Ambuja Cement Q2 Results.
Ambuja Cements’ income from operations throughout July-September 2023 rose 4.10 per cent to Rs 7,423.95 crore, in opposition to Rs 7,131.39 crore a yr in the past
Ambuja Cements on November 1 posted a whopping 9-fold leap in its consolidated internet revenue at Rs 792.96 crore on the again of upper different earnings and decrease bills. It is a progress of 750.99 per cent as in contrast with Rs 93.18 crore within the corresponding quarter final yr.
Ambuja Cements’ income from operations throughout July-September 2023 rose 4.10 per cent to Rs 7,423.95 crore, in opposition to Rs 7,131.39 crore a yr in the past, in keeping with a regulatory submitting.
Its EBITDA stood at Rs 1,302 crore (up by Rs 975 crore), pushed by “operational excellence and cost-saving projects”. EBITDA margin expanded by 12.9 share factors from 4.6 per cent to 17.5 per cent.
Ajay Kapur, entire-time director & CEO of Ambuja Cements, mentioned, “Continuing our transformation journey, we are pleased to report a strong performance (standalone) in the second quarter of FY24, with an 8 per cent increase in revenue, 147 per cent increase in EBITDA at Rs 773 crore and 364 per cent increase in PAT at Rs 644 crore compared to the previous year same quarter.”
He added that together with sturdy demand for premium cement merchandise, the corporate’s enterprise efficiency improved resulting from operational excellence, provide chain administration and gross sales & advertising excellence, adjacencies advantages with Group corporations are decreasing enter prices which is boosting EBITDA & margin progress.
“Operational efficiencies helped in reduction in Kiln fuel cost from Rs 2.72/’000 kCal to Rs 1.79/’000 kCal & CPP fuel cost from Rs 2.27/’000 kCal to Rs 1.65/’000 kCal. Logistics efficiencies has resulted in Direct dispatch up from 48 per cent to 58 per cent,” it added.
He mentioned the corporate’s dedication to sustainability stays sturdy. The firm is constantly taking measures to learn its communities and cut back our carbon footprint. These embody diminishing power depth, implementing Waste Heat Recovery Systems, and augmenting renewable power technology. For the brand new facility of 4 MTPA at Bhatapara other than Equipment which has been ordered, civil execution work has began.
