Ambuja Cement net drops 94% to Rs 51.3 crore on rising energy prices

Ambuja Cement, now part of the Adani group, on Friday reported a 94 per cent drop in its consolidated net profit to Rs 51.3 crore for the quarter ended September 2022, against Rs 891 crore reported a year ago. 

On a sequential basis too, the company's profit tanked 94 per cent from Rs 865 crore earned in the April-June period.

The consolidated revenue for the quarter at Rs 7,143 crore was higher by 7.5 per cent on-year from Rs 6,647 crore reported last year. Compared to the June quarter of the current fiscal, the revenue is lower by 11 per cent. The