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India
As of 18 Sept 2026, 03:30 pm
India Cements announced on September 2, 2026, an equity investment of up to ₹14,06,27,240 in Amplus TN One Energy Private Limited to acquire a 0.26% stake. This investment is for a special purpose vehicle established to set up solar power projects with battery storage to supply renewable energy to the company's cement units in Andhra Pradesh and Telangana, aiming to meet green energy needs and optimize costs. The company is also seeking shareholder approval via postal ballot for the appointment of Mr. Tribhuwan Adhikari as a Non-Executive Nominee Director, representing the Life Insurance Corporation of India, effective August 7, 2026.
As of September 18, 2026, technical indicators suggest a bearish trend. The daily trend shows the closing price of ₹344.8 is below the 20-day Exponential Moving Average (EMA) of ₹356.25 and the 50-day EMA of ₹379.79. The Supertrend indicator is also in a bearish direction at ₹358.95. Similarly, the weekly and monthly trends also indicate a bearish Supertrend direction at ₹417.89 and ₹518.13, respectively.
India Cements' stock has experienced negative returns across various periods, including a -2.06% return in the last day, -8.0% in the last month, and -14.0% in the last year, as of September 18, 2026. The stock's closing price on this date was ₹344.8. Key technical levels to monitor include a pivot resistance at ₹348.55 and a support level at ₹337.7.
India Cements has informed the exchange about the record and redemption dates for its Commercial Paper series ICL CP I FY2027. The record date is September 22, 2026, and the redemption date is September 23, 2026.
As of 18 Sept 2026, 03:30 pm
Recent drawdown or price variability is high enough to warrant closer monitoring.
Primary driver: Price remains materially below a previous peak
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
Downward price movement of 2.66 standard deviations recorded on 2026-09-01.
Unusual market activity that may warrant review of the underlying price, volume, or news context.
Trading volume was unusually high, but the closing price did not show a clear directional move.
This indicates increased participation without a clear directional signal.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | ₹1,019.42 crore | PEAK₹1,228.65 crore | ₹1,114.26 crore | ₹1,117.04 crore | ₹1,024.74 crore |
| Expenses | ₹961.79 crore | PEAK₹1,174.79 crore | ₹1,134.03 crore | ₹1,135.64 crore | ₹1,042.19 crore |
| Exceptional Items Before Tax | -₹25.28 crore | -₹10.94 crore | -₹8.47 crore | PEAK-₹6.01 crore | -₹123.77 crore |
| Profit Before Tax | ₹35.80 crore | PEAK₹68.77 crore | -₹4.54 crore | ₹4.39 crore | -₹132.11 crore |
| Finance Costs | ₹26.15 crore | ₹23.38 crore | ₹24.10 crore | ₹25.27 crore | PEAK₹26.58 crore |
India Cements achieved a significant year-on-year profit recovery through a combination of reduced operating costs and sharply lower exceptional charges, while revenue held nearly steady. The company posted a pre-tax profit of ₹35.80 crore compared to a loss of ₹132.11 crore a year ago. The sequential decline from the March quarter reflects lower activity, but expenses fell at a faster rate than revenue, preserving positive profitability.
Exchange disclosures and regulatory announcements for India Cements.
The India Cements Limited has informed the National Stock Exchange of the record and redemption dates for its Commercial Paper series ICL CP I FY2027 (ISIN INE383A14072). The record date is September 22, 2026, and the redemption date is September 23, 2026.
India Cements Limited published newspaper advertisements on 12.09.2026 in Business Standard and Hindu Tamil Thisai, informing shareholders that a Postal Ballot Notice dated 09.09.2026 seeking approval on a special business item has been sent via email with remote e-voting details.
The India Cements Limited seeks shareholder approval via postal ballot for the appointment of Mr. Tribhuwan Adhikari (DIN: 10229197) as a Director liable to retire by rotation. The Board appointed him as Nominee Director representing Life Insurance Corporation of India, effective 7th August 2026, replacing Mr. Y. Viswanatha Gowd. Remote e-voting runs from 12th September 2026 to 11th October 2026, with results announced on or before 13th October 2026.
The India Cements Limited is seeking shareholder approval via postal ballot (voting ends 2026-10-11) for the appointment of Mr. Tribhuwan Adhikari (DIN: 10229197) as a Non-Executive Nominee Director, liable to retire by rotation, with a tenure from 2026-08-07 to 2029-08-06.
The India Cements Limited announced on September 2, 2026, an equity investment of up to Rs. 14,06,27,240 in Amplus TN One Energy Private Limited to acquire a 0.26% stake. The target entity is a special purpose vehicle established for setting up 41.80 MW solar power projects with battery storage to supply renewable energy to the company's cement units in Andhra Pradesh and Telangana. The acquisition aims to meet green energy needs and optimize costs, with completion expected within 180 days of executing relevant agreements.
On September 2, 2026, The India Cements Limited entered into Power Purchase Agreements and Share Subscription and Shareholders Agreements to acquire a 26% equity stake in Amplus TN One Energy Private Limited for a cash consideration of up to Rs. 14,06,27,240. The target entity, incorporated on June 6, 2024, operates as a special purpose vehicle for establishing 41.80 MW solar power projects with Battery Energy Storage Systems to supply renewable energy to four cement manufacturing units in Andhra Pradesh and Telangana. The acquisition aims to meet green energy needs, optimize costs, and comply with captive power consumption regulations, with completion expected within 180 days of agreement execution.
The India Cements Limited announced a trading window closure from October 1, 2026, to October 19, 2026, to facilitate the declaration of unaudited financial results for the quarter and half-year ending September 30, 2026. The closure will remain in effect until 48 hours after the announcement of these results.
Board Meeting Intimation |Meeting Date: 17-Oct-2026
Recent market and company developments associated with India Cements.
ACC, Ambuja Cements, India Cements and Shree Cement from the cement sector hit their respective 52-week lows.
Indian investors will focus on RBL Bank, Power Grid, Paisalo Digital, NHPC, ICICI Bank, India Cements, and Meesho after recent announcements.
Comprehensive Section Breakdown for India Cements
Strategic Vision: Manufactures and markets cement and related products in India.
Category: Manufacturing
The company produces various grades of Portland cement, including Ordinary Portland Cement (OPC) and Portland Pozzolana Cement (PPC).
Category: Manufacturing
The business supplies ready-mix concrete (RMC) and aggregates to support regional construction and infrastructure projects.
• Operational footprint in Southern India
India Cements swung from a pre-tax loss of ₹132.11 crore in the same quarter last year to a pre-tax profit of ₹35.80 crore in the current quarter. This improvement occurred despite revenue remaining nearly unchanged, as total expenses fell by over ₹80 crore and exceptional losses narrowed by nearly ₹100 crore. The company maintained positive profitability even as activity declined from the preceding quarter.
Revenue from operations was ₹1,019.42 crore in Q1 FY2026-27, essentially flat compared to ₹1,024.74 crore in Q1 FY2025-26, a decline of just 0.52%. By contrast, total expenses fell by ₹80.40 crore or 7.71%, from ₹1,042.19 crore to ₹961.79 crore. The divergence between static revenue and meaningfully lower costs was the principal operating factor behind the profit improvement.
The gap between revenue and expenses shifted from a negative ₹17.45 crore in the prior year to a positive ₹57.63 crore in the current quarter. This operating improvement of ₹75.08 crore, combined with the reduction in exceptional charges, accounted for the majority of the year-on-year profit swing.
Profit before tax was ₹35.80 crore compared to a loss of ₹132.11 crore in the year-ago quarter, an improvement of ₹167.91 crore.
Two developments account for most of this change. First, the operating result improved by ₹75.08 crore as expenses declined faster than revenue. Second, exceptional items before tax narrowed from a charge of ₹123.77 crore to ₹25.28 crore, contributing ₹98.49 crore to the profit improvement.
Other income was ₹3.45 crore in the current quarter. The combination of these factors transformed a significant loss into a profit position.
Compared to Q4 FY2025-26, revenue declined by ₹209.23 crore or 17.03%, from ₹1,228.65 crore to ₹1,019.42 crore. Total expenses fell by a proportionally larger ₹213.00 crore or 18.13%, from ₹1,174.79 crore to ₹961.79 crore. The expense decline outpaced the revenue decline, allowing the company to remain profitable despite the lower activity level.
Profit before tax fell from ₹68.77 crore in Q4 to ₹35.80 crore in Q1, a decline of ₹32.97 crore or 47.94%. Exceptional items before tax increased from a charge of ₹10.94 crore in Q4 to ₹25.28 crore in Q1, which amplified the sequential decline in reported profitability.
Total expenses in the current quarter were ₹961.79 crore. The largest reported component was cost of materials consumed at ₹246.17 crore. Depreciation and amortisation amounted to ₹71.94 crore, employee benefit expenses were ₹47.63 crore, and finance costs were ₹26.15 crore. Changes in inventories of finished goods and work in progress contributed a negative ₹12.51 crore, reflecting an increase in inventory levels during the quarter.
Finance costs have remained in a narrow range over the past five quarters, from ₹23.38 crore to ₹26.58 crore, with the current quarter's ₹26.15 crore near the upper end of that range.
Core Thesis: The company's operational footprint in Southern India supports its manufacturing and distribution network.
• Manufacturing Footprint: The company operates multiple cement plants and grinding units in Southern India. • Distribution Network: It distributes cement to dealers, institutional buyers, and infrastructure developers through a logistics network of road and rail transport.