Ambuja Cements Q2 Results Live : Ambuja Cements declared their Q2 results on October 28, 2024, revealing a mixed performance in the financial metrics. The company's topline saw a modest increase of 1.24% year-over-year; however, the profit took a significant hit, decreasing by 42.5% compared to the same quarter last year.
When comparing the current quarter to the previous one, Ambuja reported a decline in revenue of 9.57% and a 29.45% drop in profit. This trend raises concerns among investors about the company's short-term financial health.
Operating income also suffered, down 50.36% quarter-over-quarter and 56.21% year-over-year. These figures indicate a challenging environment for the cement manufacturer, which could impact future growth prospects.
Earnings per share (EPS) for Q2 stood at ₹2.27, reflecting a decrease of 39.29% year-over-year. This decline in EPS could be a significant factor influencing investor sentiment moving forward.
In terms of stock performance, Ambuja Cements has seen a -0.44% return in the last week, a -9.57% return over the past six months, but a relatively positive 9.31% return year-to-date. The current market capitalization of the company is ₹140,250.3 crore, with a 52-week high of ₹706.95 and a low of ₹404.05.
As of October 29, 2024, the consensus among analysts covering Ambuja Cements is leaning towards a 'Buy' recommendation. Out of 34 analysts, only 1 has given a 'Strong Sell' rating, while 4 analysts have rated it as 'Sell'. Additionally, 10 analysts suggest a 'Hold', 9 recommend 'Buy', and 10 have given a 'Strong Buy' rating.
The overall outlook for Ambuja Cements remains cautiously optimistic, as analysts see potential for recovery despite the recent downturn in profits.
Ambuja Cements Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 7516.11 | 8311.48 | -9.57% | 7423.95 | +1.24% |
| Selling/ General/ Admin Expenses Total | 2173.78 | 2413.16 | -9.92% | 2141.59 | +1.5% |
| Depreciation/ Amortization | 551.96 | 467.43 | +18.08% | 380.9 | +44.91% |
| Total Operating Expense | 7112.84 | 7499.1 | -5.15% | 6503.03 | +9.38% |
| Operating Income | 403.27 | 812.38 | -50.36% | 920.92 | -56.21% |
| Net Income Before Taxes | 712.67 | 1102.68 | -35.37% | 1339.71 | -46.8% |
| Net Income | 455.96 | 646.31 | -29.45% | 792.96 | -42.5% |
| Diluted Normalized EPS | 2.27 | 2.65 | -14.32% | 3.74 | -39.29% |
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