Chennai-headquartered The India Cements Ltd (India Cements) has reported a 3.8 per cent YoY drop operations revenue in 4QFY24-25, dropping to INR11.97bn (US$140m) from INR12.45bn in the same period last year.
Overall the company achieved a pre-tax loss of INR1.011bn, compared to INR330m in 4QFY23-2.
Total expenses rose by just 0.2 per cent YoY to INR13.19bn. The was a decline in employee benefit expenses by 8.75 per cent to INR893m while finance costs also fell by 25.312 per cent YoY to INR476m.
On the announcement shares in India Cements, which trade on the Mumbai-based BSE, dipped slightly by 0.75 per cent to INR285.80. India Cements is majority owned by UltraTech Cement but operates as an independent entity.
