Ambuja Cement has made a net profit (standalone net profit) of Rs 501 crore in the second quarter of FY 2024-25. It has decreased by 22% on an annual basis. In the same quarter a year ago, the company had a profit of Rs 644 crore.
Talking about operational revenue, it stood at Rs 4,213 crore in the July-September quarter. It has increased by 6% on an annual basis. In the second quarter of FY 2023-24, the company generated a revenue of Rs 3,970 crore. The income from selling goods and services is called revenue.
Standalone means – the performance of one unit
Standalone financial statements (results) tell about the financial performance, position and cash flow of an individual company. It does not include the results of its subsidiaries. The results of companies come in two parts – standalone and consolidated.
Ambuja Cement shares rise after results
After the results, the stock is trading at Rs 574.90 with a gain of 4.02% at 1:45 pm today i.e. Monday (28 October). The stock of the company has fallen by 9.11% in the last one month and 8.70% in six months. The stock of Ambuja Cement has given a positive return of 36.25% in the last one year and 7.60% this year i.e. since January 1 till now. The market cap of the company is Rs 1.42 lakh crore.
Adani Group bought Ambuja and ACC Cement in June 2022
Adani Group bought Ambuja Cement and ACC Cement for $10.5 billion in June 2022. At the beginning of the financial year 2024-25, Gautam Adani’s family has invested Rs 8,339 crore in Ambuja Cement. After this investment, his stake in the cement manufacturing company has increased to 70.3%. Ambuja Cement gave information about this in the exchange filing.
After the acquisition, the Adani family invested Rs 5,000 crore in Ambuja Cements through warrants on 18 October 2022. At the same time, on 28 March 2024, the Adani family invested Rs 6,661 crore, then their stake in the company increased by 3.6% to 66.7%.
