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India Cements Shares Drop 4% Despite Strong Q2 Results As UltraTech Commentary Awaited
- •Shares of India Cements declined 4% to trade at ₹290.15 despite reporting an improved set of financial results for the second quarter.
- •Profit after tax surged 341% to ₹38.82 crore and EBITDA increased to ₹144.33 crore driven by operational efficiencies and higher capacity utilization.
- •Revenue rose 2% year-on-year to ₹1,142.03 crore while sales volumes grew 16.2% to 2.83 million tonnes.
- •The company plans to expand its total capacity from 14.5 MT to 17.6 MT by financial year 2028 with ongoing upgradation projects.
- •Investors remain cautious and are awaiting further commentary from parent company UltraTech Cement.
Key Questions Answered
India Cements reported a surge in its second-quarter profit after tax (PAT) to ₹38.82 crore, up 341% from ₹8.81 crore in the year-ago period, while EBITDA increased to ₹144.33 crore from ₹81.14 crore. Revenue also rose by 2% to ₹1,142.03 crore, driven by operational efficiencies and an increase in capacity utilization.
India Cements is looking at adding 3.10 MT of capacity by financial year 2028, which will take its overall figure from 14.5 MT to 17.6 MT. Upgradation projects have already started across its plants and are expected to continue through the third and fourth quarters.
Shares of India Cements declined 4% to trade at ₹290.15 on Monday, October 19, 2026, as investors awaited commentary from its parent company, UltraTech Cement. The stock has faced downward pressure, falling 16% in the past month and 33.5% over the year.
