India Cements Limited (NSE: INDIACEM) is one of the leading cement manufacturers in India. The company was founded in 1946 and is headquartered in Chennai, Tamil Nadu. India Cements has a strong presence in southern and eastern India, with a total production capacity of 15.5 million tonnes per annum. The company has a diversified product portfolio consisting of cement, ready-mix concrete, and other construction materials. India Cements markets its products under the brand name “Coromandel King” and “Sankar Sakthi”.
In terms of earnings, Revenue from Operations for Q3 FY23 was ₹1,281 crore, a 10% increase from ₹1,160.63 crore in the same period last year. The third quarter’s other income, which contributed ₹11.26 Crore to the Total Revenue. Meanwhile, the Profit Before Tax improved to ₹134.63 Crore from ₹14.85 Crore from the same quarter previous year. The Consolidated Net Profit was ₹111.22 crore, surged from ₹13 crore in the same quarter last year. This quarter’s earnings per share was ₹4.24.