Ambuja Cement in the second quarter of the financial year 2024-25 at Rs. 501 crore net profit (net profit alone). It has declined by 22% year-on-year. In the same quarter a year ago, the company posted Rs. 644 crore profit was made.
As far as operational revenue is concerned, in the July-September quarter it was Rs. 4,213 crores. There has been an increase of 6% year-on-year. The company in the second quarter of the financial year 2023-24 Rs. 3,970 crore in revenue. Income from the sale of goods and services is called revenue.
Single means performance of one 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 companies' results come in two parts. Single and integrated.
Ambuja Cement shares jump after the results After the results, shares of Ambuja Cement rose 4.02% to Rs. Traded at 574.90. The company's shares fell 9.11% in the last one month and 8.70% in the last six months. The stock of Ambuja Cement has given a positive return of 36.25% in the last one year and 7.60% this year i.e. since January 1. The market cap of the company is Rs 1.42 lakh crore.
After the results, Ambuja Cement shares rose 4.83% to Rs. Trade at 579.
Adani Group bought Ambuja and ACC Cement in June 2022 Adani Group bought Ambuja Cement and ACC Cement for $10.5 billion in June 2022. Gautam Adani's family invested Rs. 8,339 crore has been invested. After this investment, his stake in the cement manufacturing company has increased to 70.3%. Ambuja Cement informed this in its exchange filing.
After the acquisition, the Adani family has invested in Ambuja Cements through warrants exercisable on October 18, 2022. 5,000 crore had been invested. At the same time on March 28, 2024, the Adani family paid Rs. 6,661 crore, while their stake in the company increased by 3.6% to 66.7%.
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