Ambuja Cements has reported a standalone net profit of Rs 532 crore for the quarter ended March 2024, which is higher by 6% year-on-year. Revenue from operations during the fourth quarter increased 12% YoY to Rs 4,780 crore.
The Adani Group has secured a $3.5 billion financing package from international banks to refinance the debt taken for the acquisition of Ambuja Cements and ACC. The loan, with a tenor of three years, will lead to approximately $300 million in interest cost savings.
