New Delhi, Jan. 30 -- Ambuja Cements Ltd, part of billionaire Gautam Adani-led Adani Group, announced its financial performance for the quarter ending December today, January 30, reporting a consolidated net profit of Rs.367 crore, down 86% from Rs.2,663 crore in the same period last year.

The sharp drop in net profit for the quarter can be attributed to a significant rise in operating expenses, which jumped to Rs.9,941 crore from Rs.8,373 crore in the same period last year. Net profit was also impacted by a one-time charge of Rs.107 crore related to the implementation of the new labour codes.

The company reported a consolidated revenue from operations rising to Rs.10,180 crore, up 20% year-on-year from Rs.8,498 crore in Q2FY25.

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