India Cements on Saturday reported a consolidated net profit at Rs 19 crore in the March ended quarter versus a loss of Rs 50 crore in the year-ago period. The company reported Q4FY25 revenue of Rs 1,197 crore, which was down by 3% over Rs 1,235 crore posted by the company in the corresponding quarter of the previous financial year.
The company's board also approved the draft Scheme of Amalgamation of ICL Financial Services Limited, ICL Securities Limited, ICL International Limited and India Cements Infrastructures Limited with The India Cements Limited. The transferor companies are wholly owned subsidiaries of the India Cements.
The appointed date of the Scheme is January 1, 2025, a company filing said.
The scheme will be subject to necessary statutory and regulatory approvals, including sanction by the National Company Law Tribunal.
While India Cements swung to black on a YoY basis, the company saw an 84% drop in its profit after tax (PAT) on the QoQ basis. It had reported a PAT of Rs 117 crore in Q3FY25.
Meanwhile, the topline rose 27% sequentially versus Rs 941 crore in the October-December quarter.
Also read: Cholamandalam Investment and Finance reports Q4 consolidated PAT at Rs 1,259.54 cr
The company managed to keep a check on its expenses in the quarter under review at Rs 1,313 crore, marginally down from Rs 1,319 crore in the year ago period. Sequentially it was up by over 4% versus Rs 1,259.53 crore.
The company's board also approved the draft Scheme of Amalgamation of ICL Financial Services Limited, ICL Securities Limited, ICL International Limited and India Cements Infrastructures Limited with The India Cements Limited. The transferor companies are wholly owned subsidiaries of the India Cements.
The appointed date of the Scheme is January 1, 2025, a company filing said.
The scheme will be subject to necessary statutory and regulatory approvals, including sanction by the National Company Law Tribunal.
While India Cements swung to black on a YoY basis, the company saw an 84% drop in its profit after tax (PAT) on the QoQ basis. It had reported a PAT of Rs 117 crore in Q3FY25.
Meanwhile, the topline rose 27% sequentially versus Rs 941 crore in the October-December quarter.
Also read: Cholamandalam Investment and Finance reports Q4 consolidated PAT at Rs 1,259.54 cr
The company managed to keep a check on its expenses in the quarter under review at Rs 1,313 crore, marginally down from Rs 1,319 crore in the year ago period. Sequentially it was up by over 4% versus Rs 1,259.53 crore.
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