Ambuja Cements’ profit slumps 90% on higher costs, high previous-year base

Ambuja Cements reported a significant decline in its profit, slumping 90% to ₹236 crore in the second quarter of the current fiscal year. This drop is largely due to higher costs, including fuel, logistics, and operating expenses. The company's revenue remained steady at ₹9,197 crore, but its earnings before interest, taxes, depreciation, and amortization (EBITDA) fell by 28%. The sharp decline in profit highlights the need for Ambuja Cements to control its costs effectively to maintain its competitiveness in the market.

Why it matters

Ambuja Cements' profit declined 90% due to higher costs. This could lead to a decrease in investor sentiment and a potential drop in the company's stock price.

Market impact

Transmission channels

Likely winners & losers

Explore the intelligence

MeridStreet does not reproduce source articles. The summary and analysis above are generated by MeridStreet from public headlines and its own market model; the original reporting belongs to Economic Times. For information only — not financial advice.