The cement major reported a 376% year-on-year increase in profit after tax to ₹538 crore in the December quarter of FY24, as against ₹113 crore in the corresponding period of the previous year.
PNB, Trent, TVS Motor, Shriram Finance, and Zydus Lifesciences will replace these five stocks in the Nifty Next 50 index, effective from September 29, 2023.
During the quarter under review, the company's revenue from operations stood at ₹5,201.11 crore, up 16.4% as against ₹4,468.42 crore in Q1 of FY23.
The Adani group firm posted net profit at ₹235.66 crore in Q4FY23 as against ₹396.33 crore in the same quarter a year ago, dented by higher costs.
Adani Total Gas, Adani Green Energy, Adani Transmission, Adani Power, and NDTV hit their 5% lower circuit limits on Monday.
Shares of ACC and Ambuja Cements rallied after the management refuted reports claiming that shares of both recently acquired cement entities were pledged by promoters.
Dalmia Cement has proposed to acquire clinker, cement, and power plants from Jaypee group at an enterprise value of ₹5,666 crore.
Company EGM passes resolution to raise ₹20,000 cr by issuing securities on a preferential basis to Adani group’s Harmonia Trade. Gautam Adani, his son Karan Adani also appointed to the Ambuja board.
