cements’ (ICEM) Q2FY22 EBITDA at Rs1.4bn (down 43% YoY) was broadly in line with our estimates but below consensus. Volume increase was higher at 21% QoQ and 12% YoY, while blended EBITDA/te declined 49% YoY to Rs580/te (I-Sec: Rs647/te) as cement realisation (including RMC) declined 1% YoY (down 4% QoQ) and total cost/te was up 13% YoY (up 1% QoQ). While investor concern around sharp cost increases seems valid, industry has demonstrated str...
Sell India Cements Ltd For Target Rs.145 - ICICI Securities
Sell India Cements Ltd For Target Rs.145 - ICICI Securities
Source: ICICI Securities Ltd
20/12/2021 9:13:04 AM
Buy India Cement Ltd For Target Rs.225 - Sushil Finance Strong position in Southern India where there is traction in demand: ICL is one of the leading cement producers in Southern India, with total regional capacity of 12.95 MTPA which also happens to be the key market for the company as they sell nearly two-thirds of their production in the Southern states of India. Andhra Pradesh and Telangana governments have been highly focused on infrastructure projects and housing for all schemes; this along with increased public spending on rural infrastruc...
Buy India Cement Ltd For Target Rs.225 - Sushil Finance
Buy India Cement Ltd For Target Rs.225 - Sushil Finance
Source: Sushil Finance Ltd
18/12/2021 9:31:13 AM
Reduce India Cements Ltd For Target Rs.205 - Yes Securities PFF cost erodes profitability Our view Seasonal demand weakness in its core market (South), along with the inflating input cost and higher lead distance, weighs Q2FY22 performance. However, demand is likely to rebound with the passing out monsoon, while ICEM market share in the South might fall (new capacities of TRCL – key competitor) led by the peer capacity expansion. With no considerable amount of CAPEX under the pipeline, the ICEM debt reduction focus would continue. The Satn...
Reduce India Cements Ltd For Target Rs.205 - Yes Securities
Reduce India Cements Ltd For Target Rs.205 - Yes Securities
Source: Yes Securities Ltd
16/11/2021 10:59:47 AM
Sell India Cements Ltd For Target Rs.145 - ICICI Securities Weak quarter India Cements’ (ICEM) Q1FY22 EBITDA at Rs1.6bn (up 4% YoY) was below our / consensus estimates owing to lower volumes and profitability. Volume decline was higher at 35% QoQ; while blended EBITDA/te declined 24% YoY to Rs849/te (I-Sec: Rs996/te). While cement realisation (including RMC) increased 8% QoQ (flat YoY), total cost/te increase was higher at 6% QoQ (5% YoY). Factoring lower volumes / profitability, we cut our FY22E-FY23E EBITDA by 6-10%, and reduce our targe...
Sell India Cements Ltd For Target Rs.145 - ICICI Securities
Sell India Cements Ltd For Target Rs.145 - ICICI Securities
Source: ICICI Securities
5/10/2021 9:40:04 AM
Neutral India Cements Ltd For Target Rs.190 - Motilal Oswal Weak volumes remain a key concern Margins impacted by higher costs * India Cements (ICEM)’s 1QFY22 EBITDA was 18% below estimate, weighed by higher costs and lower volumes. Utilization stood at just 50% in 1QFY22. * We revise down our FY22E/FY23E EPS by 7%/7%, factoring in weaker volumes and higher costs. ICEM trades at 10.3x FY23E EV/EBITDA, which is fair, in our view, given its strong presence in South. We maintain Neutral.   EBITDA misses estimates by 18% on lower...
Neutral India Cements Ltd For Target Rs.190 - Motilal Oswal
Neutral India Cements Ltd For Target Rs.190 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
28/09/2021 10:11:20 AM
Reduce India Cements Ltd For Target Rs.167 - Yes Securities Our view and valuation: Subdued volumes and poor operating metrics * India cements has delivered subdued volume/EBITDA growth of 32.2%/5.4%YoY growth compared to peers in industry aided by higher net realization and lower clinker cost. ICEM reported volumes of 1.89MT for the quarter due to stricter restriction in southern India. Blended NSR/te came in at Rs5536/te. * Currently, at CMP of Rs178/share, company trades at Rs5113 ($68) of FY23E EV/tonne due to subdued volumes and cost metric...
Reduce India Cements Ltd For Target Rs.167 - Yes Securities
Reduce India Cements Ltd For Target Rs.167 - Yes Securities
Source: Yes Securities Ltd
13/08/2021 11:05:05 AM
Sell India Cements Ltd For Target Rs. 150 - ICICI Securities Leverage remains high India Cements’ (ICEM) Q4FY21 EBITDA at Rs2.1bn (up 1.5x YoY) was broadly inline with consensus estimates. Cement realisation (including RMC) remained flat QoQ, while total cost/te was up 5% QoQ resulting in EBITDA/te declining 21% QoQ to Rs701/te. Net debt declined Rs5.6bn in FY21 to Rs30bn. We broadly maintain our FY22-23E EBITDA, but raise FY22-23E PAT by ~25% owing to lower debt and raise target price to Rs150/sh (earlier: Rs120) based on unchanged 7x FY23EV/...
Sell India Cements Ltd For Target Rs. 150 - ICICI Securities
Sell India Cements Ltd For Target Rs. 150 - ICICI Securities
Source: ICICI Securities
23/06/2021 11:13:44 AM
Neutral India Cements Ltd For Target Rs.185 - Motilal Oswal Deleveraging to continue in absence of capex Better utilization awaited * India Cements (ICEM)’s 4QFY21 EBITDA came in 4% below estimate due to higher costs. This was partly attributable to higher selling in the faraway markets of East and Central, which offset weaker demand in South – the company’s core market. Capacity utilization stood at just 57% in FY21. * Net debt declined 15% YoY to INR30.0b in FY21 as the company repaid INR5.3b worth of debt on strong OCF a...
Neutral India Cements Ltd For Target Rs.185 - Motilal Oswal
Neutral India Cements Ltd For Target Rs.185 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
18/06/2021 9:34:36 AM
Key News - DHFL, Bharti Airtel Ltd, Liberty Steel, Grasim Industries Ltd, Barbeque Nation Hospitality Ltd, India Cements Ltd by ARETE Securities Key News DHFL resolution: Lenders move NCLAT against Kapil Wadhawan's offer Reserve Bank of India (RBI)-appointed administrator and the lenders to Dewan Housing Finance (DHFL) have moved National Company Law Appellate Tribunal (NCLAT) against the order of the Mumbai Bench of the National Company Law Tribunal (NCLT) that directed the committee of creditors (CoC) to examine the offer of the erstwhile promoter on merit, said sources. The Piramal Group, whose resolution plan was approve...
Key News - DHFL, Bharti Airtel Ltd, Liberty Steel, Grasim Industries Ltd, Barbeque Nation Hospitality Ltd, India Cements Ltd by ARETE Securities
Key News - DHFL, Bharti Airtel Ltd, Liberty Steel, Grasim Industries Ltd, Barbeque Nation Hospitality Ltd, India Cements Ltd by ARETE Securities
Source: ARETE Securities Ltd
25/05/2021 8:52:36 AM
India Cements Ltd posts Q4 net profit of Rs 71.63 cr The company reported standalone net profit during the quarter stood at Rs 71.63 crore compared to net loss of Rs 111.07 crore in the previous year quarter. Net revenue of the company rose substantially by 25.85 per cent at Rs 1,449.62 crore in January-March quarter of this fiscal as against Rs 1,151.90 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 15.18 per cent to Rs 1,249.10 crore from Rs 1,084.45 crore in year ago period. Othe...
India Cements Ltd posts Q4 net profit of Rs 71.63 cr
India Cements Ltd posts Q4 net profit of Rs 71.63 cr
Source: Dion Global Solutions Ltd
24/05/2021 2:53:43 PM
Sell India Cements Ltd For Target Rs. 120 - Emkay Global Sustaining higher cement prices is vital * Q3 results beat our estimates on higher-than-expected volumes (down 10.3% yoy vs. estimate of 12% decline) and lower opex. EBITDA came in at Rs2.15bn vs. our estimate of Rs2.05bn and OPM stood at 18.5% vs. estimated 18.1%. * Key positives: 1) Rs26/ton qoq decline in variable cost despite increase in petcoke/fuel price; 2) lower-than-estimated sales volume drop; 3) lower fixed costs - Rs1.5bn vs. Rs1.95bn in Q3FY20. Key negatives: 1) Realization...
Sell India Cements Ltd For Target Rs. 120 - Emkay Global
Sell India Cements Ltd For Target Rs. 120 - Emkay Global
Source: Emkay Global Financial Services Ltd
30/01/2021 11:49:28 AM
India Cements Lt posts Q3 net profit of Rs 62.02 cr The company reported standalone net profit during the quarter stood at Rs 62.02 crore compared to net loss of Rs 5.37 crore in the previous year quarter. Net revenue of the company declined marginally by 2.59 per cent at Rs 1,160.30 crore in October-December quarter of this fiscal as against Rs 1,191.12 crore in the corresponding period last year. During October-December quarter, operating expenses dropped by 11.05 per cent to Rs 945.10 crore from Rs 1,062.46 crore in year ago period. Other I...
India Cements Lt posts Q3 net profit of Rs 62.02 cr
India Cements Lt posts Q3 net profit of Rs 62.02 cr
Source: Dion Global Solutions Ltd
27/01/2021 12:35:46 PM