Ambuja Cements Q3 results: Net profit more than doubles to Rs 2,115 cr

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Ambuja Cements Q3 results: Net profit more than doubles to Rs 2,115 cr - Business Standard

Quick Summary:

The anticipated rebound in demand, supported by government initiatives, is likely to enhance the cement sector's performance in the coming quarters.

Ambuja Cements continues to remain debt-free, with cash and cash equivalents of Rs 8,755 crore as of December.

It expects demand to grow by 4-5 per cent in FY25, further supported by the pro-infra and housing Budget 2025.“Ambuja Cements is well-positioned to benefit from these trends.