ACC (ACC)
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Ambuja Cements to invest ₹14,500 crore for 155 MTPA capacity by FY30
Ambuja Cements will add about 30 MTPA through greenfield and brownfield projects, including 15.5 MTPA of grinding capacity, to reach 155 MTPA by fiscal 2030 from its current 113.5 MTPA across 24 integrated plants and 24 grinding units. The Adani Group company is expanding to meet expected growth in infrastructure and housing demand, strengthening its presence in the eastern, western and northern markets. Shares rose 4% on the announcement of the ₹14,500 crore ($1.53 billion) programme.
Ambuja Cements profit slumps 90% to ₹236 crore on higher costs
Its consolidated net profit for the quarter stood at Rs 236 crore. This compares to Rs 2,336 crore a year ago, which had a tax write-back of Rs 1,710 crore. Consolidated revenue for the quarter remained flat at Rs 9,197 crore as compared to the Rs 9,185 crore a year ago.
Ambuja Cements Q2 net profit plunges 90% to ₹114 crore
Ambuja Cements reported a 90% year-on-year drop in Q2 net profit to ₹114 crore, missing analyst estimates, even as revenue grew 10%. The sharp profit decline underscores margin pressure despite top-line expansion. Investors are now weighing the earnings miss against the company's revenue trajectory.
ACC profit slumps 92% as cement shares hit 52-week low
The cement producer reported its earnings during market hours on Tuesday, reacting to which its shares hit their 52-week low of Rs 1,115 on the BSE. The shares closed at Rs 1,147.50 on the BSE, down 1.6% from the previous close. The company sold 9.7 million tonne of cement during the September quarter, down from 10 million tonne a year ago.
ACC Q2 profit plunges 91% on higher fuel costs
Adani Group-owned cement maker ACC reported a nearly 91 per cent fall in second-quarter profit on Tuesday, hurt by weaker cement sales, higher fuel costs and an employee severance charge, while a one-time tax benefit had boosted earnings a year earlier. Here are some more details: - Standalone net profit-after-tax fell to ₹101 crore ($10.62 million) in the quarter ended September 30 from ₹1,112 crore a year earlier, while revenue declined 4.7 per cent year-on-year to ₹5,612 crore.
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