Ambuja Cements Q3 Results: Net profit drops to ₹367 crore on higher costs; revenue up 20% YoY
Ambuja Cements Ltd, part of billionaire Gautam Adani-led Adani Group, announced its financial performance for the quarter ending December today, January 30, reporting a consolidated net profit of ₹367 crore, down 86% from ₹2,663 crore in the same period last year. The sharp drop in net profit for the quarter can be attributed to a…