AMBUJA CEMENTS LTD Q1 RESULTS

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.

Ecom Express is planning a $170 million rights issue led by existing investors. This and more in today’s ETtech Top 5.

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.

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...

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...

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...

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...

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.

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...

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.

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.

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...

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.

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...

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.

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.

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.

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.

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 ...