Ambuja Cements Q4 profit up 64% to ₹1,055 cr
The sales volume of Ambuja Cements improved by 17% to 16.6 million tonnes (MnT) during the quarter under review, as against 14.1 MnT in the March quarter of FY23.
The sales volume of Ambuja Cements improved by 17% to 16.6 million tonnes (MnT) during the quarter under review, as against 14.1 MnT in the March quarter of FY23.
For the full year, the consolidated net profit after tax stood at ₹7,005 crore, up 38%, as against ₹5,064 crore in FY23.
The Adani Group company posted 300% YoY growth in consolidated net profit at ₹945 crore in Q4 FY24, while revenue was up 13% ₹5,409 crore.
The acquisition of My Home Group's cement unit in Tuticorin will take Adani Group’s total cement capacity to 78.9 MTPA.
UltraTech Cement says it will invest ₹32,400 crore towards ongoing capex over the next three years.
This is the second deal in two days after the Aditya Birla Group company acquired 0.54 mtpa cement grinding assets of Burnpur Cement for ₹169.79 crore on November 29.
The Aditya Birla Group company proposes to increase its cement capacity by another 21.9 MTPA with a mix of brown field and green field projects.
Ultratech's revenue from operations stood at ₹16,012.13 crore, up 15% YoY as against ₹13,892.69 crore in the corresponding period of the previous year.
In the September quarter, the company’s revenue from operations stood at ₹3,149 crore, up 6% year-on-year (YoY) as against ₹2,971 crore in the same period last year
K.C. Jhanwar focused on innovation, digitisation, and long-term cash flows to help India’s largest cement manufacturer tide over market downturns.