India Cements Full Year 2024 Earnings: Misses Expectations

Simply Wall St

May 22, 2024

India Cements (NSE:INDIACEM) Full Year 2024 Results

Key Financial Results

Revenue: ₹51.8b (down 7.7% from FY 2023).
Net loss: ₹2.27b (loss widened by 79% from FY 2023).
₹7.32 loss per share (further deteriorated from ₹4.10 loss in FY 2023).

earnings-and-revenue-growth — NSEI:INDIACEM Earnings and Revenue Growth May 22nd 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

India Cements Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 9.5%. Earnings per share (EPS) also missed analyst estimates by 93%.

Looking ahead, revenue is forecast to grow 7.4% p.a. on average during the next 2 years, compared to a 5.1% decline forecast for the Basic Materials industry in India.

Performance of the Indian Basic Materials industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for India Cements that you need to be mindful of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.