INDIACEM2023-10-012023-12-31 INDIACEM2023-10-012023-12-31 INDIACEM2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member INDIACEM2023-10-012023-12-31in-bse-fin:OneOperatingExpenses02Member INDIACEM2023-10-012023-12-31in-bse-fin:OneOperatingExpenses03Member INDIACEM2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member INDIACEM2023-10-012023-12-31in-bse-fin:FourOperatingExpenses02Member INDIACEM2023-10-012023-12-31in-bse-fin:FourOperatingExpenses03Member INDIACEM2023-12-31 INDIACEM2023-10-012023-12-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member INDIACEM2023-10-012023-12-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member INDIACEM2023-10-012023-12-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member INDIACEM2023-10-012023-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 530005 INDIACEM NOTLISTED The India Cements Limited Equity 2023-04-01 2024-03-31 2024-02-01 2024-01-22 INR Crores Third quarter 10:30:00 12:05:00 2024-02-01 2024-02-01 Not applicable Single segment Cement 2023-10-01 2023-12-31 Unaudited Consolidated 11444600000.00 293800000.00 11738400000.00 2066000000.00 319000000.00 146800000.00 878900000.00 603900000.00 580700000.00 7546200000.00 12141500000.00 -403100000.00 262100000.00 -141000000.00 0.00 -75200000.00 -75200000.00 0.00 -65800000.00 0.00 0.00 0.00 72500000.00 6700000.00 -8400000.00 -1700000.00 0.00 0.00 3099000000.00 10 0.00 0.00 0.00 0.00 0.00 0.00 1.The above Financial Results have been reviewed by the Audit Committee and approved by the Board of Directors at the meetings held on 31st January 2024 and 1st February 2024 respectively. 2.The Company is primarily engaged in manufacture and marketing of cement and cement related products. Subsidiaries and Associate companies are mainly engaged in the business of Sugar, Power, Financial Services, Trading, Mining and Transportation. The reportable segment is only cement. 3.Certain assets of the Company having an aggregate carrying value of Rs.120.34 Crores were attached by a statutory authority during 2015. The Company has already appealed against the Order of the said attachment and the matter is presently Sub judice. The Auditors have continued to draw an emphasis on this matter in their Report. 4.The Competition Commission of India (CCI) vide its Order dated 31st August, 2016 imposed a penalty of Rs.187.48 Crores on the Company. The Company filed an appeal before COMPAT (Presently NCLAT). The COMPAT in its interim order directed the Company to pay 10% of the penalty amount (Rs. 18.75 Crores) before granting stay which was deposited by the Company. NCLAT vide its order dated 25th July, 2018 dismissed the appeal filed by the Company. Against this the Company has filed an appeal in the Supreme Court challenging the NCLAT order and the Supreme Court vide its Order dated 5th October, 2018 admitted the Company’s appeal and directed that the interim order passed by the Tribunal in the matter, will continue. The Auditors have continued to draw an emphasis on this matter in their Report. 5.The Company has, based on the suggestions from experts, identified some initiatives to improve the operating efficiencies in its plants. The suggestions involve use of alternate materials as well as some additions / improvements in the existing machinery. The company has taken necessary steps for raising the funds for meeting the capital expenditure as mentioned above and also for augmenting the working capital. 6.The company during the quarter capitalised Cement Mill at Sankarnagar. 7.The company, during the quarter ended 30th September 2023, entered into agreements for sale of its Land admeasuring 73.75 Acres with certain agreed conditions precedent including aggregation of third-party lands to be made into a larger parcel of land and conversion of these lands into Industrial lands from its current classification. Pending completion of the conditions the company has not recognized the profit on sale of the said lands including fee for conversion into industrial lands aggregating to Rs. 42.81 Crores in the results. 8.(i) The company during the quarter sold the ship, m.v. Chennai Selvam, for a profit of Rs.26.21 crores and the same is disclosed as Exceptional item. (ii) On 8th January 2024, the company acquired a Panamax ship, m.v. Chennai Valarchi. 9.(i) The Statutory Auditors have carried out a limited review of the financial results for the quarter / nine months ended 31st December 2023. (ii) The previous periods figures have been regrouped to confirm to current periods required classification. Single segment 2023-04-01 2023-12-31 Unaudited Consolidated 38455900000.00 445300000.00 38901200000.00 7230500000.00 716300000.00 416500000.00 2818000000.00 1789600000.00 1675100000.00 26660000000.00 41306000000.00 -2404800000.00 262100000.00 -2142700000.00 0.00 -485700000.00 -485700000.00 0.00 -1657000000.00 0.00 0.00 0.00 -10900000.00 -1667900000.00 -11200000.00 -1679100000.00 0.00 0.00 3099000000.00 10 -5.42 -5.42 0.00 0.00 -5.42 -5.42 Other Expenses 1768000000.00 Power & Fuel 3627700000.00 Transportation & Handling 2150500000.00 Other Expenses 5481600000.00 Power & Fuel 13596700000.00 Transportation & Handling 7581700000.00 Items that will not be reclassified to profit and loss -9600000.00 Items that will not be reclassified to profit and loss -1700000.00 -9600000.00 -1700000.00 -2400000.00 2100000.00 Items that will be reclassified to profit and loss -1200000.00 Items that will be reclassified to profit and loss -7400000.00 -1200000.00 -7400000.00 0.00 0.00