iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Ambuja Cements' stock gained more than 4% today

14 Nov 2022 , 03:40 PM

On the BSE on Monday during the intra-day, Ambuja Cements shares rose 5% in a range-bound market, reaching an all-time high of Rs 586. On September 20, 2022, the shares of the Adani Group Company reached a high of Rs 585.45. This record has since been surpassed. S&P BSE Sensex was down 0.01 percent at 61,786 points at 2:19 PM, in contrast, and was down.
The stock has increased 17% in the last month due to management’s anticipation that the recent drop in energy prices and the subsequent uptick in demand following the monsoon will boost the company in the upcoming quarters. Comparatively, throughout that time the benchmark index rose by 7%.

Ambuja Cements recorded a 94% decrease in its consolidated net profit for the July-September quarter (Q3CY22), to Rs 51.3 crore, as compared to Rs 891 crore reported the previous year. Additionally, the company’s profit decreased 94% on a sequential basis from Rs 865 crore gained in the April-June period.

In comparison to the same quarter last year, the consolidated revenue for the quarter was 7.5% higher at Rs 7,143 crore than it was at Rs 6,647 crore. The revenue is down 11% from the June quarter of the current fiscal year. In the June quarter, the company generated revenue of Rs. 8,033 crores. EBITDA/ton fell to Rs 432 in Q2, down 62% YoY and 53% QoQ as a result of severe margin pressures in the cement industry brought on by the sharp increase in global energy prices.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • Ambuja Cements
  • BSE
  • business
  • Companies
  • news
  • NSE
  • Share Market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.