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    Vikshita Vitthal Gujaran in News

    22-Oct-2022 08:37 AM


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    Adani Group-Owned Ambuja Cements' Profit Nearly Halves In Q2

    Ambuja Cements, now part of the Adani Group, on Friday reported a fall of 94.24 per cent in its consolidated net profit at ₹ 51.30 crore for the September quarter, mainly due to rising fuel prices and related inflationary impact.
    The company had clocked a net profit of ₹ 890.67 crore in the year-ago quarter, Ambuja Cements said in a BSE filing.

    Its revenue from operations rose 7.46 per cent to ₹ 7,143.17 crore as compared to ₹ 6,647.13 crore in the corresponding quarter of the previous financial year.


    Total expenses were at ₹ 7,179.90 crore, up 29.51 per cent from ₹ 5,543.51 crore a year ago.

    The consolidated results of Ambuja Cements includes the financial performance of its step-down firm ACC Ltd, in which it owns around 51 per cent stake.

    On a standalone basis, Ambuja Cements reported a decline of 68.74 per cent in its net profit to ₹ 137.89 crore as against ₹ 441.23 crore in the year-ago quarter.

    Its standalone revenue from operations climbed 13.37 per cent to ₹ 3,670.40 crore, as against ₹ 3,237.26 crore earlier.

    Sales volume on a standalone basis was up 12.33 per cent to 6.74 million tonnes per annum (MTPA) from 6 MTPA.

    On a consolidated basis, its sales volume increased 5.63 per cent to 12.57 MTPA in the July-September period.
    Source - NDTV
    #adani