India Cements Q1FY24 Results: Consolidated Loss of Rs. 87.40 Cr

India Cements Q1FY24 Results: Consolidated Loss of Rs. 87.40 Cr

India Cements Q1 results show revenue fell from 1493.66 crores to 1443.87 crores, a 3.33% decrease in growth. EPS down from ₹-7.40 to ₹-2.86, down by 00%.

First, Let’s Begin with Quarter-on-Quarter Basis:

India Cements shared its Q1 results on Monday. They earned 1443.87 crores in revenue this quarter, but that’s less than the 1493.66 crores they made last quarter. Unfortunately, the company’s growth decreased by 3.33 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was -87.40 crores, up/down from -226.90 crores in the previous quarter. Their quarter-to-quarter growth decreased by 61.48 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹-2.86, which is a decrease of 61.35% from the ₹-7.40 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 1443.87 crores this year (2023), which is 5.30 percent lower than last year’s total revenue of 1524.63 crores.

This year’s PAT (Profit After Tax) is -87.40 crores, which is also 9.28% lower than last year’s PAT of 79.98 crores.

The EPS (Earnings Per Share) for this year is ₹-2.86, which is 4.38% less than the EPS of ₹2.74 earned last year.

India Cements Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About India Cements:

India Cements Limited, headquartered in Chennai, is a prominent cement manufacturing company. It holds the 9th position among the largest cement companies in India based on revenue. The company is led by N. Srinivasan, the former chairman of the International Cricket Council and president of the Board of Control for Cricket in India. S. N. N. founded the company in 1946.

Download the Full PDF of India Cements Q1 Results: Click Here

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