Ambuja Cements Ltd, a key player in the Adani Group, reported a significant decline in its consolidated net profit for Q2 FY25, with earnings attributable to the owners plunging 42.5% year-on-year (YoY) to ₹456 crore. This drop from ₹793 crore in the same period last year reflects ongoing price and demand challenges within the cement sector.
Key Financial Highlights:
- Net Profit: ₹456 crore in Q2 FY25, down from ₹793 crore YoY.
- Revenue: Marginal 1.2% YoY increase to ₹7,516 crore, indicating muted growth.
- Sales Volume: Grew by 9% YoY, reaching 14.2 million tonnes for the quarter.
Despite the challenges in pricing and demand, Ambuja Cements’ sales volume growth reflects a steady operational performance. As of October 28, 2024, the stock closed at ₹569.40 on NSE, up 3.02%, indicating investor interest in the stock amid sector volatility.
With the cement sector facing ongoing headwinds, Ambuja Cements remains a stock to watch as it navigates these challenges under the Adani Group’s strategic direction.
