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HomeBusinessAdani Group's Ambuja Cement's profit fell by 42% in the second quarter - Top News Bulletin

Adani Group's Ambuja Cement's profit fell by 42% in the second quarter – Top News Bulletin


Adani The consolidated net profit of group company Ambuja Cements for the second quarter of the current financial year 2024-25 ended in September has declined to Rs 472.89 crore. The company's net profit for the second quarter (July-September) of the last financial year 2023-24 was Rs 987.24 crore. Ambuja Cements Ltd. (ACL) informed the stock market that its operating income in the July-September quarter stood at Rs 7,516.11 crore, whereas it was Rs 7,423.95 crore in the same period of the previous financial year. In the first half of the financial year (April to September), ACL's operating revenue stood at Rs 15,827.5 crore and net profit at Rs 1,256.07 crore. In the last five years, its sales volume in the first half was the highest recorded at 3.01 crore tonnes.

Income was Rs 7,890.14 crore

ACL's total income (which also includes other income) stood at Rs 7,890.14 crore in the second quarter. The total expenditure in the quarter under review stood at Rs 7,023.49 crore. Ambuja Cements reported net profit of Rs 500.66 crore in the July-September quarter on a standalone basis. It was Rs 643.84 crore in the same quarter a year ago. Single operating income in the first quarter of FY 2024-25 was Rs 4,213.24 crore.

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Preparation to achieve capacity of more than 100 million tonnes

Commenting on the results, Ajay Kapoor, Whole Time Director and Chief Executive Officer (CEO) of the Company, said that ACL has delivered another consistent performance in line with its growth roadmap and setting new standards in efficiency. He said, “With our strong presence across the country, we are also expanding our presence in new geographies in line with our vision. Following the successful completion of the Orient Cement deal, we are all set to achieve a capacity of over 100 million tonnes by the end of the current financial year.”



Image Credit: India-Tv.

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