AMBUJA CEMENTS LTD Q1 RESULTS
A war of titans builds up in India's cement sector The UltraTech-India Cements deal comes two weeks after Adani Group unit Ambuja Cement announced acquisition of Hyderabad-based Penna Cement at an enterprise value of Rs 10,422 crore, adding to its capacity and market share in southern India.
27 Jun, 2024, 03.17 PM ISTEcom Express’ rights issue; Google Cloud chief interview Ecom Express is planning a $170 million rights issue led by existing investors. This and more in today’s ETtech Top 5.
25 Jun, 2024, 07.26 PM ISTAmbuja cements deal to acquire Hyderabad-based Penna Of the enterprise value, Ambuja Cement will hold back around ₹3,500 crore as milestone payments for completion of 2 million tonne (MT) cement capacity and 3 MT clinker facility at Penna's Rajasthan plant, which is likely in a year.
14 Jun, 2024, 12.45 AM IST- ADVERTISEMENT
Adani group stocks surge up to 6% a day after Lok Sabha election results Adani group stocks rebounded up to 6% on Wednesday after an initial 15% decline, triggered by election result disappointment. On Tuesday, all 10 Adani companies faced losses, shedding around Rs 3 lakh crore. Global brokerage Jefferies recommends buy...
05 Jun, 2024, 12.34 PM ISTCement stocks to feel the heat of falling demand, prices In the March 2024 quarter, all-India average cement price fell by 5.1% year-on-year to Rs359 per 50 kg amid weak demand across regions. As a result, cement firms focused more on sales volume. Sales volume of large cement companies grew by 7-22% duri...
28 May, 2024, 05.56 AM ISTGrasim Q4 revenue at record Rs 37,727 crore While operating profit of the flagship company of the Aditya Birla Group jumped by a little over a fourth to ₹6,196 crore during the quarter, also an all-time high, the net profit remained flat on year at ₹1,370 crore. Adjusted for an exceptional it...
23 May, 2024, 05.47 AM ISTGrasim Q4 Results: Net profit jumps 39% YoY to Rs 1,908 crore; revenue rises 13% Grasim Q4 Results: The net profit stood at Rs 1,369 crore in the last year quarter. Revenue from operations increased 13% year-on-year to Rs 37,727 crore in the reporting period, compared with Rs 4,873 crore in the corresponding period of previous y...
22 May, 2024, 10.42 PM ISTIndia Cements Q4 Results: Net loss narrows to Rs 50.06 crore The cement and clinker volume for the fourth quarter was 24.36 lakh tonne as compared to 27.85 lakh tonne in the same period of the previous year, it added.
20 May, 2024, 03.34 PM ISTShree Cement Q4 Results: Net profit up over a fifth to Rs 662 crore, EBITDA at all-time high The country’s third-largest producer of cement, in terms of capacity, saw its net revenue from operations rise 7% on year to Rs 5,101 crore. The relatively lower growth in revenue as compared to the sales growth indicates that the company, too, felt...
14 May, 2024, 11.43 PM ISTShree Cement Q4 Results: PAT jumps 28% YoY to Rs 526 crore; Rs 55/sh dividend declared On Tuesday, Shree Cement announced a significant 28% year-on-year increase in its consolidated net profit, reaching Rs 675 crore for the quarter ending March 31, 2024, compared to Rs 526 crore reported in the same period last fiscal year.
14 May, 2024, 05.21 PM ISTAmbuja Cements Q4 Results: Profit doubles to to Rs 1,526 crore on volume growth, cost optimization Ambuja Cements’ consolidated net profit for the March quarter nearly doubled on year to Rs 1,526 crore aided by a robust volume growth and cost reduction.
01 May, 2024, 08.29 PM ISTAmbuja Cements Q4 results: Profit up 6% YoY to Rs 532 cr; co approves Rs 2 dividend Ambuja Cements reported a standalone net profit of 532 crore rupees for the quarter that ended in March 2024, showing a 6% increase compared to the previous year. Revenue from operations in the fourth quarter rose by 12% year-on-year to Rs 4,780 cro...
01 May, 2024, 02.10 PM ISTQ4 results today: Ambuja Cements, Adani Wilmar among 18 companies to announce earnings Adani group leads Q4 earnings with multiple companies reporting results today. Ambuja Cements expected to show growth, while Adani Wilmar anticipates revenue dip but higher operating profit.
01 May, 2024, 09.37 AM ISTUltraTech to retain edge over competition amid cost efficiency, capacity addition During an earnings call after the quarterly result announcement, the company's management stated that it would reduce the cost of production per tonne by Rs200-300 in the next three years by focussing on a series of initiatives such as increasing in...
01 May, 2024, 08.48 AM ISTQ4 results today: Indian Oil, Adani Energy among 55 companies to announce earnings On Tuesday, investors are eagerly anticipating quarterly results from a total of 55 companies, with a spotlight on the Adani Group entities including Adani Energy and Adani Total Gas. Indian Oil's performance is also among those closely observed.
30 Apr, 2024, 09.12 AM ISTUltraTech Cement Q4 Results: Board approves dividend of Rs 70/share The cement maker reported a Profit After Tax (PAT) of Rs 2,258 crore, up 36% YoY, beating the Street estimates of Rs 2,048 crore.
29 Apr, 2024, 03.35 PM ISTUltraTech Cement Q4 results today: PAT may rise 18% YoY to Rs 1,962 crore, 13% revenue uptick likely UltraTech Cement Q4 Preview: UltraTech Cement is anticipated to see an 18% YoY net profit increase to Rs 1,962 crore in Q4FY24, with revenue reaching Rs 20,057 crore, up 8.50% YoY.
29 Apr, 2024, 08.49 AM ISTQ4 results this week: Adani group to lead as 211 companies will declare earnings With 211 companies announcing quarterly results this week, investors are particularly watching out for major names like Kotak Mahindra Bank, DMart, Ultratech Cement, Indian Oil, and many others across various industries.
28 Apr, 2024, 03.01 PM ISTCement companies likely to report volume driven double-digit profit growth for Q4 aided by lower input costs Intense competition due to incremental capacity addition and lower than expected demand have been a few key challenges that have restricted the ability of cement firms to raise prices meaningfully. In FY24, average cement price fell by around 1% to ...
17 Apr, 2024, 12.53 PM ISTAmbuja Cements Q3 Results: Profit jumps two-fold to Rs 1,090 crore; operating margin at 10-quarter high Adani Cement-owned Ambuja Cements’ operating margins surged to their highest level in 10 quarters in Oct-Dec as the company managed to significantly bring down its costs compared to the previous year.
31 Jan, 2024, 08.00 PM IST