Ambuja Cement net drops 94% to Rs 51.3 crore on rising energy prices

On a sequential basis too, the company's profit tanked 94 per cent from Rs 865 crore earned in the April-June period

Ambuja Cements
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The earnings before interest, tax, depreciation and amortization (Ebitda) for the quarter fell 76 per cent to Rs 334 crore from an Ebitda of Rs 1,416 crore reported last year.

Viveat Susan Pinto Mumbai
Ambuja Cement, now part of the Adani group, on Friday reported a 94 per cent drop in its consolidated net profit to Rs 51.3 crore for the quarter ended September 2022, against Rs 891 crore reported a year ago. 

On a sequential basis too, the company's profit tanked 94 per cent from Rs 865 crore earned in the April-June period.

The consolidated revenue for the quarter at Rs 7,143 crore was higher by 7.5 per cent on-year from Rs 6,647 crore reported last year. Compared to the June quarter of the current fiscal, the revenue is lower by 11 per cent. The

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First Published: Oct 21 2022 | 6:51 PM IST

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