India Cements sets board meeting date to declare Q1 results 2025. Details here
Cement maker India Cements has announced that its Board of Directors will convene on Saturday, July 19, 2025, to consider and approve the standalone and consolidated unaudited financial results for the quarter ended June 30, 2025.
"In terms of Regulation 29 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we write this to inform you that a meeting of our Board of Directors will be held on Saturday, 19th July, 2025, inter alia, to consider and approve the standalone and consolidated unaudited financial results of the Company for the quarter ending 30th June 2025," it said.
The upcoming board meeting will provide an important update on the company's performance in the first quarter of the financial year 2025–26, especially in light of its turnaround in the previous quarter. As investors and analysts await the Q1 results, the focus will likely be on sustainability of earnings and operational performance under the stewardship of its new parent company.
In line with its internal code of conduct and SEBI's guidelines to prevent insider trading, India Cements also announced the closure of the trading window from July 1, 2025. The window will remain shut for all designated persons, including insiders and their immediate relatives, until 48 hours after the Q1 results are publicly disclosed, i.e., until July 21, 2025. During this period, no trading in the company's securities will be permitted by persons having access to unpublished price-sensitive information.
India Cements, now a subsidiary of Aditya Birla Group's UltraTech Cement, posted a consolidated net profit of ₹ 14.68 crore for the March 2025 quarter, marking a turnaround from a net loss of ₹ 60.55 crore in the same quarter last year. However, revenue from operations saw a 3.11 percent year-on-year decline to ₹ 1,197.30 crore, compared to ₹ 1,235.74 crore in Q4FY24.
For the full fiscal year FY25, the company reported a narrower net loss of ₹ 143.88 crore, improving from a loss of ₹ 227.34 crore in FY24. The financial performance improvement is significant as it marks the company's efforts to stabilise operations after UltraTech Cement acquired the promoter's stake in December 2024, turning India Cements into its subsidiary.
India Cements shares have delivered stellar returns over the past year, surging 85 percent. The stock gained 3 percent in May, following an 11 percent rise in April and a 9.3 percent uptick in March. However, earlier months had been turbulent, with a 4 percent dip in February and a sharp 30 percent fall in January.
As of June 5, 2025, the cement stock was trading at ₹ 340.90, still about 11 percent below its 52-week high of ₹ 385.50 touched in July 2024. On the flip side, it has more than doubled from its 52-week low of ₹ 181.15, which was hit in June 2024.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Time of India
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For Rosneft, which is looking to exit from Nayara due to western sanctions limiting its ability to repatriate full earnings from India operations, a potential buyer could be one who has substantial earnings overseas or is an international company - both of which could make quick overseas payouts for the stake. Being a large exporter of fuel, Reliance has substantial overseas income, the sources said. While emails sent to Rosneft for comments remained unanswered, a Reliance spokesperson said, "As a policy, we do not comment on media speculation and rumours." "Our company evaluates various opportunities on an ongoing basis," the spokesperson said. "We have made and will continue to make necessary disclosures in compliance with our obligations under Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 and our agreements with the stock exchanges." Rosneft, which had in 2017 acquired Essar Oil in a USD 12.9-billion deal, is unable to get full financial benefits from its Indian operations, including repatriating earnings, due to international sanctions. Essar Oil was subsequently named Nayara Energy. The Russian giant sometime in 2024 decided to exit Nayara and began scouting for potential buyers. Alongside Rosneft, UCP Investment Group , a major Russian financial firm, is also selling its 24.5 per cent stake in Nayara. The rest of Nayara's ownership includes Trafigura Group (24.5 per cent) and a group of retail shareholders. If a deal is struck, Trafigura too may exit the venture within months on same terms, they said. The stake of Rosneft and UCP was offered to Reliance Industries, Adani Group, Saudi Aramco and state-owned ONGC/IOC combine among others. But the USD 20-billion valuation that Rosneft had put for Nayara was considered too steep a price by almost every potential investor. Adani Group politely declined the offer to invest in an oil refinery, which is considered a sunset business given the energy transition planned worldwide. Besides the asking price being too high, the conglomerate's understanding with French energy giant TotalEnergies, with whom it has stitched multi-billion dollar partnership in city gas and renewable energy space, also came in the way of investing in Nayara, the sources said, adding Adani had in its deal with TotalEnergies agreed to limit future investments in fossil fuel space to only natural gas. Sources said Saudi Aramco is a serious contender to take over Nayara as it will fulfil its long-desired ambition of having downstream presence in the world's fastest growing oil market. Aramco, the world's largest oil exporter, had previously agreed to invest in a giant oil refinery-cum-petrochemical complex that state-owned firms had planned to build in Maharashtra, but that project hasn't taken off due to land acquisition delays. It had in 2019 signed a non-binding agreement to buy a 20 per cent stake in Reliance's oil-to-chemical (O2C) business for USD 15 billion but the deal was called off two years later over valuation issues. Sources said Aramco too considers the USD 20 billion valuation too high. It wasn't known if talks between Rosneft and Aramco have progressed beyond initial contact. Nayara makes the most sense for Reliance, they said. Reliance operates twin refineries, with a combined capacity of 68.2 million tonnes per annum at Jamnagar in Gujarat. Its units are in the vicinity of Nayara's 20-million tonnes-a-year unit at Vadinar, Gujarat. Nayara will help it cross IOC's 80.8-million tonnes-a-year capacity to become No.1 refiner in the country. But more importantly, the 6,750 petrol pumps of Nayara would help it gain a meaningful share in the fuel retailing business. Reliance has just 1,972 petrol pumps out of 97,366 outlets in the country. "Oil refining alone is not a profitable business. Unless you have marketing, you can never make money," an industry official explained. Sources said for both Oil and Natural Gas Corporation (ONGC) and IOC, the valuation being sought by Rosneft is too high. For them the value of petrol pumps should not be more than ₹ 3-3.5 crore per outlet. This gives a valuation of not more than USD 2.5-3 billion for the marketing network and similar value is what they see for the oil refinery, they said. But for Reliance, the value of the marketing network is more, perhaps ₹ 7 crore per outlet (USD 5.5 billion). And given the synergies the combined operations of Jamnagar and Vadinar refineries can derive, the 20-million tonnes Nayara unit and its planned petchem unit could be worth another USD 5 billion, they said. Sources said since the start of talks, Rosneft has brought down the valuation to USD 17 billion but that too is considered too high by companies such as Reliance. However, no official deal has been confirmed, and Rosneft has not made a formal statement on the matter yet. PTI
Economic Times
10 hours ago
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Russia's Rosneft Oil Company in early talks with Reliance to sell stake in India unit
ANI Reliance Chairman Mukesh Ambani Russian oil giant PJSC Rosneft Oil Company is in early talks with Reliance Industries for sale of its 49.13 per cent stake in Nayara Energy, which operates a 20-million tonnes-a-year oil refinery and 6,750 petrol pumps in India, sources said. Reliance has held preliminary talks for acquisition of Nayara, which will help it overtake state-owned Indian Oil Corporation (IOC) to become India's No.1 oil refiner as well as give a meaningful presence in the fuel marketing space. But the talks are at preliminary stage and there is no guarantee that they may lead to a definite deal as valuation remains a sticky ground, three sources with direct knowledge of the matter said. Top Rosneft officials have visited India at least thrice in the last one year, including visits to Ahmedabad and Mumbai, for talks with potential investors. For Rosneft, which is looking to exit from Nayara due to western sanctions limiting its ability to repatriate full earnings from India operations, a potential buyer could be one who has substantial earnings overseas or is an international company - both of which could make quick overseas payouts for the stake. Being a large exporter of fuel, Reliance has substantial overseas income, the sources said. While emails sent to Rosneft for comments remained unanswered, a Reliance spokesperson said, "As a policy, we do not comment on media speculation and rumours." "Our company evaluates various opportunities on an ongoing basis," the spokesperson said. "We have made and will continue to make necessary disclosures in compliance with our obligations under Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 and our agreements with the stock exchanges." Rosneft, which had in 2017 acquired Essar Oil in a USD 12.9-billion deal, is unable to get full financial benefits from its Indian operations, including repatriating earnings, due to international sanctions. Essar Oil was subsequently named Nayara Energy. The Russian giant sometime in 2024 decided to exit Nayara and began scouting for potential buyers. Alongside Rosneft, UCP Investment Group, a major Russian financial firm, is also selling its 24.5 per cent stake in Nayara. The rest of Nayara's ownership includes Trafigura Group (24.5 per cent) and a group of retail shareholders. If a deal is struck, Trafigura too may exit the venture within months on same terms, they said. The stake of Rosneft and UCP was offered to Reliance Industries, Adani Group, Saudi Aramco and state-owned ONGC/IOC combine among others. But the USD 20-billion valuation that Rosneft had put for Nayara was considered too steep a price by almost every potential investor. Adani Group politely declined the offer to invest in an oil refinery, which is considered a sunset business given the energy transition planned worldwide. Besides the asking price being too high, the conglomerate's understanding with French energy giant TotalEnergies, with whom it has stitched multi-billion dollar partnership in city gas and renewable energy space, also came in the way of investing in Nayara, the sources said, adding Adani had in its deal with TotalEnergies agreed to limit future investments in fossil fuel space to only natural gas. Sources said Saudi Aramco is a serious contender to take over Nayara as it will fulfil its long-desired ambition of having downstream presence in the world's fastest growing oil market. Aramco, the world's largest oil exporter, had previously agreed to invest in a giant oil refinery-cum-petrochemical complex that state-owned firms had planned to build in Maharashtra, but that project hasn't taken off due to land acquisition delays. It had in 2019 signed a non-binding agreement to buy a 20 per cent stake in Reliance's oil-to-chemical (O2C) business for USD 15 billion but the deal was called off two years later over valuation issues. Sources said Aramco too considers the USD 20 billion valuation too high. It wasn't known if talks between Rosneft and Aramco have progressed beyond initial contact. Nayara makes the most sense for Reliance, they said. Reliance operates twin refineries, with a combined capacity of 68.2 million tonnes per annum at Jamnagar in Gujarat. Its units are in the vicinity of Nayara's 20-million tonnes-a-year unit at Vadinar, Gujarat. Nayara will help it cross IOC's 80.8-million tonnes-a-year capacity to become No.1 refiner in the country. But more importantly, the 6,750 petrol pumps of Nayara would help it gain a meaningful share in the fuel retailing business. Reliance has just 1,972 petrol pumps out of 97,366 outlets in the country. "Oil refining alone is not a profitable business. Unless you have marketing, you can never make money," an industry official explained. Sources said for both Oil and Natural Gas Corporation (ONGC) and IOC, the valuation being sought by Rosneft is too high. For them the value of petrol pumps should not be more than Rs 3-3.5 crore per outlet. This gives a valuation of not more than USD 2.5-3 billion for the marketing network and similar value is what they see for the oil refinery, they said. But for Reliance, the value of the marketing network is more, perhaps Rs 7 crore per outlet (USD 5.5 billion). And given the synergies the combined operations of Jamnagar and Vadinar refineries can derive, the 20-million tonnes Nayara unit and its planned petchem unit could be worth another USD 5 billion, they said. Sources said since the start of talks, Rosneft has brought down the valuation to USD 17 billion but that too is considered too high by companies such as Reliance. 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The Print
11 hours ago
- The Print
Russia's Rosneft in early talks with Reliance to sell stake in India unit
But the talks are at preliminary stage and there is no guarantee that they may lead to a definite deal as valuation remains a sticky ground, three sources with direct knowledge of the matter said. Reliance has held preliminary talks for acquisition of Nayara, which will help it overtake state-owned Indian Oil Corporation (IOC) to become India's No.1 oil refiner as well as give a meaningful presence in the fuel marketing space. New Delhi, Jun 29 (PTI) Russian oil giant PJSC Rosneft Oil Company is in early talks with Reliance Industries for sale of its 49.13 per cent stake in Nayara Energy, which operates a 20-million tonnes-a-year oil refinery and 6,750 petrol pumps in India, sources said. Top Rosneft officials have visited India at least thrice in the last one year, including visits to Ahmedabad and Mumbai, for talks with potential investors. For Rosneft, which is looking to exit from Nayara due to western sanctions limiting its ability to repatriate full earnings from India operations, a potential buyer could be one who has substantial earnings overseas or is an international company – both of which could make quick overseas payouts for the stake. Being a large exporter of fuel, Reliance has substantial overseas income, the sources said. While emails sent to Rosneft for comments remained unanswered, a Reliance spokesperson said, 'As a policy, we do not comment on media speculation and rumours.' 'Our company evaluates various opportunities on an ongoing basis,' the spokesperson said. 'We have made and will continue to make necessary disclosures in compliance with our obligations under Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 and our agreements with the stock exchanges.' Rosneft, which had in 2017 acquired Essar Oil in a USD 12.9-billion deal, is unable to get full financial benefits from its Indian operations, including repatriating earnings, due to international sanctions. Essar Oil was subsequently named Nayara Energy. The Russian giant sometime in 2024 decided to exit Nayara and began scouting for potential buyers. Alongside Rosneft, UCP Investment Group, a major Russian financial firm, is also selling its 24.5 per cent stake in Nayara. The rest of Nayara's ownership includes Trafigura Group (24.5 per cent) and a group of retail shareholders. If a deal is struck, Trafigura too may exit the venture within months on same terms, they said. The stake of Rosneft and UCP was offered to Reliance Industries, Adani Group, Saudi Aramco and state-owned ONGC/IOC combine among others. But the USD 20-billion valuation that Rosneft had put for Nayara was considered too steep a price by almost every potential investor. Adani Group politely declined the offer to invest in an oil refinery, which is considered a sunset business given the energy transition planned worldwide. Besides the asking price being too high, the conglomerate's understanding with French energy giant TotalEnergies, with whom it has stitched multi-billion dollar partnership in city gas and renewable energy space, also came in the way of investing in Nayara, the sources said, adding Adani had in its deal with TotalEnergies agreed to limit future investments in fossil fuel space to only natural gas. Sources said Saudi Aramco is a serious contender to take over Nayara as it will fulfil its long-desired ambition of having downstream presence in the world's fastest growing oil market. Aramco, the world's largest oil exporter, had previously agreed to invest in a giant oil refinery-cum-petrochemical complex that state-owned firms had planned to build in Maharashtra, but that project hasn't taken off due to land acquisition delays. It had in 2019 signed a non-binding agreement to buy a 20 per cent stake in Reliance's oil-to-chemical (O2C) business for USD 15 billion but the deal was called off two years later over valuation issues. Sources said Aramco too considers the USD 20 billion valuation too high. It wasn't known if talks between Rosneft and Aramco have progressed beyond initial contact. Nayara makes the most sense for Reliance, they said. Reliance operates twin refineries, with a combined capacity of 68.2 million tonnes per annum at Jamnagar in Gujarat. Its units are in the vicinity of Nayara's 20-million tonnes-a-year unit at Vadinar, Gujarat. Nayara will help it cross IOC's 80.8-million tonnes-a-year capacity to become No.1 refiner in the country. But more importantly, the 6,750 petrol pumps of Nayara would help it gain a meaningful share in the fuel retailing business. Reliance has just 1,972 petrol pumps out of 97,366 outlets in the country. 'Oil refining alone is not a profitable business. Unless you have marketing, you can never make money,' an industry official explained. Sources said for both Oil and Natural Gas Corporation (ONGC) and IOC, the valuation being sought by Rosneft is too high. For them the value of petrol pumps should not be more than Rs 3-3.5 crore per outlet. This gives a valuation of not more than USD 2.5-3 billion for the marketing network and similar value is what they see for the oil refinery, they said. But for Reliance, the value of the marketing network is more, perhaps Rs 7 crore per outlet (USD 5.5 billion). And given the synergies the combined operations of Jamnagar and Vadinar refineries can derive, the 20-million tonnes Nayara unit and its planned petchem unit could be worth another USD 5 billion, they said. Sources said since the start of talks, Rosneft has brought down the valuation to USD 17 billion but that too is considered too high by companies such as Reliance. However, no official deal has been confirmed, and Rosneft has not made a formal statement on the matter yet. PTI ANZ HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
