adani Group company Ambuja Cements’ consolidated net profit for the second quarter of the current financial year 2024-25 ended September dropped to Rs 472.89 crore. The company’s net profit for the second quarter (July-September) of the last financial year 2023-24 was Rs 987.24 crore. Ambuja Cements Ltd. (ACL) informed the stock market that its operating income in the July-September quarter amounted to Rs 7,516.11 million, while it was Rs 7,423.95 million in the same period of the previous financial year. In the first half of the financial year (April to September), ACL’s operating income stood at Rs 15,827.5 crore and net profit stood at Rs 1,256.07 crore. In the last five years, its sales volume in the first half was the highest on record at 3.01 million tons.
The revenue was Rs 7,890.14 crore.
ACL’s total revenue (which also includes other income) stood at Rs 7,890.14 crore in the second quarter. The total expenditure in the quarter under review amounted to Rs 7,023.49 crore. Ambuja Cements posted a net profit of Rs 500.66 crore in the July-September quarter on a standalone basis. It was Rs 643.84 crore in the same quarter a year ago. The sole operating income in the first quarter of fiscal year 2024-25 was Rs 4,213.24 crore.
Preparation to reach a capacity of more than 100 million tons
Commenting on the results, Ajay Kapoor, Whole Director and Chief Executive Officer (CEO) of the company, said ACL has delivered another consistent performance in line with its growth roadmap and setting new standards in efficiency. He said, “With our strong presence across the country, we are also expanding our presence in new geographies in line with our vision. Following the successful completion of the agreement with Orient Cement, we are set to achieve a capacity of over 100 million tonnes by the end of the current financial year.”
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