INDIA CEMENTS LTD.

India Cements Ltd announced that its Board of Directors has approved the shifting of the company's registered office from Tamil Nadu to Maharashtra. This decision, made during a board meeting on October 17, 2026, is subject to shareholder and regulatory approvals. The Memorandum of Association will be consequently altered. The board meeting was brief, commencing at 3:15 PM and concluding at 3:40 PM.

India Cements Limited announced the outcome of its Board Meeting, approving the Unaudited Standalone and Consolidated Financial Results for the quarter and half-year ended September 30, 2026. The results were reviewed by the auditors and will be available on the company's website. The meeting took place on October 17, 2026.

India Cements' consolidated PAT for Q2 FY27 (quarter ended 30 September 2026) came in at ₹38.82 Cr, up 340.6% YoY from ₹8.81 Cr and up 44.6% QoQ from ₹26.85 Cr, on revenue of ₹1,142.03 Cr (+2.2% YoY, +12.0% QoQ). EPS was ₹1.25 against ₹0.28 a year ago. The YoY jump is flattered by an unusually thin base: the year-ago quarter carried a ₹6.01 Cr exceptional charge offset by a deferred-tax credit; normalising both on a consistent tax basis, underlying YoY PAT growth is actually higher, at roughly 402%, since this quarter carries no exceptional item at all (vs ₹25.28 Cr in Q1 FY27 and ₹6.01 Cr a year ago). Either way the direction is the same — large, base-effect-adjusted profit growth as the company works through FY26's UltraTech-integration turnaround — but the headline multiple says more about how thin the comparison base was than about a step-change in the business this quarter. Margins tell a more measured story than the PAT headline. Consolidated OPM was 12.64% this quarter, essentially flat against Q1 FY27's 12.80% (down 16 bps) and well above the year-ago 6.73%; NPM rose to 3.39% from 2.62% QoQ and 0.77% YoY. Crucially, pre-exceptional PBT actually fell 14.4% sequentially, to ₹52.28 Cr from ₹61.08 Cr in Q1 — the entire QoQ profit rise to ₹38.82 Cr is explained by Q2 carrying zero exceptional charges versus Q1's ₹25.28 Cr hit, not by any operating improvement. That lines up with India Cements' own Q1 commentary flagging Q2 as seasonally softer on monsoon and West Asia-linked cost pressure; the 44.6% QoQ PAT 'growth' is a one-off-driven artifact, not a margin-acceleration signal. Against our pre-result preview (EBITDA/tonne ~₹600-620/t, normalised PAT ₹50-70 Cr, revenue ₹800-900 Cr), the print is a revenue beat — ₹1,142 Cr against the ₹800-900 Cr estimate — while normalised profitability (PBT before exceptional items, ₹52.28 Cr) landed within the flagged ₹50-70 Cr band, nearer the low end; per-tonne EBITDA can't be independently verified from this filing since volumes aren't disclosed. No broker-specific Q2 estimate turned up beyond our own preview; full-year Street consensus (FY27 revenue ~₹5,340 Cr, EPS ₹9.20, 'Sell'-leaning rating, median target ₹402.50) is unchanged background rather than a quarter-specific check. Against management's FY26-concall guidance — 7-8% volume growth, double-digit FY27 growth, cost efficiency above ₹300/tonne, and leverage under 1x — this filing only confirms the balance-sheet leg: consolidated debt-equity is 0.16x and net worth ₹10,189 Cr, comfortably inside the <1x target; volume data isn't disclosed in this statement, so the 7-8% growth claim can't be verified here. Two long-running legal matters remain unresolved and unprovided for — a ₹187.48 Cr CCI penalty under Supreme Court review and a ₹120.34 Cr asset-attachment order from 2015 — both carried with auditor emphasis-of-matter notes but no P&L impact this quarter. The quarter's two renewable-energy stake purchases (26% in Amplus TN One Energy on 2 September, 3.62% in Zenataris Renewable Energy on 15 October) are too small to register in this P&L. The pre-result watch item on a ₹18.95 Cr environmental provision does not appear as a distinct line in this statement — H1 cash flow shows a ₹55.26 Cr 'Provision for Liabilities' that isn't broken out further — so it can't be confirmed as having materialised from this filing alone. No standalone management press release or commentary was available for this result beyond the regulatory filing itself.

India Cements Ltd has acquired a 3.62% equity share capital in Zenataris Renewable Energy Private Limited for a cash consideration of up to ₹20.90 Crore (₹209 Million). This strategic acquisition aims to meet the company's green energy needs, optimize energy costs, and comply with regulatory requirements for captive power consumption. Zenataris Renewable Energy, incorporated in 2018, is a Special Purpose Vehicle focused on developing and operating hybrid renewable energy projects. The acquisition is expected to be completed within 120 days from the execution of the agreements.

India Cements Ltd has announced the acquisition of a 26% equity share capital in Amplus TN One Energy Private Limited. This strategic move involves entering into Power Purchase Agreements and a Share Subscription and Shareholders Agreement. The acquisition is aimed at securing the company's green energy needs, optimizing energy costs, and complying with regulatory requirements for captive power consumption. Amplus TN One Energy is involved in the generation and transmission of renewable energy, specifically setting up a 41.80 MW (AC) solar power project with a Battery Energy Storage System. The total cost of acquisition is up to ₹14,06,27,240. The acquisition is expected to be completed within 180 days and is not a related party transaction.

India Cements Ltd has announced a board meeting scheduled for October 17, 2026, to approve the unaudited standalone and consolidated financial results for the quarter and half-year ending September 30, 2026. Concurrently, the company is closing its trading window for designated persons and their immediate relatives from October 1, 2026, until 48 hours after the results declaration, which is expected to be around October 19, 2026. This measure is in line with SEBI regulations and the company's internal code of conduct to prevent insider trading.

India Cements Ltd has announced that its Board of Directors will convene on October 17, 2026. The primary agenda for this meeting is to consider and approve the standalone and consolidated unaudited financial results for the quarter and half-year ending September 30, 2026. Additionally, the company has informed that the trading window for designated persons and their immediate relatives will be closed from October 1, 2026, until 48 hours after the declaration of these financial results, reopening on October 19, 2026. This measure is in accordance with the company's 'Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons'.

India Cements Ltd has announced a change in its official email address for investor communications. The old email ID, investor@indiacements.co.in, will be replaced by investor.indiacements@adityabirla.com, effective August 13th, 2026. All stakeholders are advised to update their records and use the new email address for all future correspondence. The company will also update this information on its website.

India Cements Ltd announced a significant turnaround in FY 2025-26, reporting profitability after its integration with UltraTech Cement and the Aditya Birla Group. The company achieved a total income of ₹4,581 crores, with improved operating margins attributed to stronger volumes, better realisations, and disciplined cost management. Sales volumes saw double-digit growth in cement dispatches, driven by increased plant utilisation across key regions. The migration to UltraTech brands, adoption of best practices, and a focus on cost efficiency were highlighted as key factors transforming the company's financial profile.

India Cements Ltd announced a change in its Directorate, with the Life Insurance Corporation of India (LIC) nominating Mr. Tribhuwan Adhikari as its Nominee Director. This change is effective from August 7, 2026. Mr. Adhikari replaces Mr. Y Viswanatha Gowd, whose term as Nominee Director expires on August 6, 2026. Mr. Adhikari brings over three decades of experience from LIC and its subsidiary, LIC Housing Finance Limited, where he currently serves as MD & CEO. The appointment is subject to shareholder approval. Mr. Adhikari is not debarred from holding a director position by any regulatory authority.