Integrated Filing — IndAS

General information about company
Scrip Code	530005
NSE Symbol	INDIACEM
MSEI Symbol	NOTLISTED
ISIN	INE383A01012
Name of company	THE INDIA CEMENTS LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	26-Apr-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	03-Mar-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Single segment
Description of single segment	Cement
Start date and time of board meeting	26-Apr-2025   12:00:00
End date and time of board meeting	26-Apr-2025   13:10:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	No
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2023-08-07
Indicate Company website link for updated RPT policy of the Company	https://www.indiacements.co.in/uploads/investor/pdf/46456456POLICELATEARANSAMEND.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No
Not Applicable

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	11971300000	40884700000
	Other income	235300000	502700000
	Total income	12206600000	41387400000
2	Expenses
(a)	Cost of materials consumed	2524200000	8321200000
(b)	Purchases of stock-in-trade	10600000	30100000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	-264900000	235500000
(d)	Employee benefit expense	893900000	3756200000
(e)	Finance costs	476000000	2766500000
(f)	Depreciation, depletion and amortisation expense	748600000	2394300000
(f)	Other Expenses
1	Power and Fuel	4753700000	16569500000
2	Freight and Forwarding Expenses	2433500000	9136000000
3	Other Expenses	1615300000	6663100000
	Total other expenses	8802500000	32368600000
	Total expenses	13190900000	49872400000
3	Total profit before exceptional items and tax	-984300000	-8485000000
4	Exceptional items	-27000000	541300000
5	Total profit before tax	-1011300000	-7943700000
6	Tax expense
7	Current tax	0	0
8	Deferred tax	-254700000	-1268100000
9	Total tax expenses	-254700000	-1268100000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	-756600000	-6675600000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	-756600000	-6675600000
17	Other comprehensive income net of taxes	10100000	48918200000
18	Total Comprehensive Income for the period	-746500000	42242600000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	3099000000	3099000000
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve		93133600000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	-2.41	136.31
	Diluted earnings (loss) per share from continuing operations	-2.41	136.31
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	-2.41	136.31
	Diluted earnings (loss) per share from continuing and discontinued operations	-2.41	136.31
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		Notes: n1.The above Financial Results have been reviewed by the Audit Committee and approved by the nBoard of Directors at the meetings held on 26thApril 2025. n2.The Company is primarily engaged in manufacture and marketing of cement and cement related nproducts. The reportable segment is only cement. n3.During the quarter under review. Coromandel Electric Company Ltd and Coromandel Travels nLtd have ceased to be Subsidiaries and Coromandel Sugars Ltd, Raasi Cement Ltd and Unique nReceivable Management Pvt Ltd have ceased to be Associates of the company. n4. Certain assets of the Company having an aggregate carrying value of Rs.120.34 Crores were nattached by a statutory authority during 2015. The Company has already appealed against the nOrder of the said attachment and the matter is presently Sub judice. The Auditors have continued nto draw an emphasis on this matter in their Report n5. The Competition Commission of India (CCI) vide Its Order dated 31.08.2016 imposed a penalty nof Rs.187.48 Crores on the Company. The Company filed an appeal before COMPAT (Presently nNCLAT). The COMPAT in its interim order directed the Company to pay 10% of the penalty amount n(Rs 18.75 Crores) before granting stay which was deposited by the Company. NCLAT vide its order ndated 25th July, 2018 dismissed the appeal filed by the Company. Against this the Company has nfiled an appeal in the Supreme Court challenging the NCLAT order and the Supreme Court vide its nOrder dated 5th October,2018 admitted the Company's appeal and directed that the interim order npassed by the Tribunal in the matter, will continue. The Auditors have continued to draw an nemphasis on this matter in their Report. n6. Exceptional Items during the quarter represents Provision for diminution in value of vessel held nfor sale Rs.2.70 crores. n7. The Board in its meeting held on 26th April, 2025 approved amalgamation of the company's four nWholly owned Indian Subsidiaries, viz, ICL Securities Ltd, ICL Financial services Ltd, ICL nInternational Ltd and India Cements Infrastructures Ltd, with the company. The appointed date is n1st January, 2025. The above financial results do not include the impact of the ncontemplated amalgamation since the same is subject to regulatory approvals. n8.i) The Statutory Auditors have carried out audit of financial results for the quarter and year ended n31st March 2025. nii)The figures for the quarter ended 31st March.2025 and 31st March 2024 are the balancing nfigures between audited figures in. respect of the full financial year and year to date figures upto nthe third quarter of the relevant financial year. niii)The previous periods figures have been regrouped to conform to Current period's required nclassification.

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	114138400000
	Capital work-in-progress	1765800000
	Investment property
	Goodwill	0
	Other intangible assets	223000000
	Intangible assets under development
	Biological assets other than bearer plants
	Investments accounted for using equity method
	Non-current financial assets
	Non-current investments	1292600000
	Trade receivables, non-current
	Loans, non-current	687800000
	Other non-current financial assets	1282900000
	Total non-current financial assets	3263300000
	Deferred tax assets (net)
	Other non-current assets	485300000
	Total non-current assets	119875800000
2	Current assets
	Inventories	5556100000
	Current financial asset
	Current investments	11000000
	Trade receivables, current	6592100000
	Cash and cash equivalents	738200000
	Bank balance other than cash and cash equivalents	10300000
	Loans, current	0
	Other current financial assets	320500000
	Total current financial assets	7672100000
	Current tax assets (net)	538900000
	Other current assets	1612400000
	Total current assets	15379500000
3	Non-current assets classified as held for sale	1140900000
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	136396200000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	3099000000
	Other equity	93133600000
	Total equity attributable to owners of parent	96232600000
	Non controlling interest
	Total equity	96232600000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	10706300000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
	Total Trade payable
	Other non-current financial liabilities
	Total non-current financial liabilities	10706300000
	Provisions, non-current	1347600000
	Deferred tax liabilities (net)	5932300000
	Deferred government grants, Non-current
	Other non-current liabilities	5848300000
	Total non-current liabilities	23834500000
	Current liabilities
	Current financial liabilities
	Borrowings, current	945200000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	71800000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	9636000000
	Total Trade payable	9707800000
	Other current financial liabilities	4406500000
	Total current financial liabilities	15059500000
	Other current liabilities	1231300000
	Provisions, current	38300000
	Current tax liabilities (Net)
	Deferred government grants, Current
	Total current liabilities	16329100000
3	Liabilities directly associated with assets in disposal group classified as held for sale
4	Regulatory deferral account credit balances and related deferred tax liability
	Total liabilities	40163600000
	Total equity and liabilites	136396200000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Items that will not be reclassified to Profit / (Loss)	25900000	53794900000
	Total Amount of items that will not be reclassified to profit and loss	25900000	53794900000
2	Income tax relating to items that will not be reclassified to profit or loss	15800000	4876700000
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	10100000	48918200000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			-7943700000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			2723700000
	Adjustments for decrease (increase) in inventories			662200000
	Adjustments for decrease (increase) in trade receivables, current			187100000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			2750900000
	Adjustments for decrease (increase) in other non-current assets			2323800000
	Adjustments for other financial assets, non-current			51700000
	Adjustments for other financial assets, current			94800000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			-2493300000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			-620600000
	Adjustments for increase (decrease) in other non-current liabilities			1010800000
	Adjustments for depreciation and amortisation expense			2394300000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			-708200000
	Adjustments for provisions, non-current			-192900000
	Adjustments for other financial liabilities, current			3709000000
	Adjustments for other financial liabilities, non-current			-8800000
	Adjustments for unrealised foreign exchange losses gains			0
	Adjustments for dividend income			300000
	Adjustments for interest income			121800000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			0
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			-2071900000
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			-815800000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			8874700000
	Net cash flows from (used in) operations			931000000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			328900000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			602100000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			5007700000
	Purchase of property, plant and equipment			465600000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			3738600000
	Purchase of other long-term assets			700000
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			8898800000
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			300000
	Interest received			121800000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) investing activities	17300900000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			0
	Repayments of borrowings			14566300000
	Payments of lease liabilities			0
	Dividends paid			0
	Interest paid			2723700000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-17290000000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			613000000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			613000000
	Cash and cash equivalents cash flow statement at beginning of period			135600000
	Cash and cash equivalents cash flow statement at end of period			748600000