However, thus far in the calendar year 2026, the Adani Group stocks have underperformed the market by falling up to 19 per cent, as against 4.6 per cent decline in the BSE Sensex.
Ambuja Cements' reported Q3 profit plunged due to one-time income and tax credit in the year-ago quarter, even as normalised profit and volumes rose sharply
Adani Group firm Ambuja Cements Ltd on Friday said its profit after tax declined 86.21 per cent to Rs 366.97 crore in the December quarter of FY26, citing a higher base due to tax gains in the year-ago quarter. Ambuja Cements Ltd (ACL) reported a profit after tax (PAT) of Rs 2,662.97 crore in the October-December quarter of the last fiscal, according to a regulatory filing. ACL, along with its subsidiary ACC, received a favourable order from a high court, following which they reassessed their tax liabilities for Q3/FY25. An amount of Rs 1,179.71 crore and Rs 516.84 crore were recorded in the books of ACL and ACC, respectively, and disclosed the write-back under tax adjustments relating to earlier periods. Besides, ACL also received a cash refund of Rs 203.17 crore along with an interest of Rs 25.60 crore after getting a favourable verdict from the Commissioner of Income Tax (Appeals) dated August 5, 2024, the filing said. It registered a PAT of Rs 378 crore in Q3 of FY26, which was
Q3FY26 company results: Firms including Power Grid Corporation of India, Bajaj Auto, Bank of Baroda, Procter & Gamble Hygiene and Health Care are also to release their October-December earnings today
Adani Green Energy stock slipped 10% to ₹814 in intra-day deal, while Adani Energy Solutions (₹840) and Adani Enterprises (₹1,895.50) were down 9% each.
JM Financial expects companies under its coverage to deliver robust growth of around 10 per cent Y-o-Y on a comparable basis in the third quarter
Cement companies are expected to report robust topline and volume growth amid weak pricing power during the third-quarter of the financial year 2026
Post-merger, analysts reckon Ambuja Cements will emerge as one of the largest cement companies in India by capacity
Ambuja Cements' board approved schemes to merge ACC and Orient Cement into Ambuja, setting share-swap ratios and targeting completion within 12 months to drive efficiencies and simplify structure
The price-to-moving averages hints at a favourable trend for India Cements; similarly, select technical factors augur well for cement stocks such as Ambuja Cements, Ramco Cements and NCL Industries.
Low base, premium mix and new capacity supported gains
ACEM reported strong growth of 81 per cent Y-o-Y in operating profit to Rs 1,760 crore, and operating profit per tonne (t) grew 52 per cent Y-o-Y to Rs 1,042
Ambuja Cements shares rose 3 per cent after it reported a 268 per cent surge in its consolidated net profit in the September quarter
Ambuja Cement Q2 results: Profit jumps 268% to ₹1,766 cr, revenue up 25%
Q2FY26 company results: Firms including Bharti Hexacom, Ambuja Cement, Tata Consumer Products, and Godfrey Phillips India are also to release their July-September earnings reports today
JM Financial Institutional Securities has picked UltraTech Cement and JK Cement as its top picks in the cement sector; here's why
UBS stays positive on cement sector, sees price recovery, margin gains, and consolidation ahead. Top stock picks for FY26 include Ambuja, UltraTech, Dalmia Cement
Reliance Industries, IndiGo, DLF, Ambuja Cements and Shree Cement can potentially rally up to 24 per cent from present levels, suggest technical charts.
Cement shares rally on Monday: Analysts view the potential GST rate cut as a sentimental booster for the sector given it may help perk up industry margins.