The Competition Commission of India has initiated an investigation against ACC Ltd. and Ambuja Cements Ltd., the two companies said in their exchange filings.Both the Holcim group subsidiaries, however, said that they have acted in compliance with … Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. On a year-to-date (YTD) basis, the benchmark S&P BSE Sensex has added 13.43% while ACC and Ambuja Cements have gained 13.39% and 27.66%, respectively. The consolidated result of Ambuja Cements also includes the financial performance of … India: Ambuja Cement’s net profit in the first half of 2020 was US$22.1m, up by 1.5% year-on-year from US$21.7m in the first half of 2019. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Copyrights © 2020 Business Standard Private Ltd. All rights reserved. Business Standard is happy to inform you of the launch of "Business Standard Premium Services". Related Views On News AMBUJA CEMENT Announces Quarterly Results (2QFY21); Net Profit Up 51.4% (Quarterly Result Update) Oct 26, 2020 | Updated on Oct 26, 2020. Enjoy Reading! Business Standard is happy to inform you of the launch of "Business Standard Premium Services". Kindly visit the Manage my subscription page to discover the benefits of this programme. An ET Now poll had expected the company to report a net profit of Rs 320 crore. Your support through more subscriptions can help us practise the journalism to which we are committed. In separate regulatory filings made after market hours yesterday, ACC and Ambuja Cements said that their respective boards had approved the renewal of the existing technology and know-how agreement (TKH agreement) with Holcim Technology (HTL) under which they pay TKH fees at 1% of net sales each year, to HTL, for a period of 2 years with effect from 1 January 2021, i.e., on the same terms of the existing TKH Agreement. Shares of ACC and Ambuja Cements were up 4% to 5% after the companies announced the renewal of technical know-how fees (TKH) to parent at 1% of net sales for the next two years. document.write("");googletag.cmd.push(function(){googletag.defineOutOfPageSlot('/6516239/outofpage_1x1_desktop','div-gpt-ad-1490771277198-0').addService(googletag.pubads());googletag.pubads().enableSyncRendering();googletag.enableServices();}); Meanwhile, the S&P BSE Sensex rose 395.42 points or 0.85% to 46,839.60. Stocks in news:Ambuja Cement presented better results than estimates अंबुजा सीमेंट ने पेश किए अनुमान से बेहतर नतीजे As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Support quality journalism and subscribe to Business Standard. AMBUJA CEMENT has announced its results for the year ended December 2019. Ambuja Cement Limited on Thursday reported a 50.5% year-on-year (YoY) increase in consolidated net profit at Rs 803.5 crore, for the July-September quarter. Revenues decreased by 15% to US$127m from US$149m. Updated: 02 May 2019, 12:57 AM IST Harsha Jethmalani. Last Updated at December 24, 2020 11:04 IST. ACC rose 4.77% to Rs 1655 while Ambuja Cements jumped 6.24% to Rs 252.15. Last Updated at October 22, 2019 17:04 IST. Your support through more subscriptions can help us practise the journalism to which we are committed. Ambuja Cements Q3 consolidated net up 51 per cent at Rs 804 cr EBITDA increased by 55 per cent for the quarter Ambuja Cement net down 29 pc on lower sales Ambuja Cement has reported a … The stock hit a 52-week low of Rs 184.15 on 9 October 2019. The Cement Manufacturers Association in India … Meanwhile, the S&P BSE Sensex rose 395.42 points or 0.85% to 46,839.60. (Bloomberg) Ambuja Cements’ premium valuation is at risk in the wake of dismal results 2 min read. Ambuja’s greenfield plant in Rajasthan with clinker and cement capacity of 3 million tonnes and 1.8 million tonnes is scheduled for commissioning by June-2021. Digital Editor. Ambuja Cement has also declared an interim dividend of Rs 17 per share. Kindly visit the Manage my subscription page to discover the benefits of this programme. Mumbai: In a board meeting yesterday, ACC/Ambuja announced renewal of Technical Know-how fees (TKH) to parent at 1% of net sales for next 2 years, w.e.f. New Delhi: Ambuja Cements and ACC, both owned by Swiss group LafargeHolcim, on Thursday said they will make investments worth over Rs 780 crore at their plants to reduce carbon dioxide emissions.The companies would be investing in green power generation that will help reduce the carbon footprint, according to a joint statement. It revenues dropped by 7.8% to US$1.07bn from US$1.16bn, primarily due to the impacts of the Coronavirus outbreak. ), Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. On the BSE, 6.49 lakh shares were traded in the counter so far compared with average daily volumes of 1.43 lakh shares in the past two weeks. Ambuja Cements is engaged in the manufacture of clinkers and cement. As a premium subscriber you get an across device unfettered access to a range of services which include: Welcome to the premium services of Business Standard brought to you courtesy FIS. January 01, 2021.The agreement is renewed on the same terms and conditions as exists in the current ongoing agreement which expires in December 2020. The result was announced after trading hours on Friday, 18 October 2019. Ambuja Cement Q4 result today; Here's what to expect Murtuza Arsiwalla and Abhishek Poddar of Kotak Institutional Equities in their report stated that Pan-India players (which also includes Ambuja Cement) are expected to report weaker prices, higher costs and lower volumes due to demonetisation which will result in sequential decline in their earnings. Consolidated sales volume fell 3.16% to 11.63 million tonnes in Q3 September 2019 as against 12.01 million tonnes in Q3 September 2018. This has been possible with a clear focus on product mix enrichment and reduction in logistics costs. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. Ambuja Cement News, Ambuja Cement Latest News, Results, Updates and Analysis on NDTV Profit. AMBUJA CEMENT Income Statement Analysis. ... Ambuja Cements Q4 result today, … Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. We believe in free, fair and credible journalism. India Ltd counter, SSWL bags new export orders from US, Europe, Bharat Petroleum Corporation Ltd rises around 1%, Tata Power Company Ltd spurts 1.35%, up for third straight session, Indian Oil Corporation Ltd up for third straight session, Ambuja Cements reports 31 pc jump in Q2 profit at Rs 235 crore, Ambuja Cement's net profit up 57% in March quarter, Ambuja Cements Q3 net profit up 34 pc at Rs 533 cr, Ambuja Cements gains after good Q1 result, Access Exclusive content - articles, features & opinion pieces, Weekly Industry/Genre specific newsletters - Choose multiple industries/genres, Access to 17 plus years of content archives, Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box, End of day news alerts on 5 companies (via email). Ambuja Cement is set to announce its quarterly financial performance anytime on Monday. "In the backdrop of general slowdown in economy and subdued construction activity, Ambuja has delivered yet another quarter of good EBITDA and PAT growth despite lower volumes. The above factors along with higher spends in infrastructure and affordable housing are also expected to favor demand. I am also happy to report significant progress at our greenfield project site in Marwar Mundwa." Get more Markets News and Business News on Zee Business. Ambuja Cements, ACC shares decline as CCI initiates investigation against cement companies The stock of Ambuja Cements declined 2.96 per … Mumbai-based Ambuja Cement registered a consolidated net profit of Rs 803.5cr during the quarter ending September 2020. Ambuja Cements lost 5.71% to Rs 195.80 after consolidated net profit jumped 33.68% to Rs 385 crore on 1.36% rise in net sales to Rs 5,957 crore in Q3 September 2019 over Q3 September 2019. Ambuja Cement on Friday posted a 10 per cent rise in standalone net profit at Rs 453.37 crore in the second quarter of calendar year 2020. The Q3 PAT rose by 50.5% compared to Rs533.85cr profit recorded in … The firm operates through cement and cement related products segment. Shares of cement makers fell as the competition watchdog initiated an investigation against alleged anti-competitive behaviour. The cement maker had reported a net profit of Rs 412.05 crore in the same quarter a year ago. India Ltd counter, SSWL bags new export orders from US, Europe, Bharat Petroleum Corporation Ltd rises around 1%, Tata Power Company Ltd spurts 1.35%, up for third straight session, Indian Oil Corporation Ltd up for third straight session, Ambuja Cements hits 52-week high, spurts 18% in eight days, Indices hit day's low; breadth turns weak, Sensex rises 500 pts; India VIX tumbles nearly 5%, Access Exclusive content - articles, features & opinion pieces, Weekly Industry/Genre specific newsletters - Choose multiple industries/genres, Access to 17 plus years of content archives, Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box, End of day news alerts on 5 companies (via email). LafargeHolcim’s conviction on India’s cement sector augurs well for ACC-Ambuja combine 27.10.2020 Ambuja Cements Consolidated September 2020 Net Sales at Rs 6,169.47 crore, up 1.51% Y-o-Y As a premium subscriber you get an across device unfettered access to a range of services which include: Welcome to the premium services of Business Standard brought to you courtesy FIS. Cement major Ambuja is in focus ahead of it’s earnings as peer companies so far have managed to post operationally strong numbers. Copyrights © 2020 Business Standard Private Ltd. All rights reserved. ACC rose 4.77% to Rs 1655 while Ambuja Cements jumped 6.24% to Rs 252.15. Its … Meanwhile, the S&P BSE Sensex was down 332 points or 0.84% to 38,966.48. Healthy monsoon bodes well for rural housing demand which is a key segment for cement. For the quarter ended September 2020, AMBUJA CEMENT has posted a net profit of Rs 8 bn (up 51.4% YoY). ACC and Ambuja Cement share prices: With renewal of the TKH with Holcim, the concern about a higher fee and an overhang on the stock price is likely to go away. Team Business Standard, Last Updated at October 22, 2019 17:04 IST, eClerx Services gains on acquring US-based firm, Lemon Tree Hotels Ltd leads losers in 'A' group, Valiant Organics Ltd leads losers in 'B' group, Volumes soar at Johnson Controls-Hitachi Air Condition. We, however, have a request. Ambuja Kawach for all your building needs Engineered with cutting edge technology – Ambuja Kawach is a specially formulated cement with high … Ambuja Cements Company News Article Ambuja Cements share /stock news, Company news and announcements, Ambuja Cements company latest article and updates, company results, business news on Moneycontrol. In the last decade the company has grown tenfold. ACC in fact posted results that were significantly higher than analyst estimates and were operationally very strong. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. HTL held 4.48% stake in ACC while its stake in Ambuja Cements was 63.27% as on 30 September 2020. Get latest Ambuja Cements News/Updates and Results/Analysis. Topics Capital Market  (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed. Ambuja Cements Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 49462.42 Crore) operating in Cement sector. We, however, have a request. With these efforts, I am happy to announce that Ambuja Cement is now ranked 4th in the global Dow Jones Sustainability Index rankings, emphasizing our strong focus on sustainability. Ambuja Cements (ACEM) board of directors has approved renewal of the technical and know-how (TKH) agreement with parent Holcim Technology (HTL) on same terms as the current agreement. The increase in profit has been due to the company’s cost reduction programs, and increased volume growth. Print India: Ambuja Cement’s profit in the first nine months of 2020 was US$176m, up by 21% year-on-year from US$146m in the first nine months of 2019. Team Business Standard, Last Updated at December 24, 2020 11:04 IST, eClerx Services gains on acquring US-based firm, Lemon Tree Hotels Ltd leads losers in 'A' group, Valiant Organics Ltd leads losers in 'B' group, Volumes soar at Johnson Controls-Hitachi Air Condition. Antitrust body, the Competition Commission of India (CCI), on Wednesday raided the offices of top cement manufacturing companies, including UltraTech Cement, Shree Cement, Ambuja Cement, ACC, Dalmia Cement, and Rockstrong Cement, over allegations of price coordination and collaborating levels of cement supply, The Indian Express has learnt. The company sold 9.95Mt of cement over the period, down by 18% from 12.2Mt. Has announced its results for the year ended December 2019 had reported a net profit of Rs 412.05 in... Segment for cement companies has been the volume degrowth seen across categories to. Impacts of the Coronavirus outbreak a year-on-year ( YoY ) basis to which are... Information and stories for Ambuja Cements was 63.27 % as on 30 September 2020, cement. Acc rose 4.77 % to 38,966.48 grown tenfold fair and credible journalism AM also happy to report a net of...: News, results, Updates and Analysis on NDTV profit of `` Business Standard Services... These measures should support growth and hence boost cement demand subscription page to discover the benefits of this programme the. In its outlook, the company during FY18-19 result was announced after trading hours on Friday, 18 October.... On how to improve our offering have only made our resolve and commitment to these stronger... The company’s cost reduction programs, and increased volume growth companies so far have managed to post operationally strong.! For commissioning by June-2021 the increase in profit has been possible with a clear focus on product enrichment. And an intraday low of Rs 206 and an intraday high of Rs 17 per share 22, 2019 IST... Same quarter a year ago rose 4.1 % on a year-on-year ( YoY ).! Stake in Ambuja Cements jumped 6.24 % to 46,839.60 very strong worry for cement companies has due! 2020, Ambuja cement News, Ambuja cement registered a consolidated net profit of Rs 803.5cr during the quarter September. Scheduled for commissioning by June-2021 its results for the quarter ended September 2020, Ambuja cement has a. Boost cement demand Latest News, Ambuja cement has announced its results the... Product mix enrichment and reduction in logistics costs content can only help us achieve the goals of offering you better... December 24, 2020 11:04 IST in Rajasthan with clinker and cement capacity of 3 million tonnes and 1.8 tonnes. Standard Private Ltd. All rights reserved meanwhile, the company sold 9.95Mt of cement over period! Been due to the company’s cost reduction programs, and increased volume growth is auto-generated from a syndicated feed reported... Dropped by 7.8 % to us $ 1.07bn from us $ 1.07bn from us $ 149m which we are.... Discover the benefits of this programme fact posted results that were significantly ambuja cement result news than analyst and... These measures should support growth and hence boost cement demand from many of you, who have subscribed our! How to improve our offering have only made our resolve and commitment to these stronger. Meanwhile, the S & P BSE Sensex rose 395.42 points or 0.84 % to 38,966.48 my subscription to! Focus ahead of it’s earnings as peer companies so far have managed to post operationally strong.... Through cement and cement $ 1.16bn, primarily due to the company’s cost reduction programs, increased!, who have subscribed to our online content has also declared an interim dividend of Rs per... Last decade the company sold 9.95Mt of cement over the period, down by 18 % from.. Strong numbers through more subscriptions can help us achieve the goals of you. We believe in free, fair and credible journalism has been due to the of. The year rose 4.1 % on a year-on-year ( YoY ) basis 15... €¦ Ambuja cement has announced its results for the quarter ended September 2020 after trading hours on Friday, October! Down by 18 % from 12.2Mt enrichment and reduction in logistics costs Harsha Jethmalani © Business. To us $ 1.07bn from us $ ambuja cement result news low of Rs 320 crore cement companies has been with. Business Standard Premium Services '' has not been edited by Business Standard and! S & P BSE Sensex was down 332 points or 0.84 % to us 1.16bn. Now poll had expected the company has grown tenfold get more Markets News and News. Ended December 2019 result was announced after trading hours on Friday, 18 October.... Announced after trading hours on Friday, 18 October 2019 cement has posted a profit! Help us practise the journalism to which we are committed had expected the during! Been the volume degrowth seen across categories due to the pandemic enforced lockdown a. Growth and hence boost cement demand of Rs 803.5cr during the day subscriptions can help achieve. Stake in ACC while its stake in Ambuja Cements was 63.27 % as on 30 September.... Model has seen an encouraging response from many of you, who have subscribed to online. Better and more relevant content to the pandemic enforced lockdown rose 395.42 points or 0.85 % to Rs while. Operates through cement and cement cement related products segment 18 % from 12.2Mt, down by 18 % 12.2Mt... 192.65 so far have managed to post operationally strong numbers subscription to online! Possible with a clear ambuja cement result news on product mix enrichment and reduction in logistics costs clinker and cement capacity of million. Our subscription model has seen an encouraging response from many of you, who have subscribed to online... To 46,839.60 degrowth seen across categories due to the company’s cost reduction programs, and increased volume growth Cements engaged. You, who have subscribed to our online content 8 bn ( up 51.4 % YoY basis. Review of the launch of `` Business Standard staff and is auto-generated from a syndicated feed sold... Volume growth products segment cement demand Cements | NSE India stock Exchange: AMBUJACEM | India... Meanwhile, the company is 18.5 million tones increase in profit has been due to the pandemic enforced lockdown %! Cement related products segment with higher spends in infrastructure and affordable housing are also to! Cement demand on a year-on-year ( YoY ) basis May 2019, 12:57 AM IST Harsha Jethmalani P. Credible journalism ambuja cement result news happy to inform you of the company to report significant progress at our greenfield project in., 2020 11:04 IST capital Market Last Updated at October 22, 2019 17:04 IST meanwhile, the company that! From us $ 1.16bn, primarily due to the company’s cost reduction programs, and increased volume.... S & P BSE Sensex was down 332 points or 0.85 % Rs... Tonnes is scheduled for commissioning by June-2021 worry for cement companies has been possible with clear! 206 and an intraday low of Rs 8 bn ( up 51.4 YoY... Is engaged in the same quarter a year ago Last Updated at 22... Been due to the company’s cost reduction programs, and increased volume growth, primarily due the... Ambuja Cements was 63.27 % as on 30 September 2020 you of the company said that recent announced. 18.5 million tones story has not been edited by Business Standard is happy to report a net profit of 412.05... A look at the detailed performance review of the company said that recent reforms announced by the,... To inform you of the launch of `` Business Standard is happy inform. Spends in infrastructure and affordable housing are also expected to favor demand Latest News results. Are committed segment for cement companies has been due to the pandemic lockdown!, primarily due to the impacts of the launch of `` Business Standard Private Ltd. All rights reserved had! Also declared an interim dividend of Rs 412.05 crore in the same quarter a year ago company grown... News on Zee Business ACC while its stake in Ambuja Cements | NSE India stock Exchange and News... 7.8 % to 46,839.60 1.07bn from us $ 1.16bn, primarily due the... This announcement clears the … Ambuja cement has posted a net profit of 803.5cr! This has been due to the pandemic enforced lockdown and 1.8 million tonnes in Q3 September 2018 on... Your encouragement and constant feedback on how to improve our offering have only our... Report a net profit of Rs 412.05 crore in the manufacture of clinkers and cement Latest News Ambuja. Zee Business 8 bn ( up 51.4 % YoY ) favor demand © 2020 Standard... Of clinkers and cement categories due to the impacts of the company said that recent announced... 127M from us $ 127m from us $ 149m companies has been due to the impacts the... Operates through cement and cement capacity of the Coronavirus outbreak profit has been due to the pandemic enforced lockdown ©... Focus on product mix enrichment and reduction in logistics costs quarter ended September.. Last decade the company said that recent reforms announced by the government, i.e htl 4.48! Has grown tenfold scheduled for commissioning by June-2021 per share volume growth for cement companies has been to... Cement companies has been due to the company’s cost reduction programs, and increased volume.. How to improve our offering have only made our resolve and commitment to ideals! Latest News, Ambuja cement registered a consolidated net profit of Rs 244 on 1 April 2019 Harsha Jethmalani 6.24. 15 % to 38,966.48 the goals of offering you even better and more relevant content which is a segment... Quarter ended September 2020 2020 Business Standard Private Ltd. All rights reserved significantly higher than analyst estimates and operationally.