INDIACEM2023-07-012023-09-30 INDIACEM2023-07-012023-09-30 INDIACEM2023-07-012023-09-30in-bse-fin:OneOperatingExpenses01Member INDIACEM2023-07-012023-09-30in-bse-fin:OneOperatingExpenses02Member INDIACEM2023-07-012023-09-30in-bse-fin:OneOperatingExpenses03Member INDIACEM2023-07-012023-09-30in-bse-fin:FourOperatingExpenses01Member INDIACEM2023-07-012023-09-30in-bse-fin:FourOperatingExpenses02Member INDIACEM2023-07-012023-09-30in-bse-fin:FourOperatingExpenses03Member INDIACEM2023-09-30 INDIACEM2023-07-012023-09-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member INDIACEM2023-07-012023-09-30in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member INDIACEM2023-07-012023-09-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member INDIACEM2023-07-012023-09-30in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 530005 INDIACEM NOTLISTED The India Cements Limited Equity 2023-04-01 2024-03-31 2023-11-01 2023-10-25 INR Crores Half yearly 09:30:00 11:00:00 2023-11-01 2023-11-01 true Cash Flow Indirect Not applicable Single segment Cement 2023-07-01 2023-09-30 Unaudited Consolidated 12643900000.00 80200000.00 12724100000.00 2430400000.00 165300000.00 -5900000.00 1001300000.00 603900000.00 549900000.00 9008700000.00 13753600000.00 -1029500000.00 0.00 -1029500000.00 0.00 -174100000.00 -174100000.00 0.00 -855400000.00 0.00 0.00 0.00 54700000.00 -800700000.00 8700000.00 -792000000.00 0.00 0.00 0.00 0.00 3099000000.00 10 -2.56 -2.56 0.00 0.00 -2.56 -2.56 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 October 2023 and 01st November 2023 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 31.08.2016 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 25-07-2018 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 5-10-2018 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 is continuing its initiatives to improve operating efficiencies. In this regard, steps towards modernization as well as measures to address efficiencies are underway. The company is continuing its efforts towards monetizing some of the non-core assets as well as raising the required additional funds. 6.The company entered into binding 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. The Company has received entire consideration relating to its lands and the aggregation of third-party lands has since been completed.  Further these lands are required to be converted 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 amounting to Rs. 42.81 Crores in the results for the period under review. 7. The Company has received a claim from the Government of Tamil Nadu pertaining to mining operations in the earlier years amounting to Rs.13.59 Crores. The company is evaluating its options in this regard and hence no provision has been made in the financial results for the period.  8. (i) The Statutory Auditors have carried out a limited review of the financial results for the quarter and Half year ended 30th September 2023. (ii) The previous periods' figures have been regrouped to confirm to Current period's required classification. for THE INDIA CEMENTS LIMITED N.SRINIVASAN Vice Chairman & Managing Director Chennai 1st November 2023 Single segment 2023-04-01 2023-09-30 Unaudited Consolidated 27011300000.00 151500000.00 27162800000.00 5164500000.00 397300000.00 269700000.00 1939100000.00 1185700000.00 1094400000.00 19113800000.00 29164500000.00 -2001700000.00 0.00 -2001700000.00 0.00 -410500000.00 -410500000.00 0.00 -1591200000.00 0.00 0.00 0.00 -83500000.00 -1674700000.00 -2800000.00 -1677500000.00 0.00 0.00 0.00 0.00 3099000000.00 10 -5.41 -5.41 0.00 0.00 -5.41 -5.41 Other Expenses 1978400000.00 Power and Fuel 4537800000.00 Transportation & Handling 2492500000.00 Other Expenses 3713600000.00 Power and Fuel 9969000000.00 Transportation & Handling 5431200000.00 244400000.00 65907900000.00 3707300000.00 0.00 690900000.00 560100000.00 0.00 0.00 0.00 3211600000.00 0.00 1350400000.00 1284100000.00 5846100000.00 0.00 2811400000.00 79523700000.00 7154100000.00 36100000.00 8516000000.00 716600000.00 0.00 9755500000.00 1072400000.00 20096600000.00 182800000.00 4752600000.00 32186100000.00 672000000.00 0.00 112381800000.00 3099000000.00 53240300000.00 56339300000.00 56583700000.00 16203500000.00 0.00 57500000.00 16261000000.00 1732700000.00 2432500000.00 0.00 5438100000.00 25864300000.00 12052200000.00 13835200000.00 942000000.00 26829400000.00 2467800000.00 594300000.00 42300000.00 0.00 29933800000.00 0.00 0.00 55798100000.00 112381800000.00 1157400000.00 692500000.00 -270700000.00 0.00 447700000.00 0.00 -289500000.00 -465300000.00 0.00 511300000.00 0.00 477000000.00 -65500000.00 1094400000.00 0.00 11700000.00 -2000000.00 -33900000.00 7500000.00 0.00 0.00 93600000.00 0.00 0.00 0.00 0.00 0.00 0.00 17700000.00 3196700000.00 1195000000.00 0.00 0.00 0.00 90100000.00 0.00 1104900000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 29200000.00 7100000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 93600000.00 0.00 1098800000.00 0.00 1214500000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1009200000.00 2170700000.00 0.00 0.00 0.00 1090000000.00 0.00 0.00 -2251500000.00 67900000.00 0.00 67900000.00 648700000.00 716600000.00 Items that will not be reclassified to Profit / (Loss) 12800000.00 Items that will not be reclassified to Profit / (Loss) 7900000.00 12800000.00 7900000.00 3200000.00 4500000.00 Items that will be reclassified to Profit / (Loss) -900000.00 Items that will be reclassified to Profit / (Loss) -6200000.00 -900000.00 -6200000.00 0.00 0.00