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Revenue from operations, however, fell 3 percent to Rs 12,703.64 crore from Rs 13,121.89 crore in the same quarter last fiscal over a significant decline in the export business of oil meals.
The Adani Group company reported a 67% year-on-year (YoY) surge in its net profit for the March quarter (Q4 FY24), rising to ₹157 crore from ₹94 crore last year same period.
Ventura shared positive views on Adani Green Energy Ltd, Adani Total Gas Ltd, Adani Wilmar Ltd, Adani Energy Solutions Ltd. It re-initiated ‘Buy’ call on three of the four stocks.
Adani Wilmar shares: What Nuvama liked in Adani Wilmar's Q3 results was its Food and FMCG business performance, which now contributes 17 per cent of volumes and 10 per cent of value to the business.
Ambuja Cements Q3 results: ICICI Securities sees profit for Ambuja Cements to rise 54 per cent to Rs 568.20 crore on 1.9 per cent fall in sales at Rs 4,049.20 crore. It sees Ebitda margin at 21.1 per cent and Ebitda per tonne at Rs 1,222.