Ambuja Cements, owned by the Adani Group, reported a 24% on-year jump in consolidated net profit, reaching ₹970 crore, driven by record sales volume and revenue exceeding ₹10,000 crore. Despite strong performance, the bottom line fell short of market expectations, leading to a share price decline. The company’s market share also improved, supported by increased production capacity.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.