Ambuja Cements Q2 net profit plunges 90 pc as margins come under pressure
Indian markets moved higher in a quarterly results development with September 30 in focus.
· BS Companies
Ambuja Cements Ltd reported a 90 per cent year-on-year plunge in consolidated net profit to Rs 236 crore for the September quarter, as higher fuel and logistics costs and seasonal weakness squeezed operating margins at the Adani Group company.
Key facts
- Dates in focus
- September 30
The analysis
Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Why it matters
- Credit growth and asset quality are the pulse of the financial sector, which is the largest weight in Indian indices.
Market context
- Sectors in the story: Cement & Construction.
Cement & Construction
1M -5.4% · 3M -15.2%
Sector moves are the average of the stocks we track in each sector.
In this story
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