Ambuja Cements' profit slides as lower dispatches offset cost-cutting gains
New Delhi, July 28 -- Billionaire Gautam Adani-owned Ambuja Cements Ltd's fiscal first-quarter profit (Q1FY27) declined by a third after a deliberate pullback in lower-margin sales and temporary plant shutdowns weighed on volumes, as the company focused on profitability over volumes amid rising fuel and freight costs.
India's second-largest cement maker reported a 33% fall in consolidated net profit, attributable to owners of the parent, to Rs.577 crore for the quarter ended 30 June, down from Rs.869 crore a year earlier, according to exchange filings. Revenue from operations fell 7.3% year-on-year to Rs.9,474 crore from Rs.10,244 crore, while cement sales volumes declined 7% to 17.1 million tonnes after the company shut some high-cost p...
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