India Cement Q4 Result – Still a Loss making Company, Net Loss widen quarterly !!

India Cement has posted its quarterly result today.

Company has done revenue of Rs 1,245.38 crore which is 14 % less from previous year. Net lose announced was Rs29 Cr which is Rs.218 Cr last year same quarter. So we can say that the lose has reduced. But Sequesentially quarterly lease has widen from Rs.16.5 Cr last quarter.

Currently stock of the company is trading at 214 Value which is 13.3% higher from last year.

Company was at 214 at the time of market closure. It was over 1.3% higher than the previous day which means that investors were waiting for a higher than expected numbers from India Cement, we need to wait and watch that will India Cement after announcing lower than last year quarter profit declaration be able to justify its stock price, there is a possibility that we might see pressure on investors.

Early Beginnings and Initial Challenges

The inception of the cement industry in India dates back to the early 20th century, with the establishment of the first cement plant in 1904 in Madras (now Chennai) by the Indian Cement Company Ltd. This marked a significant milestone in India’s industrial landscape, as the country began its journey towards self-sufficiency in cement production. During this period, India was grappling with numerous industrial and economic challenges that hampered growth. The lack of advanced technology, inadequate infrastructure, and a heavy reliance on imports were some of the primary obstacles faced by the nascent industry.

The early 1900s were a time of significant economic constraints, further exacerbated by World War I. The global conflict disrupted trade routes and supply chains, compelling India to develop its own industrial base. The cement industry was no exception. The war-induced economic constraints served as a catalyst for the country’s determination to establish its own cement manufacturing capabilities. The need for infrastructural development and industrial growth became more pronounced, driving efforts to overcome the limited technological advancements and rudimentary infrastructure of the time.

As the demand for cement grew, more cement plants were established across the country. By the 1920s, pioneers such as the Indian Cement Company Ltd. played a crucial role in laying the foundation for the industry’s expansion. These early players faced numerous challenges, including the need to import machinery and raw materials, and the lack of skilled labor. Despite these hurdles, the industry saw a gradual increase in production capacity, setting the stage for future growth.

The pre-independence era witnessed a slow but steady increase in cement production, driven by the necessity to support infrastructure projects and the burgeoning construction sector. The establishment of new cement plants and the concerted efforts of industry pioneers laid the groundwork for the evolution of the cement industry in India. This period set the stage for the post-independence industrial boom, which would see the industry grow exponentially in the decades to come.

Disclaimer :- All the facts & the figure presented in the article are taken from internet and all the opinion presented in the article are authors personal opinion and this is not at all an investment suggestion. Before any buying and selling in the stock, please check with your investment advisor.