Page 7 - Ambuja Cement

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 net profit falls 94% to Rs 51.3 crore in Sept quarter

Ambuja Cements, now part of the Adani Group, on Friday reported a fall of 94.24 per cent in its consolidated net profit at Rs 51.30 crore for the September quarter, mainly due to rising fuel prices and related inflationary impact. The company had clocked a net profit of Rs 890.67 crore in the year-ago quarter, Ambuja Cements said in a BSE filing. Its revenue from operations rose 7.46 per cent to Rs 7,143.17 crore as compared to Rs 6,647.13 crore in the corresponding quarter of the previous financial year. Total expenses were at Rs 7,179.90 crore, up 29.51 per cent from Rs 5,543.51 crore a year ago. The consolidated results of Ambuja Cements includes the financial performance of its step-down firm ACC Ltd, in which it owns around 51 per cent stake. On a standalone basis, Ambuja Cements reported a decline of 68.74 per cent in its net profit to Rs 137.89 crore as against Rs 441.23 crore in the year-ago quarter. Its standalone revenue from operations climbed 13.37 per cent to Rs 3,67

Stocks to Watch: Adani Enterprises, BEL, Piramal Pharma, Telecom, Shalby

Stocks to watch today: Adani Enterprises' subsidiary has acquired aircraft maintenance repair and overhaul unit Air Works for Rs 400 crore

Ambuja Cements allots 477-million warrants to Adani family firm

Ambuja Cement, now a part of Adani Cement, has issu­ed the warrants at a price band of Rs 418.87

Adani to buy Jaypee cement units; JSW buys India Cements' MP unit

Adani aims to become India's top cement company by 2030; rival Ultratech stepping up capacity

Stocks to watch: TCS, HUL, GCPL, Ambuja Cements, Tata Power, Bandhan Bank

Stocks to watch today: Tata Consultancy Services (TCS) will kick off India Inc's July to September (Q2FY23) earnings on Monday, October 10; HUL, GCPL slashed prices of soap products by up to 15%

Led by HDFC twins, India sees record $124-billion M&A deals in H1FY23

Bankers said the second half of the ongoing financial year will be led by government divestments

Ambuja Cements shares put on NSE watchlist after Adani-driven surge

Ambuja Cements lost 7 per cent in the previous two sessions before rising on Friday

ACC, Ambuja Cements shares tank over 5% on concerns over encumbrance

The Adani group holds 63.15 per cent in Ambuja Cements and 56.69 per cent in ACC (of which 50.05 per cent is held through Ambuja Cements)

Adani Group stocks drop in a dull market; Adani Ent, ATG slip up to 5%

Despite an overall weak market, shares of Adani Wilmar was up 2 per cent at Rs 785.90, as they bounced back 7 per cent from its intra-day low of Rs 735 per share on the BSE.

Cement stocks drop in a weak market; Ambuja, ACC, Nuvoco slide up to 9%

Despite of Wednesday's fall, most of the cement stocks have outperformed markets in the past one month, on consolidation hopes in the cement industry.

Adani Group pledges stake worth $13 bn in ACC, Ambuja Cements

The pledge comes as the tycoon's ambitious dealmaking in an array of new sectors from green energy to media raises concerns over the high level of debt across the Adani group.

Adani Group signs non-dealing pact with foreign banks on cement stake

Adani stake is worth Rs 1.01 trillion as of Tuesday

Top Headlines: Stricter framework for FPI owners, India Inc's capex, & more

The Securities and Exchange Board of India (Sebi) is mooting a stricter framework for identifying "beneficial owners (BOs)" of foreign portfolio investment (FPI) in the country

Adani's foray expected to trigger consolidation in cement industry

Adani, Ultratech, Dalmia Bharat, Shree Cement to buy smaller companies, say analysts

Ambuja seeks shareholders' nod for Rs 20k-cr warrants, Adani's appintment

Ambuja Cements, which has been acquired by the Adani family, has called for an extraordinary general meeting with its shareholders on October 8. In the EGM (Extraordinary General Meeting), Ambuja Cements will seek shareholders' approval for the appointment of Gautam Adani and others on the board and a Rs 20,000 cash infusion in the company through preferential allotment of warrants. Ambuja Cements has sought approval for allotment of preferential allotment of 47.74 crore warrants at a price band of Rs 418.87 to Harmonia Trade and Investment Ltd, a promoter group entity, totalling Rs 20,001 crore in one or more tranches. The warrant holder would pay a minimum amount of Rs 104.72, around 25 per cent of the issue price at the time of subscription, and a further payment of Rs 314.15 at the time of exercise of the rights to convert in equity shares. Ambuja Cements, which also owns 50.05 per cent in ACC Ltd, has called for an EGM of the shareholders "scheduled to be held on Saturday, ...

Adani group overtakes Tatas to be India's most valued conglomerate

The gap between Mukesh Ambani and Adani has widened by 40 per cent. Ambani, with $91 billion net worth, is ranked eighth in the world

Gautam Adani now chairman of Ambuja Cements; son Karan is ACC boss

The Adani group to infuse Rs 20,000 crore more in Ambuja Cements

Holcim closes Ambuja Cement sale to Adani, gets $ 6.4 bn in cash

Divestment will help Swiss company become global leader in sustainable building solutions, says CEO

Ambuja Cements, ACC receive lukewarm response from public shareholders

The response was poor as the current market price is far above the open offer price, bankers said