Ambuja Cements Q4 results: Profit up 6% YoY to Rs 532 cr; co approves Rs 2 dividend
Ambuja Cements reported a standalone net profit of Rs 532 crore for the quarter ended March 2024, which is higher by 6% year-on-year. The company had clocked a profit of Rs 502 crore in the same period last year.
Revenue from operations during the fourth quarter increased 12% year-on-year to Rs 4,780 crore, compared with Rs 4256 crore in the same quarter of last year.
The Board has recommended a dividend of Rs 2 per equity share for the financial year 2023-24, subject to approval of shareholders of the company.
The company has fixed June 14 as the record date for the purpose of determining the eligibility of shareholders and the said dividend will be paid after July 1.
EBITDA for the fourth quarter increased marginally to Rs 798 crore, while marginals declined to 16.6%.
«Our impressive financial performance during the year is a testament to the resilience and adaptability of our business model. It mirrors the Indian economy, which has emerged as a bright spot amidst a challenging global economic scenario,» said Ajay Kapur, Whole Time Director & CEO, Ambuja Cements.
Operationally, sales volume (Clinker and Cement) record a growth of 17.3% during the fourth quarter at 16.6 Mn T. Meanwhile, the Kiln fuel cost reduced by 17% to Rs 1.84/’000 kCal.
The cash and cash equivalent stood at Rs 24,338 crore at the end of March quarter, which is highest among peers in the industry and enables accelerated growth in future.
For Ambuja's standalone business level, working capital stands at 16 days reflecting agility in
