Ambuja Cements post Q1 profit at ₹789.63 crore; revenue at ₹8,311.48 crore

The company had reported a net profit of ₹1,135.46 crore in the April-June period a year ago, according to a regulatory filing by Ambuja Cements Ltd. (ACL).

Consolidated revenue from operations was at ₹8,311.48 crore during the quarter ended June. It was ₹8,712.90 crore in the corresponding period last fiscal.

According to ACL, consolidated financial results for the quarter, preceding quarter, and FY 2023-24 include the results of Sanghi, which it acquired in August last year. It also posted results of ACCPL (Asian Concretes and Cements Pvt Ltd), which was acquired by its subsidiary ACC.

"The results for the current quarter, preceding quarter and year ended March 31, 2024, are not comparable with the quarter ended June 30, 2023, to that extent," it said.

Total expenses in the June quarter were at ₹7,566.91 crore.

The total Income of ACL, which includes other income as well, was at ₹8,666.20 crore in the quarter ended June.

Shares of Ambuja Cements Ltd. were trading on Wednesday at ₹681.85 apiece on BSE, up 1.10% from the previous close.