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regular-article-logo Tuesday, 18 June 2024

Ambuja Cements reports consolidated net profit at Rs 1525 crore for fourth quarter

The consolidated results for the quarter and the financial year ended March include the financial results of Sanghi Industries, which was acquired by the Adani Group firm last quarter. Hence, the results “are not comparable”, it said

PTI New Delhi Published 02.05.24, 08:07 AM
Representational image.

Representational image. File Photo

Adani Group firm Ambuja Cements on Wednesday reported a consolidated net profit of Rs 1,525.78 crore for the fourth quarter ended March. The company had clocked a net profit of Rs 763.30 crore in the January-March quarter a year ago.

The consolidated results for the quarter and the financial year ended March include the financial results of Sanghi Industries, which was acquired by the Adani Group firm last quarter. Hence, the results “are not comparable”, it said.

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Consolidated revenue from operations was Rs 8,893.99 crore. It was Rs 7,965.98 crore a year ago. The consolidated results of Ambuja Cements include the financial performance of its step-down firm ACC Ltd, in which it owns 51 per cent.

On a standalone basis, Ambuja Cements reported a profit after tax of Rs 532.29 crore in the fourth quarter. It was Rs 502.40 crore a year ago.

Adani Energy

Adani Energy Solutions (AESL) has reported a 13.26 per cent decline in its consolidated net profit at Rs 381.29 crore during January-March 2024 on account of increased expenses. Net profit after tax was at Rs 439.60 crore a year ago.

For the whole financial year (FY24), the company’s net profit stood at Rs 1,195.61 crore, down from Rs 1,280.60 crore registered in FY23.

Adani Power

Adani Power Ltd on Wednesday reported a 47.78 per cent decline in its consolidated net profit to Rs 2,737.24 crore for the March quarter, mainly on account of increased expenses. Net profit was 5,242.48 crore in the January-March period of the preceding 2022-23.

During the fourth quarter, the company’s total income was Rs 13,881.52 crore against Rs 10,795.32 crore a year ago.

For the entire FY24, the company’s net profit almost doubled to Rs 20,828.79 crore from Rs 10,726.64 crore in FY23. In FY24, the company’s income rose to Rs 60,281.48 crore from Rs 43,040.52 crore in FY23.

Adani Wilmar

Adani Wilmar, which is mainly into edible oils, on Wednesday reported a 67 per cent increase in its consolidated net profit to Rs 156.75 crore for the quarter ended March despite lower revenue. Net profit stood at Rs 93.61 crore in the year-ago period. The company’s total income fell to Rs 13,342.26 crore in the January-March period of the last fiscal year from Rs 14,185.68 crore in the year-ago period.

Adani Ports rating

Adani Ports and Special Economic Zone (APSEZ) on Wednesday said it has secured an AAA rating by CARE Ratings. With this development, the company has become the first large-sized private infrastructure developer to get this recognition.

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