Ambuja Cements Q4FY24 net profit rises 64% to Rs 1,055 cr
Mumbai: Ambuja Cements Limited reported a 63.60 percent year-on-year rise in consolidated net profit at Rs 1,055.16 crore for the quarter that ended on March 31 in the financial year 2023-24 (Q4FY24).
The company had reported a net profit of Rs 644.94 crore during the same period last year (Q4FY23).
Sequentially, the net profit went up 28.20 percent from Rs 823.05 crore in the last quarter.
The company's revenue from operations increased by 11.64 percent to Rs 8,893.99 crore in Q4, compared to Rs 7,965.98 crore reported in the year before. On a quarter-on-quarter basis, the revenue for operations stood at Rs 8,128.80 crore.
The company reported a total income of Rs 9,127.45 crore for Q4FY24. This was an increase of 10.62 percent from Rs 8,250.45 crore reported during the year-ago period.
On a quarter-on-quarter basis, the total income was up 9.67 percent. It was Rs 8,322.45 crore in Q3FY24.
For the entire financial year, the company reported a rise in net profit by 38.45 percent at Rs 3,576.79 crore, compared to Rs 2,583.40 crore reported at the end of FY23.
The company's revenue from operations for FY24 decreased by 14.83 percent at Rs 33,159.64 crore, compared to Rs 38,937.03 crore in the previous financial year.
The company's total income decreased by 13.48 percent at Rs 34,326.04 crore in FY24, compared to Rs 39,674.74 crore reported in FY23.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News
Trump, Netanyahu unveil 20-point Gaza peace plan, warn Hamas to accept deal or face 'full destruction'
Drugs valued at 60 crore seized in Tripura
Tamil Nadu stampede: TVK leader arrested, actor-politician Vijay named in FIR
Despite rising power demand in Durga Puja, Tripura continues electricity supply to B'desh: Minister
