{"id":4697,"date":"2024-10-28T15:03:02","date_gmt":"2024-10-28T09:33:02","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=4697"},"modified":"2024-10-28T15:03:03","modified_gmt":"2024-10-28T09:33:03","slug":"ambuja-cements-q2-profit-drops-42-to-rs-456-crore-due-to-weak-prices-and-demand","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/ambuja-cements-q2-profit-drops-42-to-rs-456-crore-due-to-weak-prices-and-demand\/","title":{"rendered":"Ambuja Cements’ Q2 Profit Drops 42% to Rs 456 Crore Due to Weak Prices and Demand"},"content":{"rendered":"\n

Ambuja Cements, part of the Adani Group, reported a 42% year-on-year decline in consolidated net profit for Q2 FY25, reaching Rs 456 crore as weak cement prices and sluggish demand weighed on earnings. Although revenue rose slightly by over 1% to Rs 7,516 crore, the company’s profit missed analysts’ expectations.<\/p>\n\n\n\n

Operating costs saw a 4% reduction per metric tonne, thanks to a 13% decrease in kiln fuel costs from increased use of low-cost imported petcoke and e-auction coal. However, the EBITDA margin fell to 14.8%, down from 17.5% last year, reflecting pricing pressures and subdued growth in the cement sector.<\/p>\n\n\n\n

Sales volume of clinker and cement was up 9.0% YoY to 14.2 million tonnes, its highest Q2 volume in five years. The financial performance was more complex considering the recent acquisitions for stakes in Asian Concretes and Sanghi Industries.<\/p>\n\n\n\n

Do you have a news tip for Lakshmishree reporters? Please email us at <\/em>media@lakshmishree.com<\/p>\n\n\n\n

Source:\u00a0Moneycontrol<\/a><\/sup><\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"

Ambuja Cements, part of the Adani Group, reported a 42% year-on-year decline in consolidated net profit for Q2 FY25, reaching Rs 456 crore as weak cement prices and sluggish demand weighed on earnings. Although revenue rose slightly by over 1% to Rs 7,516 crore, the company’s profit missed analysts’ expectations. Operating costs saw a 4% […]<\/p>\n","protected":false},"author":1,"featured_media":4698,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[62],"tags":[592],"class_list":["post-4697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-results","tag-ambuja-cement-q2"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=4697"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4697\/revisions"}],"predecessor-version":[{"id":4699,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4697\/revisions\/4699"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/4698"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=4697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=4697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=4697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}