Ambuja Cements consolidated Result :Adani Group company Ambuja Cements Limited (ACL) has announced its results. According to the results announced on Wednesday, the company’s stand-alone net profit during the fourth quarter ending March 2024 was more than Rs 532 crore. During this period, the consolidated net profit of the company was Rs 1,526 crore and the consolidated operational revenue was about Rs 8,894 crore. The company has announced to give dividend to its shareholders at the rate of Rs 2 per share. ACL’s consolidated net profit in FY24 stood at Rs 2,334.69 crore. Whereas in FY24, the consolidated total income of the company was Rs 34,326.04 crore and on standalone basis it was Rs 18,771.97 crore.
Consolidated result figures
According to the results of Ambuja Cements announced on Wednesday, its consolidated net profit in the March quarter was Rs 1,525.78 crore, whereas in the same quarter of the last financial year, its consolidated net profit was Rs 763.30 crore. Similarly, during the quarter ending March 2024, the company’s consolidated revenue from operations stood at Rs 8,893.99 crore, which was Rs 7,965.98 crore in the same quarter of the last financial year. The total expenses of ACL in the March 2024 quarter stood at Rs 7,741.31 crore. The total consolidated revenue of the company during the same quarter was Rs 9,127.45 crore. The consolidated results of Ambuja Cements also include the financial performance of its subsidiary company ACC Limited, in which ACL holds about 51 percent stake.
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Consolidated results are not comparable
Looking at the latest figures of Ambuja Cements Limited, it shows that there has been a big jump in its consolidated result figures. The reason for this is that the figures of Sanghi Industries have also been included in these results of the company. Adani Group (Adani Group) had acquired Sanghi Industries during the third quarter of the last financial year. This is the reason why the results of the fourth quarter cannot be compared with the same period last year.
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In the fourth quarter of the financial year 2023-24, the net profit of Ambuja Cement on standalone basis was Rs 532.29 crore, which was Rs 502.40 crore a year ago. The company’s standalone operational revenue in the fourth quarter stood at Rs 4,780.32 crore. ACL’s consolidated sales volume for the financial year ending March 31, 2024 stood at 59.2 MT and on standalone basis stood at 34.4 MT.
