Ambuja Cements Reports Q1 Profits

Ambuja Cements Ltd reported a consolidated net profit of Rs 789.63 crore for Q1 2024, down from Rs 1,135.46 crore a year ago. Revenue from operations stood at Rs 8,311.48 crore, a slight decline compared to the previous year's same period.

Ambuja Cements Ltd, a firm under Adani Group, announced a consolidated net profit of Rs 789.63 crore for the first quarter ended June 2024.

The company had posted a net profit of Rs 1,135.46 crore in the April-June period a year ago, as per a regulatory filing.

The firm's consolidated revenue from operations for the June quarter was Rs 8,311.48 crore, down from Rs 8,712.90 crore in the same period last fiscal. ACL pointed out that the results for the quarter and FY24 include the financials of Sanghi and ACCPL, which were acquired in the preceding year.

Ambuja Cements noted that the financial results are not directly comparable due to these acquisitions. Total expenses for the June quarter stood at Rs 7,566.91 crore, with total income, including other income, amounting to Rs 8,666.20 crore.

On Wednesday, shares of Ambuja Cements Ltd were trading at Rs 681.85 apiece on the BSE, marking a 1.10 percent rise from the previous close.