Ambuja Cements edges higher on reporting 99% rise in Q4 consolidated net profit
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Ambuja Cements is currently trading at Rs. 620.70, up by 1.00 points or 0.16% from its previous closing of Rs. 619.70 on the BSE.
The scrip opened at Rs. 616.95 and has touched a high and low of Rs. 626.50 and Rs. 609.70 respectively. So far 199882 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 649.00 on 25-Apr-2024 and a 52 week low of Rs. 376.00 on 03-May-2023.
Last one week high and low of the scrip stood at Rs. 649.00 and Rs. 609.70 respectively. The current market cap of the company is Rs. 166207.33 crore.
The promoters holding in the company stood at 66.74%, while Institutions and Non-Institutions held 25.57% and 7.69% respectively.
Ambuja Cements has reported 5.95% rise in its net profit at Rs 532.29 crore for the fourth quarter (Q4) ended March 31, 2024 as compared to Rs 502.40 crore for the same quarter in the previous year. Total income of the company increased by 11.89% at Rs 4957.14 crore for Q4FY24 as compared Rs 4430.28 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 99.89% rise in its net profit at Rs 1525.78 crore for fourth quarter ended March 31, 2024 as compared to Rs 763.30 crore for the same quarter in the previous year. Total income of the company increased by 10.63% at Rs 9127.45 crore for Q4FY24 as compared Rs 8250.45 crore for the corresponding quarter previous year.
