Ambuja Cements misses Q4 profit estimate on lower prices
New Delhi, May 01, 2024. Ambuja Cements, India’s second-largest cement maker by market capitalisation, reported on Wednesday a smaller-than-expected profit rise in the fourth quarter as lower prices weighed. Cement makers are expected to report subdued income from sales in the reported quarter, owing to a nearly 5 per cent decline sequentially in cement prices…