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Ambuja Cements' Q2 net down 42%
Business Standard
|October 29, 2024
Mirroring the price and demand weakness in the sector, Ambuja Cements reported a 42.5 per cent year-on-year (Y-o-Y) slump in its consolidated net profit (attributable to the owners of the company) for the second quarter of 2024-25 (Q2FY25), largely owing to muted growth in revenue.
It reported a net profit of ₹456 crore in Q2FY25, lower from ₹793 crore reported a year ago. Net sales for the Adani group-promoted entity saw a marginal 1.2 per cent Y-o-Y rise to ₹7,516 crore. Sales volume, it said, was up nine per cent Y-o-Y to 14.2 million tonnes.
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