Ambuja Cement Profit

Ambuja Cements Q3FY25 results: The cement arm of Adani Group aims to achieve 104 MTPA capacity by Q4 FY25 and 118 MTPA by FY26

Ambuja Cements, part of Adani Group firm, on Friday announced the commissioning of a 200 MW solar power project in Khavda, Gujarat, to supply green power to 20 cement plants. The Khavda project is part of Adani Cements' plan to have 1 GW of renewable power from solar and wind projects, along with 376 MW from WHRS (Waste Heat Recovery Systems). "The balance 806 MW capacity from this project is at various stages of commissioning and expected to start transmitting in phases between March 2025 and June 2025," said a statement. Of the remaining 806 MW capacity from this project, 156 MW of wind power from Khavda and a further 300 MW of solar power from Rajasthan are expected to be commissioned by March 2025 in phases. The balance of 350 MW of solar power is expected to be commissioned by June 2025. This will "positively impact the company's EBITDA" as this development leads to an impressive 70 per cent savings compared to current power cost, it added. The company is spending around Rs

The board of Ambuja Cements has approved the conversion of 21.20 crore warrants into shares of promoter entity Harmonia Trade and Investment at the rate of Rs 314.15 per share

Reported profit after tax for the company was at Rs 1,090 crore, up 123 per cent from a year ago

Ambuja's consolidated volumes increased 2.9% to 14.1 million metric tons in the October-December period, lower than the 5.5% growth estimated by Jefferies

The revenue from operations for Q2FY24 came in at Rs 3,969.79 crore, compared to Rs 3,675.61 crore year-on-year

The Adani group holds 63.15 per cent in Ambuja Cements and 56.69 per cent in ACC (of which 50.05 per cent is held through Ambuja Cements)

Consolidated net sales rose 15.1 per cent to Rs 7,943 crore in the April-June period versus the same period last year

This will be the first result announcement by the company since it was acquired by the Adani group in May 2022

On BSE, the scrip closed 5.87 per cent lower at Rs 338.3; Intra-day, it was trading at Rs 337.2

Net sales up 23% to Rs 7,715 crore as special product volumes grew lending support to the topline

Net sales up 23% to Rs 7,715 crore as special product volumes grew lending support to the topline

Net sales up 23% to Rs 7,715 crore as special product volumes grew lending support to the topline

The company, which owns ACC, sold 10.98 million tonne of cement during the quarter, a rise of 14.9 per cent