India News: Coal India Limited reported a robust 26% YoY growth in Q4 FY24 net profit, reaching Rs 8,682 crore, despite a 2% decline in revenue. The company annou
Adani group leads Q4 earnings with multiple companies reporting results today. Ambuja Cements expected to show growth, while Adani Wilmar anticipates revenue dip but higher operating profit.
An improvement in power demand, lower import coal prices and a larger installed capacity boosted sales volumes, which helped the continuing total revenue grow 29% on year to Rs 13,787 crore.
Ambuja Cements reported a standalone net profit of 532 crore rupees for the quarter that ended in March 2024, showing a 6% increase compared to the previous year. Revenue from operations in the fourth quarter rose by 12% year-on-year to Rs 4,780 crore. The Board has recommended a dividend of Rs 2 per equity share for the financial year 2023-24, subject to approval of shareholders of the company.