Ambuja Cements Ltd (AMBUJACEM)

Mixed Q4 Performance for Ambuja Cements - 03 May, 2024

Ambuja Cements' Q4 results showed an increase in revenue and profit, but brokerages remain cautious due to weak cement pricing. Prabhudas Lilladher recommends holding with a target price of Rs 652, while Motilal Oswal maintains a neutral stance with a target price of Rs 600.

Ambuja Cements Reports Strong Q4 Results - 02 May, 2024

Ambuja Cements reported strong Q4 results with consolidated net profit surging by 63.61% YoY to Rs 1,055.16 crore and sales volume increasing by 17.73%. Standalone net profit for the quarter ended March 2024 was at Rs 532 crore, up 6% YoY.

Ambuja Cements Reports Strong Q4 and FY24 Results - 01 May, 2024

Ambuja Cements records strong financial results for Q4 FY24 with a surge in consolidated net profit by 64% YoY. The company also recommends a dividend of Rs 2 per equity share. However, brokerages have mixed views on the expected earnings for Q4 FY24 due to soft cement prices.

Ambuja Cement Q4 FY24 Earnings to Show Rise in Revenue and Volume, but Fall in Profit - 30 Apr, 2024

Ambuja Cement is set to announce its Q4 FY24 earnings on May 1. While revenue and volume are expected to rise due to continued demand and Sanghi Industries contributions, net profit for the period is expected to fall by 16% YoY due to weak pricing. Analysts estimate consolidated volume for the quarter to increase by 13% YoY to 16 million tonnes during January-March.

ACC Reports 12% YoY Rise in Revenue, Recommends Dividend - 25 Apr, 2024

ACC, a unit of Ambuja Cements, reported a 12% YoY rise in revenue from operations at ₹5,409 crore and recommended a dividend of ₹7.5 per share. The outlook for the cement industry remains positive based on higher budgetary allocation to infrastructure and construction, government's push for affordable housing, green energy transition, demand-supply dynamics, and greater consolidation.

Adani Family Raises Stake in Ambuja Cements - 24 Apr, 2024

The Adani family has infused Rs 6,661 crore in Ambuja Cements, increasing their stake to around 67%. The company has also completed the acquisition of a cement grinding unit in Tamil Nadu. Analysts remain positive on the stock with expected targets at Rs 700-730.

Ambuja Cements Plans Acquisitions to Overtake Ultratech Cement - 22 Apr, 2024

Ambuja Cements is planning acquisitions and investments to become India's largest cement maker, overtaking Ultratech Cement. The company's high P/E ratio has raised concerns among analysts, but the industry is expected to close FY24 with decent volume growth.

Adani Family Infuses Funds into Ambuja Cements - 18 Apr, 2024

The Adani family infused over Rs 16,679 crore in Ambuja Cements, raising their stake by 3.6% to 70.3%. The company aims to achieve a production target of 140 million tonnes per year by 2028. Ambuja acquired a grinding unit in Tamil Nadu and SIL contemplates raising funds on April 22.

Adani Family Invests in Ambuja Cements - 17 Apr, 2024

The Adani family has invested ₹8,339 crore in Ambuja Cements through warrants, increasing their stake by 3.6%. The fund infusion will enable strategic initiatives such as debottlenecking capex and enhancing operational performance. Nomura analysts predict no immediate pricing pressure from Ambuja's entry into southern markets. Prabhudas Lilladher expects a 4.1% YoY decline in net profit for Ambuja Cement.

Ambuja Cements Acquires Grinding Unit in Tamil Nadu - 16 Apr, 2024

Adani-owned Ambuja Cements has acquired My Home Group's grinding unit in Tamil Nadu for Rs 413.75 crore, expanding its presence in the South Indian market and taking Adani Group's total cement capacity to 78.9 MTPA.

Ambuja Cements Expands Footprint Through Acquisition; Adani Aims for 20% Market Share - 15 Apr, 2024

Ambuja Cements acquires a 1.5 MTPA Cement Grinding Unit in Tuticorin, Tamil Nadu, while Adani Group aims to secure 20% of the Indian cement market by FY28 through Adani Cement's intensified capacity expansion pace.

Adani Cement Aims to Capture 20% Market Share by FY28 - 12 Apr, 2024

Adani Cement plans to use internal resources to execute its accelerated capital expenditure program, targeting a 16% expansion rate to achieve a capacity of 140 million tonnes per annum by FY2028. The company projects a growth trajectory, aiming to elevate its current 14% market share to 20% by FY28, positioning itself as the second-largest player in the sector.

Ambuja Cements' Q3FY24 Operating Revenues and After-Tax Profits Rise - 11 Apr, 2024

Ambuja Cements Ltd's operating revenues rose from Rs 7,424 crores to Rs 8,129 crores during Q2FY24 to Q3FY24 respectively. The after-tax profits also increased from Rs 987 crores to Rs 1,090 crores in the same period. The company's P/E ratio is lower than its industry average.