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Another firm of Gautam Adani makes HUGE profit, earns Rs 2620 crore in just 3 months, its business is...
The company has a market cap of Rs 1.15 lakh crore, as of January 29. Its shares closed at Rs 521.65 on Wednesday.
Updated : Jan 29, 2025, 03:34 PM IST
 "Another firm of Gautam Adani makes HUGE profit, earns Rs 2620 crore in just 3 months, its business is...")
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Adani Group firm Ambuja Cements Ltd has reported a consolidated net profit of Rs 2,620.09 crore for the third quarter ended December 2024 (October - December). The company, India's second-largest cement manufacturer, had reported a net profit of Rs 1,090.73 crore a year ago, according to a regulatory filing by Ambuja Cements Ltd (ACL).
The company has a market cap of Rs 1.15 lakh crore, as of January 29. Shares of Ambuja Cements Ltd on Wednesday closed at Rs 521.65. Its consolidated revenue from operations was Rs 8,415.31 crore during the December 2024 quarter. It was Rs 8,052.42 crore in the year-ago period. Ambuja Cements consolidated sales volume stood at 16.5 million tonnes during the quarter. This is the "highest-ever cement sales volume in a quarter", Ambuja Cements said in its earnings statement.
The consolidated financial results of Ambuja Cements for the December quarter are not comparable due to the acquisition of several companies, including Gujarat-based Sanghi Industries, Hyderabad-based Penna Industries, and Tamil Nadu-based MY Home Industries, whose results are included in it.
READ | Gautam Adani gets CCI clearance, set to acquire Rs 5757 crore stake in...
Besides, its subsidiary ACC acquired Asian Concretes and Cements Ltd. "Accordingly, the results for the current quarter and nine months ended December 31, 2024, are not comparable with quarter and nine months ended December 31, 2023, to that extent," it said. ACL's total expenses in the December quarter were Rs 8,347.68 crore.
The total Income of ACL, which includes other income, was Rs 10,680.80 crore in the third quarter. The consolidated results of Ambuja Cements include the financial performance of its step-down firm ACC Ltd, in which, it owns around 51 per cent stake, along with Sanghi Industries and Penna Industries.
On a standalone basis, Ambuja Cements reported a profit after tax of Rs 1,758.03 crore in the December quarter. It was Rs 513.68 crore in the year-ago quarter. Its standalone revenue from operations was Rs 4,850.02 crore in the third quarter of FY25. On a standalone basis, its sales volume of Cement and Clinker was 10.1 MT.
(Except for the headline, this story has not been edited by DNA staff and is published from PTI)
