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The Latest Breaking News from Ambuja Cement

Ambuja Cements share price target: Nuvama, Motilal, other brokerages see up to 30% upside. Here's why

Ambuja Cements shares rose over 1% despite reporting a 34% YoY decline in Q1 FY27 consolidated net profit to Rs 577 crore. Revenue fell 7.5%, while EBITDA dropped 19% and margins narrowed due to higher fuel and raw material costs amid the West Asia crisis. Despite the weak quarter, brokerages…

The Economic Times

Ambuja Cement Q1 Results: Net profit drops 34% YoY to Rs 577 crore; revenue falls 7.5%

Ambuja Cement Q1 Results: Revenue from operations also declined 7.5% YoY to Rs 9,474 crore from Rs 10,244 crore in the year-ago quarter, the company said in a regulatory filing.

The Economic Times

ACC Q1 Results: Profit plunges 60% to Rs 147 crore on lower sales

ACC Ltd, part of the Adani Group, reported a staggering 60.8% decline in net profit for the June quarter. This drop in profitability can be attributed to a decline in sales volume, resulting in a 7.75% decrease in revenue compared to the previous year. While higher costs impacted earnings, the…

The Economic Times

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India's growth story, not AI trade reversal, will drive foreign flows: Sameer Dalal

India's economic strength, not AI's decline, will drive foreign capital inflows, according to Sameer Dalal. He believes AI's market correction is temporary, while India's improving fundamentals, including falling crude prices and monsoon progress, position it for growth. Dalal remains bullish on pharma and cement sectors, sees achievable targets for Tata…

The Economic Times

Karan Adani flags contractor woes, project delays as Ambuja Cements trims FY27 capex

Ambuja Cements faces project delays due to contractor and team issues. The company is now prioritizing completion of ongoing expansions. Capital expenditure for FY27 is set at Rs 6,000-6,500 crore. Ambuja Cements aims to reach 119 million tonnes capacity by FY27. The focus is on streamlining operations and margin expansion.

The Economic Times

Gautam Adani names son Karan to run cement firms; injects Rs 20,000 crore in Ambuja Cement

NEW DELHI: Billionaire Gautam Adani's son Karan will helm the cement firms his group has acquired to become India's second largest cement player and extend his burgeoning empire that spans from ports and energy to airports and telecom.

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