Ambuja Cements buys 56.74% stake in Sanghi Industries at ₹5,000 cr valuation; stock rises
Adani Group-owned cement maker will acquire 56.74% shares of Sanghi Industries from its existing promoters.
cement industry
August 2023
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Ambuja Cement's Q1 profit up 31.2% YoY to ₹1,135 cr
The revenue from operations of Ambuja Cement increased by 8.4% year-on-year to ₹8,713 crore in the June quarter as against ₹8,033 crore in the same period last year.
ACC shares hit 5-month high on robust Q1; jump 15% in 6 sessions
On Monday, ACC shares surged 4.1% to touch an intraday high of ₹2,030 on the BSE, while the market capitalisation increased to ₹37,980 crore.
ACC consolidated profit grows 105% to ₹466 cr in Q1
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.
Cement sector’s M&A streak over for now
UBS believes inorganic proposition is not value accretive given the combination of overcapacity and weak demand
Ultratech Cement Q1 profit up 6.7% to ₹1,688.5 cr, revenue surges 16.9% on robust demand
The company's EBITDA (earnings before income, tax, depreciation and amortisation) stood at ₹3,223 crore in Q1 of FY23
This cement stock hits upper circuit for 32 sessions; surges 446% in 7 weeks
The microcap stock hit 5% upper circuit and touched a fresh record high of ₹32.80 on Wednesday from ₹6 on April 10, 2023.
Ambuja Cements shares gain on dividend bounty
The Adani group company has declared dividend of ₹2.50 per equity share having a face value of ₹2 each (125%) for the financial year FY23.
ACC shares fall after Q4 profit drops 40%
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.
ACC, Ambuja Cements rise up to 4% as cement makers resume operation in HP
ACC and Ambuja Cements will resume operations at the Gagal and Darlaghat plants in Himachal Pradesh from today.
