India Cements Ltd Q2 FY27 Standalone Profit Rs. 38.85 Crores, Revenue Rs. 1,142.03 Crores
RESULTS
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 17 Oct 2026, 05:26 PM IST · BSE ID: 2186d99b-a22c-47d2-bb8e-dac5f6a23a57
View Original BSE Filing (PDF)
💡
In Simple Terms
India Cements reported increased quarterly profits and revenues, while also managing its short-term debt with new commercial paper issuances.
🤖 AI Summary
- Board of Directors approved standalone unaudited financial results for Q2 FY27 on October 17, 2026.
- Standalone Profit for Q2 FY27 reached Rs. 38.85 Crores, up from Rs. 26.62 Crores in Q1 FY27.
- Standalone Revenue from Operations for Q2 FY27 was Rs. 1,142.03 Crores.
- Half-year ended September 30, 2026, Standalone Profit for the period was Rs. 65.47 Crores.
- Issued Commercial Papers totaling Rs. 200 Crores with CARE A1+ rating, redeemed Rs. 100 Crores.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Standalone Revenue from Operations (Q2 FY27)
Rs. 1,142.03 Crores
2.23%
Standalone Profit for the period (Q2 FY27)
Rs. 38.85 Crores
160.21%
Standalone Profit for the half-year ended September 30, 2026
Rs. 65.47 Crores
787.43%
Net Cash generated from Operating Activities (Half-Year)
Rs. 307.55 Crores
Debt-Equity ratio (as of 30 Sep 2026)
0.16 times
🏢 How This Affects the Company
Revenue from operations for the quarter ended September 30, 2026, was Rs. 1,142.03 Crores, indicating sustained business activity.
Profit for the period from continuing operations on a standalone basis increased to Rs. 38.85 Crores for Q2 FY27, improving half-year profitability to Rs. 65.47 Crores. Total Non-Current Borrowings increased to Rs. 1,057.68 Crores as of September 30, 2026.
Capital Work-in-Progress increased to Rs. 951.59 Crores as of September 30, 2026, up from Rs. 344.24 Crores as of March 31, 2026, suggesting ongoing project investments.
The company continues to face two sub-judice legal matters, one regarding attached assets of Rs. 120.34 Crores and another concerning a CCI penalty of Rs. 187.48 Crores, with 10% already deposited.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders based on this financial results filing.
👤
Who Is Affected
All shareholders are affected by the company's financial performance, with Basic Earnings per Share for continuing operations increasing to Rs. 1.25 for Q2 FY27.
🔍
Management Signal
The approval of results and the increase in Capital Work-in-Progress indicate management's focus on operational performance and ongoing investment in assets.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q3 FY27 financial results — check for sustained profit and revenue growth.
Updates on legal cases regarding attached assets and CCI penalty.
Capital expenditure progress reflected in Capital Work-in-Progress.
MEDIUM RISK
Ongoing legal disputes and increased total borrowings represent financial and regulatory risks for the company.
💡 Investor Takeaway
India Cements reported Q2 FY27 standalone profit of Rs. 38.85 Crores, up from Rs. 14.93 Crores in Q2 FY26. Revenue from operations for the quarter was Rs. 1,142.03 Crores. Half-year operating cash flow was Rs. 307.55 Crores, while total borrowings increased.
⚖️ Strengths & Concerns
✅ Positives
- Standalone Profit for Q2 FY27 grew to Rs. 38.85 Crores, a 3.5x increase compared to Rs. 14.93 Crores in Q2 FY26.
- Net Cash generated from Operating Activities for the half-year ended September 30, 2026, was Rs. 307.55 Crores.
⚠️ Concerns
- Total Current Liabilities increased to Rs. 1,770.45 Crores as of September 30, 2026, up from Rs. 1,575.17 Crores as of March 31, 2026.
- Cash and Cash Equivalents at the end of the half-year decreased to Rs. 7.88 Crores from Rs. 13.47 Crores at the beginning of the year.
📅 Company Track Record
In Q1 FY27, India Cements Ltd reported a standalone profit of Rs. 26.62 Crores and revenue of Rs. 1,019.42 Crores. The company has previously noted ongoing legal cases regarding asset attachments and a Competition Commission of India penalty, which continue to be sub-judice.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was India Cements Ltd's standalone net profit in Q2 FY27?
India Cements Ltd reported a standalone net profit of Rs. 38.85 Crores for the quarter ended September 30, 2026, from continuing operations.
What was India Cements Ltd's revenue from operations in Q2 FY27?
The standalone revenue from operations for India Cements Ltd in Q2 FY27 was Rs. 1,142.03 Crores.
How did India Cements Ltd's half-year profit compare to the prior half-year?
The standalone profit for the half-year ended September 30, 2026, was Rs. 65.47 Crores, compared to Rs. 7.40 Crores for the half-year ended September 30, 2025.
What is India Cements Ltd's Debt-Equity ratio as of September 30, 2026?
India Cements Ltd's Debt-Equity ratio was 0.16 times as of September 30, 2026.
What is the status of the Competition Commission of India (CCI) penalty against India Cements Ltd?
The Supreme Court admitted India Cements Ltd's appeal against the CCI penalty of Rs. 187.48 Crores and directed the interim order passed by the Tribunal to continue, with Rs. 18.75 Crores already deposited.
Questions based on this BSE filing only. For information purposes.