Ambuja Cements reported a standalone net revenue of Rs 532 crore for the quarter ended March 2024, which is greater by 6% year-on-year. The business had actually clocked a revenue of Rs 502 crore in the very same duration in 2015.
Earnings from operations throughout the 4th quarter increased 12% year-on-year to Rs 4,780 crore, compared to Rs 4256 crore in the exact same quarter of in 2015.
The Board has actually advised a dividend of Rs 2 per equity share for the fiscal year 2023-24, based on approval of investors of the business.
The business has actually repaired June 14 as the record date for the function of identifying the eligibility of investors and the stated dividend will be paid after July 1.
EBITDA for the 4th quarter increased partially to Rs 798 crore, while marginals decreased to 16.6%.
“Our outstanding monetary efficiency throughout the year is a testimony to the durability and flexibility of our organization design. It mirrors the Indian economy, which has actually become an intense area in the middle of a tough international financial circumstance,” stated Ajay Kapur, Whole Time Director & & CEO, Ambuja Cements.
Operationally, sales volume (Clinker and Cement) record a development of 17.3% throughout the 4th quarter at 16.6 Mn T. Meanwhile, the Kiln fuel expense minimized by 17% to Rs 1.84/’000 kCal.
The money and money comparable stood at Rs 24,338 crore at the end of March quarter, which is greatest amongst peers in the market and makes it possible for sped up development in future.
For Ambuja’s standalone company level, working capital stands at 16 days showing dexterity in uncloging the funds in stock and receivables.
“We stay unfaltering in providing long-lasting worth and sustainable development as we skyrocket towards doubling capabilities, financial investment in effectiveness enhancement, green power, guaranteed materials of raw-material and fuel. We continue to play an important function in the country’s development story,” Kapur included.
The business effectively finished 3 acquisitions (Sanghi, Asian Cements & & GU in Tuticorin) and the cement capability increased by 11.4 MTPA to 78.9 MTPA.
On Tuesday, Ambuja shares closed 1.7% lower at Rs 618.95 on NSE.