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Ambuja Cements reported a 42% year-on-year decline in Q2 FY25 consolidated net profit, falling to Rs 456 crore, due to weak cement prices and sluggish demand. Despite this, revenue from operations increased slightly by over 1% to Rs 7,516 crore. The company's EBITDA dropped 15% to Rs 1,111 crore, with an EBITDA margin of 14.8%. Following the results, Ambuja's share price rose 3% to Rs 569.55 on the NSE.
Several major companies are set to announce their Q2FY25 results today, including Bharti Airtel, Sun Pharmaceutical Industries, Ambuja Cements, and Adani Power. Other key players releasing earnings include Punjab National Bank, Indian Oil Corporation, BHEL, Federal Bank, IOC, JSW Infrastructure, and Motilal Oswal.
Ambuja Cements
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ambuja cements reports 42 percent drop in q2 net profit amid weak prices
08:30 28.10.2024
key companies set to announce q2 results today
Sun Pharmaceutical Industries Limited
Punjab National Bank
Bharti Airtel Limited
Indian Oil Corporation Limited
Ambuja Cements Limited
IND
Ambuja Cements
Punjab National Bank
Sun Pharmaceutical Industries
Adani Power
Bharti Airtel
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05:29 28.10.2024
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