Ambuja Cements Q2 Results: Standalone profit falls 22% YoY to Rs 501 crore
Ambuja Cements on Monday reported a standalone net profit of Rs 501 crore in the second quarter ended September 2024, which is a fall of 22% year-on-year (YoY) from Rs 644 crore reported in the previous year quarter.
Revenue from operations, meanwhile, increased 6% YoY to Rs 4,213 crore in the July-September 2024 period, compared with Rs 3,970 crore in the last year period.
Operating EBITDA for the quarter declined 12% YoY to Rs 683 crore in the September quarter, while margins fell to 16.2% in the same period.
«We are glad to deliver another sustained performance aligned to our growth blueprint and setting new benchmarks in efficiency. We continue to focus on innovation, digitalisation, customer satisfaction and ESG as the core elements of our business,» said Ajay Kapur, Whole Time Director & CEO, Ambuja Cement.
Operationally, the sales volume recorded a growth of 9% YoY to 14.2 mnt, while kiln fuel cost was reduced by 13% to Rs 1.59 per '000 Kcal. This was possible due to the increased use of low-cost imported Petcoke and E-auction coal along with an overall reduction in the cost of fuel basket.
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