Net profit of Ambuja Cements declined 42.50% to Rs 455.96 crore in the quarter ended September 2024 as against Rs 792.96 crore during the previous quarter ended September 2023. Sales rose 1.24% to Rs 7516.11 crore in the quarter ended September 2024 as against Rs 7423.95 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales7516.117423.95 1 OPM %14.7917.54 - PBDT1420.831720.61 -17 PBT868.871339.71 -35 NP455.96792.96 -42 Powered by Capital Market - Live

However, revenue from operations rose 1.24% YoY to Rs 7,516.11 crore in the quarter ended 30 September 2024. Profit before exceptional item and tax stood at Rs 868.87 crore in September 2024 quarter, down 35.14% YoY. The firm reported an exceptional loss of Rs 156.20 crore during the quarter. Ambuja Cements' sales volume (cement and clinker) stood at 14.2 million tons during the second quarter of FY25, registering a growth of 8.4% on YoY basis. For Q2 of FY25, operating EBITDA declined 14.67% YoY to Rs 1,111 crore while EBITDA margin reduced to 14.8% as against 17.5% recorded in the similar quarter previous fiscal. EBITDA PMT de-grew 21.61% to Rs 780 in September 2024 quarter as against Rs 995 crore recorded in Q2 previous year. Net worth increased by Rs 450 crore during quarter and stood at Rs 59,916 crore, the company stated that it remained debt free & continued to maintain Crisil AAA (stable) / Crisil A1+ ratings. The cash & cash equivalent stood at Rs 10,135 crore, enables to accelerated growth in future. The cement maker said that the higher volume along with improved operational parameters resulted in growth in all business parameters. Ajay Kapur, whole time director & CEO, Ambuja Cements, said, 'We are glad to deliver another sustained performance aligned to our growth blueprint and setting new benchmarks in efficiency. We continue to focus on innovation, digitalisation, customer satisfaction and ESG as the core elements of our business. With our strong foothold across the nation, we are further expanding our footprint in new geographies in-line with our vision. Post successful completion of the orient cement transaction, we are well poised to achieve 100+ MTPA capacity by this fiscal year end.' On the outlook front, Ambuja Cements said, 'Strong infrastructure demand and ongoing needs from the housing and commercial sectors are anticipated to boost cement demand in H2 FY25. The introduction of PMAY Urban Housing 2.0, with an allocation of Rs 11 lakh crore, along with Government's continued focus on infrastructure development as the key to economic growth augurs well for cement sector. Strategic investments in roads, railways along with urban and commercial amenities, is poised to drive robust growth. We expect demand during FY25 to grow in the range of 4-5%.' Ambuja Cements is a major cement producing company in India. The principal activity of the company is to manufacture and market cement and clinker for both domestic and export markets. The scrip jumped 3.87% to currently trade at Rs 574.75 on the BSE.Powered by Capital Market - Live

The key equity benchmarks ended with major cuts on Tuesday. The Nifty ended below 24,500 level after hitting day's high of 24,882 in morning trade. All the sectoral indices in the NSE were traded in red. As per provisional closing data, the barometer index, the S&P BSE Sensex declined 930.55 points or 1.15% to 80,220.72. The Nifty 50 index declined 309 points or 1.25% to 24,472.10. In the broader market, the S&P BSE Mid-Cap index dropped 2.52% and the S&P BSE Small-Cap index tumbled 3.81%. The market breadth was weak. On the BSE, 560 shares rose and 3,425 shares fell. A total of 74 shares were unchanged. Economy: According to the RBI article, findings on monetary policy transmission in India suggest that monetary policy changes affect short term interest rates more than long-term rates. RBI in this article examines the impact of the monetary policy tightening that was undertaken since May 2022 in India. While anticipated policy changes do not have any instantaneous impact on long-term rates, policy 'surprises' significantly impact all market segments and across tenors. Policy signals tend to wane, however, beyond the three-year tenure, the paper noted. Policy 'surprises' are found to have a relatively lower but significant pass-through to the exchange rate and equity prices. In terms of the impact of the policy rate tightening on the real economy, a significant negative impact on inflation expectations is observed. The long-run elasticity of the policy rate with respect to inflation expectation reveals that an increase in policy rate anchors expectations effectively. As per the article, the macroeconomic impact of monetary policy on aggregate demand and inflation indicate that the 250 basis points increase since May 2022 has negatively contributed to aggregate demand and headline inflation by 160 bps each till Q2:2024-25, working through various channels of policy transmission. New Listing: Shares of Hyundai Motor India closed at Rs 1,846.95 on the BSE, representing a discount of 5.77% over its issue price of Rs 1960. The scrip was listed at Rs 1931, at a 1.48% discount to its issue price. The stock has hit a high of Rs 1968.80 and a low of Rs 1807.05 so far in the trading session. Over 15.86 lakh shares of the company had changed hands at the counter till now. IPO Update: The initial public offer (IPO) of Deepak Builders & Engineers India received bids for 3,78,16,044 shares as against 89,67,061 shares on offer, according to stock exchange data at 15:30 IST on Tuesday (22 October 2024). The issue was subscribed 4.22 times. The issue opened for bidding on Monday (21 October 2024) and it will close on Wednesday (23 October 2024). The price band of the IPO is fixed between Rs 192 to Rs 203 per share. An investor can bid for a minimum of 73 equity shares and in multiples thereof. The initial public offer (IPO) of Waaree Energies received bids for 16,40,01,762 shares as against 2,10,79,384 shares on offer, according to stock exchange data at 11:18 IST on Tuesday (22 October 2024). The issue was subscribed 7.78 times. The issue opened for bidding on Monday (21 October 2024) and it will close on Wednesday (23 October 2024). The price band of the IPO is fixed between Rs 1,427 to Rs 1,503 per share. An investor can bid for a minimum of 9 equity shares and in multiples thereof. Buzzing Index: Buzzing Index: The Nifty PSU Bank index fell 4.18% to 6,323.85. The index declined 5.21% in two consecutive trading sessions. Punjab National Bank (down 7.18%), Central Bank of India (down 6.48%), Bank of Maharashtra (down 5.98%), Canara Bank (down 5.9%) and Indian Overseas Bank (down 5.86%), Punjab & Sind Bank (down 5.68%), UCO Bank (down 5.67%), Bank of Baroda (down 4.93%), Bank of India (down 4.04%) and State Bank of India (down 2.89%) declined. Stock in Spotlight: Ambuja Cements fell 1.81%. The company said that it has signed a binding agreement for the acquisition of Orient Cement (OCL) at an equity value of Rs 8,100 crore. Ambuja will acquire 46.8% shares of OCL from its current promoters and certain public shareholders. The acquisition will be fully funded through internal accruals. HFCL tumbled 7.48%. The telecom gear maker's consolidated net profit rose 4.50% to Rs 73 crore on 1.61% decline in revenue to Rs 1094 crore in Q2 September 2024 over Q2 September 2023. City Union Bank surged 11.77% after the private sector bank's net profit rose 1.62% to Rs 285.17 crore on 11.71% jumped in total income to Rs 1,660.26 crore in Q2 FY25 over Q2 FY24. Lemon Tree Hotels slipped 3.48%. The company announced the signing of a new property in Kalaburagi, Karnataka. The hotel, to be managed by Carnation Hotels, is expected to open in fiscal year 2027. Mahindra Logistics declined 5.30%. The company's consolidated net loss narrowed to Rs 10.75 crore in Q2 FY25 as against a net loss of Rs 15.93 crore posted in Q2 FY24. Revenue from operations grew by 11.45% to Rs 1,521.10 crore in Q2 FY25 as compared to Rs 1,364.76 crore recorded in Q2 FY24. Spectrum Foods fell 1.85% after the company signed non-binding letter of intent with InterContinental Hotels Group (IHG) for the management and branding of their upcoming 5-star resort in Pushkar, Rajasthan. Cyient DLM dropped 4.82%. The company reported consolidated net profit of Rs 15.50 crore in Q2 FY25, up 5.44% as against Rs 15.50 crore posted in Q2 FY24. Revenue from operation was at Rs 389.40 crore in Q2 FY25, registering a growth of 33.44% year on year. Union Bank of India slipped 1.93%. The bank's standalone net profit jumped 34.41% to Rs 4,719.74 crore on 13.27% increase in total income to Rs 32036.46 crore in Q2 FY25 over Q2 FY24. One 97 Communications (Paytm) declined 5.31%. The company reported profit after Tax (PAT) of Rs 930 crore in Q2 FY25, including exceptional gain of Rs 1,345 crore on account of sale of entertainment ticketing business. The company reported net loss of Rs 292 crore in Q2 FY24 and a net loss of Rs 840 crore Q1 FY25. The company's operating revenue for Q2 FY25 reached Rs 1,660 crore, marking an impressive 11% quarter-over-quarter (QoQ) increase. The contribution margin expanded to 54%, up from 50.44% in the previous quarter. This translated to a contribution profit of Rs 894 crore, a substantial 18% QoQ growth. Global market: European stocks declined on Tuesday as investors assessed earnings from bellweather firms across the region. Asian shares ended mixed on Tuesday. In Japan, investors await general elections and a Bank of Japan (BoJ) meeting at the end of October. Tokyo's inflation data, due later this week, will likely influence expectations for Japanese interest rates. Wall Street's retreat from record highs also weighed on regional sentiment. Rising Treasury yields and the looming earnings season contributed to the S&P 500's 0.18% decline. The Dow Jones Industrial Average fell 0.8%, while the NASDAQ Composite gained 0.27%. NVIDIA Corporation's 4% surge to a new all-time high, boosting its market cap above $3.5 trillion, helped mitigate broader market losses as investors anticipated the start of big tech earnings season. With the U.S. presidential elections less than two weeks away, investors were keenly focused on that event. Additionally, a series of major U.S. corporate earnings reports were expected to shape market sentiment. In the Middle East, Israel's ongoing offensive against Hamas and Hezbollah continued to garner significant attention. Concerns about a potential Israeli strike on Iran also remained prominent.Powered by Capital Market - Live

Ambuja will acquire 46.8% shares of OCL from its current promoters and certain public shareholders. The acquisition will be fully funded through internal accruals. Consequent to the proposed acquisition, Ambuja Cements has announced an open offer for up to 5.34 crore equity shares, constituting 26% of the expanded share capital, at a price of Rs 395.40 per equity share from the public shareholders of OCL. The open offer price represents 12.27% premium to OCL's previous closing price of Rs 352.2. Shares of Orient Cement were currently trading 0.20% lower, at Rs 351.50, while those of Ambuja Cements hovered at Rs 567.40 (down 0.79%) on the BSE. Orient Cement has 5.6 MTPA clinker capacity and 8.5 MTPA cement capacity along with statutory clearance to increase the clinker capacity by another 6.0 MTPA and cement capacity by another 8.1 MTPA. It had recorded turnover of Rs 3,185.09 crore in FY24. OCL has a limestone mining lease in Chittorgarh for setting up an integrated unit (IU) with clinker of 4 MTPA and a split grinding unit (GU) of 6 MTPA in North India. OCL has also secured a concession from MPPGCL, Madhya Pradesh for setting up a grinding unit within the premises of Satpura Thermal Power Plant. Both these complement the Adani Group's existing cement footprint,' Ambuja Cements stated. The Adani Group company further said that it plans to optimize OCL's overall capacity utilization to enhance its cost and competitiveness and improve its operating performance while leveraging the synergies inherent in the existing cement business. Karan Adani, director of Ambuja Cements, said: 'This timed acquisition marks another significant step forward in Ambuja Cements' accelerated growth journey, increasing cement capacity by ~30 MTPA within two years of Ambuja's acquisition. By acquiring OCL, Ambuja is poised to reach 100 MTPA cement capacity in FY25. The acquisition will help to expand Adani Cement's presence in core markets and improve its pan-India market share by 2%. OCL's assets are highly efficient, equipped with railway sidings and well supported by captive power plants, renewable energy, WHRS and AFR facilities. OCL's strategic locations, high-quality limestone reserves and requisite statutory approvals present an opportunity to increase cement capacity in the near term to 16.6 MTPA. Ambuja Cements is a major cement producing company in India. The principal activity of the company is to manufacture and market cement and clinker for both domestic and export markets. The cement major's consolidated net profit fell 28.63% to Rs 646.31 crore in Q1 FY25 as against Rs 905.61 crore recorded in Q1 FY24. Revenue from operations declined 4.61% YoY to Rs 8,311.48 crore in the quarter ended 30 June 2024. Powered by Capital Market - Live

Ambuja Cements announced the signing of a binding agreement for the acquisition of Orient Cement (OCL) at an equity value of Rs. 8,100 crore. Ambuja will acquire 46.8% shares of OCL from its current promoters and certain public shareholders. The acquisition will be fully funded through internal accruals. OCL has 5.6 MTPA clinker capacity and 8.5 MTPA cement capacity along with statutory clearance to increase the clinker capacity by another 6.0 MTPA and cement capacity by another 8.1 MTPA. In addition, OCL also has a limestone mining lease in Chittorgarh for setting up an Integrated Unit (IU) with clinker of 4 MTPA and a split Grinding Unit (GU) of 6 MTPA in North India. OCL has also secured a concession from MPPGCL, Madhya Pradesh for setting up a Grinding Unit within the premises of Satpura Thermal Power Plant. Both these complement the Adani Group's existing cement footprint. OCL has recently commissioned a WHRS in Chittapur IU and is in the final stage of commissioning 16 MW solar in Chittapur and 3.7 MW solar in Jalgaon. OCL's efficient plants, highly motivated teams, strong balance sheet and well-distributed dealer network will be excellent additions to the Adani Group's existing cement business. OCL's existing dealers will move to Adani Cement's market network, creating formidable synergies. Ambuja plans to optimize OCL's overall capacity utilization to enhance its cost and competitiveness and improve its operating performance while leveraging the synergies inherent in the existing cement business.Powered by Capital Market - Live

Ambuja Cements will hold a meeting of the Board of Directors of the Company on 28 October 2024.Powered by Capital Market - Live

Ambuja Cements has completed the acquisition of Penna Cement Industries (PCIL) on 16 August 2024. Consequently, PCIL has become a subsidiary of the Company effective from 16 August 2024. Powered by Capital Market - Live