Ambuja Cements Q4 results: PAT rises 34% to Rs 968 crore


Mumbai: on Thursday reported a consolidated web revenue of Rs 968.24 crore for the December quarter, a 34% enhance from a 12 months earlier that the cement maker attributed to “strong performance in price, volume and costs”.

The firm’s volumes grew by 7% supported by good worth and has resulted in a 14% development in web gross sales.

Volume development of seven%, together with robust cement costs, helped the corporate put up a 14% enhance in consolidated web gross sales at Rs 3,468 crore.

“The company’s margin expanded by 410 bps (basis points) during the quarter and 480 bps for the full year,” managing director, Neeraj Akhoury said in a news release. “We have witnessed significant acceleration in volumes under the master supply agreement with ACC,” he mentioned.

Standalone web revenue, which excluded the numbers from associates and subsidiaries, rose 41% to Rs 497 crore.

Earnings earlier than curiosity, taxes, depreciation and amortisation expanded 40% to Rs 768 crore.

Operating price per tonne declined 2%, supported by operational effectivity programmes within the crops in addition to logistics efficiencies, the corporate mentioned.

Ambuja’s deliberate greenfield venture at Marwar Mundwa, Rajasthan will fee this 12 months. “This will further improve our market position in North and West regions,” the corporate mentioned.

“Union funds 2021’s focus was on public sector enterprise privatisation, and on healthcare, rural and social improvement. We count on these total financial measures together with continued concentrate on rural financial system and reasonably priced housing.

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