India Cements shares plummet 9% after Q3 loss widens to Rs 428.84 crore

The shares of India Cements on Wednesday, January 22 cracked 9.1% to their day’s low of Rs 316.55 on the BSE after announcing its Q3 results for FY25, reporting a significant loss at Rs 428.84 crore. The company's standalone net loss for the quarter widened, witnessing a sharp increase from the Rs 16.51 crore loss reported in the same period of the previous year. Furthermore, the net sales of the company during the quarter also declined by 17.35% YoY to Rs 903.16 crore from Rs 1,081.88 crore in Q3 FY24. Profit Before Interest, Taxes, Depreciation, and Amortization (PBIDT) also witnessed a substantial decline, falling to Rs 177.79 crore from Rs 65.89 crore in the corresponding period of the previous financial year. Operationally, the company achieved a cement capacity utilisation of 57% during the quarter while the domestic sales volume grew 5% YoY on a consolidated basis. Stock Trading Maximise Returns by Investing in the Right Companies By - The Economic Times, Get Certified By India's Top Business News Brand View Program Stock Trading Market 104: Options Trading: Kickstart Your F&O Adventure By - Saketh R, Founder- QuickAlpha, Full Time Options Trader View Program Stock Trading Technical Analysis for Everyone - Technical Analysis Course By - Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities View Program Stock Trading Stock Markets Made Easy By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Renko Chart Patterns Made Easy By - Kaushik Akiwatkar, Derivative Trader and Investor View Program Stock Trading Market 101: An Insight into Trendlines and Momentum By - Rohit Srivastava, Founder- Indiacharts.com View Program Stock Trading Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading By - Rohit Srivastava, Founder- Indiacharts.com View Program Stock Trading Dow Theory Made Easy By - Vishal Mehta, Independent Systematic Trader View Program Stock Trading Market 103: Mastering Trends with RMI and Techno-Funda Insights By - Rohit Srivastava, Founder- Indiacharts.com View Program Stock Trading ROC Made Easy: Master Course for ROC Stock Indicator By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Heikin Ashi Trading Tactics: Master the Art of Trading By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program Stock Trading RSI Made Easy: RSI Trading Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Introduction to Technical Analysis & Candlestick Theory By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program In December 2024, UltraTech acquired 32.72% of the equity share capital of India Cements and the former’s aggregate shareholding in the Company has increased to 55.49%. Also read: Q3 results today: HDFC Bank, HUL among 50 companies to announce earnings India Cements share price performance In the past one year, the share price of India Cements increased significantly by 26.74%, however, the same has dropped by 9.25% in the last 6 months and by 11.46% in the last 3 months. Year-to-date (YTD), the stock has fallen by 15.45%. India Cements share price target Out of 6 analyst recommendations for India Cements on Trendlyne, 4 and 1 analyst(s) recommend a ‘strong sell’ and a ‘sell’ rating on the stock respectively, while 1 suggests holding it. The average target for the stock is Rs 225, with a 1-year downside target of 30%. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel )