Page 40 - Adani Group

Ambuja Cements' Q1 results: Profit at Rs 789.63 cr; revenue at Rs 8,311 cr

Adani Group firm Ambuja Cements Ltd on Wednesday reported a consolidated net profit at Rs 789.63 crore for the first quarter ended on June 2024. The company had reported a net profit of Rs 1,135.46 crore in the April-June period a year ago, according to a regulatory filing by Ambuja Cements Ltd (ACL). Its revenue from operations was at Rs 8,311.48 crore during the June quarter compared to Rs 8,712.90 crore in the corresponding period last fiscal. According to ACL, the financial results for the current quarter, preceding quarter and FY24, also include the financial results of Sanghi, which was acquired in August last year. It also has results of ACCPL (Asian Concretes and Cements Pvt Ltd) ), which was acquired by its subsidiary ACC. "The results for the current quarter, preceding quarter and FY24, are not comparable with the quarter ended June 30, 2023, to that extent," it said. Total expenses in the June quarter were at Rs 7,566.91 crore. The total Income of ACL, which also inclu

Adani Power Q1 results: Net profit down 55% due to higher expenses

Total income declined to Rs 15,474 cr in the April-June quarter of 2024-25 from Rs 18,109 cr in the same quarter of the last year

JSW Cement enters race to acquire promoter stake in Orient Cement

Aditya Birla and Adani groups have been aggressively acquiring cement firms to expand their manufacturing units, JSW has not also entered the race

Vinay Rajani of HDFC Securities suggests buying these stocks on July 31

JB Chemical's price has surpassed the crucial triple top resistance placed in the range of Rs 1,920-1,930. Stock has broken out from broken out from the consolidation, which held for last four months.

Adani Energy Solutions QIP over-subscribed thrice, $1 billion raised

QIP is a fund-raising tool for companies, through which they issue equities, or other equity convertible securities to qualified institutional buyers

Adani Group's flagship plans to revive firm's first retail bond sale

Company's return to raise funds through a public issuance highlights the recovery for the Adani Group, which lost more than $150 billion in market value at one point following the Hindenburg report

Adani Enterprises to launch first-ever public debt issue to raise Rs 600 cr

The issue should open in mid-August after the final approval, one of the sources said on condition of anonymity

M&A wave set to wash over South cement market, say industry experts

UltraTech's buy is latest in four deals southern market has seen in less than a year, with Adani Cement being the other buyer. These deals combined, industry experts say, could spur consolidation

ACC Q1 FY25 results: Net profit down 22.5% at Rs 361 crore; stock falls

Cement maker ACC Ltd on Monday reported a decline of 22.46 per cent in its net profit to Rs 361.40 crore in the first quarter ended on June 2024. The company had posted a profit of Rs 466.14 crore in the April-June quarter a year ago, according to a regulatory filing from ACC, now a part of Adani Cement. Its revenue from operations was marginally lower at Rs 5,154.89 crore during the quarter under review. It was Rs 5,201.11 crore in the corresponding period a year ago. ACC's sales volume from Cement & Clinker in the April-June quarter was up 9 per cent at 10.2 million tonnes, which is the "highest ever volume" in Q1 over the last five years, according to an earning statement by the company. The volume growth was "supported by an increase in premium products and improvement in efficiency parameters, ensuring market leadership". Total expenses of ACC rose 1.84 per cent in the June 2024 quarter to Rs 4,741.27 crore. Its Kiln fuel cost improved, helped by change of fuel basket and ..

Adani Total Gas Q1 results: PAT up 15% to Rs 172 cr on strong CNG demand

The Adani group company's consolidated profit rose 15% to Rs 172 crore (around $21 million) in the three months ended June 30, marking its sixth straight rise in quarterly profit

Adani Wilmar posts Rs 313 cr profit in June quarter on higher income

Edible oil major Adani Wilmar on Monday reported a consolidated net profit of Rs 313.20 crore for the first quarter of this fiscal on higher income. The company had posted a net loss of Rs 78.92 crore in the year-ago period. The total income rose to Rs 14,229.87 crore during the April-June period this fiscal from Rs 12,994.18 crore in the corresponding period of the previous year, according to a regulatory filing. Adani Wilmar, a joint venture between Adani Group and Singapore's Wilmar, is into edible oil, food & FMCG and industry essentials businesses. The company sells most of its products under the 'Fortune' brand.

Adani Energy posts Rs 823 cr net loss in Q1 amid Dahanu divestment decision

Operational earnings before interest, taxation, depreciation and ammortisation (Ebitda), the company said, rose 30 percent to Rs 1628 crore

Adani Group submits investment proposal for Nairobi airport upgradation

Kenya Airports Authority (KAA) on Wednesday said it has received an investment proposal from the Adani Group for the upgradation of the airport in Nairobi. The investment proposal under the public-private partnership has been submitted by Adani Airport Holdings Ltd (AAHL) for Nairobi's Jomo Kenyatta International Airport (JKIA). Currently, AAHL manages seven airports in India and is also developing the Navi Mumbai airport. In a statement, JKIA Managing Director and Chief Executive Officer Henry Ogoye said the proposal came following the Kenyan government approving a medium-term investment plan for the upgradation of the passenger terminal building, runway, taxiway and apron at the Nairobi airport. "Kenya Airports Authority (KAA) received an investment proposal under the Public Private Partnerships Act 2021 from the Adani Airport Holdings Limited, a key airport operator, to invest in a new passenger terminal building, second runway and refurbishment of the existing facilities at JKI

Bhutan king visits Adani's project sites, commends Mundra, Khavda

A high-level delegation from Bhutan led by its King and the Prime Minister on Tuesday visited Adani Group's flagship infrastructure project sites at Mundra and Khavda as part of their two-day visit to Gujarat. "Immensely grateful to His Majesty King Jigme Khesar Namgyel Wangchuck of Bhutan and Hon. @PMBhutan Dasho Tshering Tobgay for visiting Adani's 30 GW Renewable Energy site at Khavda and Mundra Port. Deeply inspired by Bhutan's vibrant spirit and steadfast commitment to eco-friendly initiatives. We are excited about doing our part to foster collaboration with the Land of the Thunder Dragon for a sustainable and greener future," group chairman Gautam Adani said in a post on X. Adani also posted pictures with the two. The primary aim of their visit was to explore extensive collaboration opportunities with the Adani Group across multiple sectors, sources said. In Mundra, Adani Group operates India's largest commercial port, while at Khavda it is developing the world's largest ...

Gujarat Titans' ownership up for grabs: Adani, Torrent lead the race

A year after a major captaincy change, IPL franchise Gujarat Titans' owner, CVC Capital Partners, is looking to sell its controlling stake and is in talks with Adani and Torrent Group

Adani promoters raised stakes in 5 listed group companies in first quarter

Adani Energy Solutions, Adani Green Energy, and Adani Power saw a hike in promoter holdings between 96 bps and 173 bps

Thiruvananthapuram Airport witnesses 21% surge in passenger traffic

Thiruvananthapuram International Airport (TRV) has witnessed a record-breaking increase in passenger traffic in Q1 FY2024-25, with over 1.26 million passengers travelling through the airport. "This represents a 21 per cent growth compared to Q1 2023-24, when 1.038 million passengers were recorded. TRV now processes over 400,000 passengers monthly. Of the total passengers, 661,000 were domestic, while 598,000 travelled internationally," a TRV release said on Wednesday. To accommodate this growth, TRV has enhanced its infrastructure, adding three new check-in counters at the domestic terminal to streamline the check-in process, it said. Plans are underway to further upgrade facilities, ensuring a seamless travel experience as passenger numbers and airline operations continue to rise, the release said. The airport is managed by Adani Airport Holdings Limited (AAHL), a subsidiary of Adani Enterprises, the flagship company of the globally diversified Adani Group. The release further sa

Adani, Wilmar considering to sell $670 million stake in joint venture

Shares of Adani Wilmar have slid 6.8% this year, valuing the company at about $5.1 billion

Mumbai airport passenger traffic rises 7.7% in first quarter of FY24

The rise in passenger traffic comes during major holiday months when people travel during the summer season in India

Adani Group eyes Jaypee Group's cement assets amid insolvency proceedings

Adani Group's cement arm, which includes ACC and Ambuja Cement holding, is India's second-largest cement producer