Ambuja Cement has made a net profit (standalone net profit) of Rs 501 crore in the second quarter of the financial year 2024-25. It has decreased by 22% on annual basis. The company had made a profit of Rs 644 crore in the same quarter a year ago.
Talking about operational revenue, it stood at Rs 4,213 crore in the July-September quarter. There has been an increase of 6% on annual basis. The company had generated a revenue of Rs 3,970 crore in the second quarter of the financial year 2023-24.
Standalone means – performance of a single unit Standalone financial statements (results) present the financial performance, position and cash flows of an individual company. It does not include the results of its subsidiaries. The results of companies come in two parts – standalone and consolidated.
Ambuja Cement shares rise after results After the results, Ambuja Cement shares are trading at Rs 574.90 today i.e. Monday (28 October) at 1:45 pm with a rise of 4.02%. The company's stock has fallen 9.11% in the last one month and 8.70% in the last six months. Ambuja Cement shares have given a positive return of 36.25% in the last one year and 7.60% this year i.e. from January 1 till now. The market cap of the company is Rs 1.42 lakh crore.
After the results, Ambuja Cement shares are trading at Rs 579 today i.e. Monday (28 October) at 1:54 pm with a rise of 4.83%.
Adani Group buys Ambuja and ACC Cement in June 2022 Adani Group had bought Ambuja Cement and ACC Cement for $10.5 billion in June 2022. Gautam Adani's family has invested Rs 8,339 crore in Ambuja Cement at the beginning of financial year 2024-25. After this investment, his stake in the cement manufacturing company has increased to 70.3%. Ambuja Cement had given information about this in its exchange filing.
After the acquisition, Adani Family had invested Rs 5,000 crore in Ambuja Cements through warrants on 18 October 2022. At the same time, on March 28, 2024, Adani family had invested Rs 6,661 crore, when their stake in the company increased by 3.6% to 66.7%.
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