Ambuja Cements Q2 net profit plunges 90%
In short
Ambuja Cements said its Q2 net profit fell 90% from a year ago.
Revenue was almost flat at ₹9,197 crore, below the ₹9,289 crore estimate and close to ₹9,175 crore last year. The report does not say what caused the profit drop.
What the reporting says
Ambuja Cements reported a 90% year-on-year fall in net profit in Q2, and revenue was largely flat at ₹9,197 crore, according to a publisher summary. Revenue also missed the CNBC-TV18 poll estimate of ₹9,289 crore, compared with ₹9,175 crore in the same quarter last year. The reporting does not state the net profit figure or explain the decline, but the miss is clear.
Why it matters
Ambuja Cements reported a 90% year-on-year plunge in Q2 net profit, while revenue stayed nearly flat at ₹9,197 crore versus ₹9,175 crore a year earlier. The figure also missed the CNBC-TV18 poll estimate of ₹9,289 crore. The available reporting does not give the profit amount or the reason for the sharp decline, leaving the earnings shock as the main takeaway.