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Ambuja Cements Ltd, under the Adani Group, reported a consolidated net profit of ₹367 crore for the December quarter, marking an 86% decline from ₹2,663 crore year-on-year.
Motilal Oswal is bullish on Mahindra and Mahindra Financial has recommended buy rating on the stock with a target price of Rs 450 in its research report dated January 28, 2026.
The company incurred exceptional costs worth Rs 1,643 crore during the quarter, due to demerger and acquisition-related costs, along with new labour code impact.
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