AMBUJA CEMENT NET PROFIT RISES 123% TO RS 1,089.55CR

During the third quarter of FY 2024, Ambuja Cement, owned by the Adani Group, there has been a consolidated net profit of Rs 1,089.55 crore. This marks a significant increase of 123% compared to Rs 487.88 crore in the corresponding quarter of FY 2023.

The company experienced a substantial boost in revenues, driven by price hikes and increasing demand for building materials. Ambuja Cements recorded a 2.8% increase in its consolidated revenue from operations, reaching Rs 8,128.8 crore. Furthermore, on a sequential basis, revenue rose by 9.4%, while profit surged by 10.4%.

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