Ambuja Cements Limited (Ambuja), the building materials arm of Adani Cement and part of the diversified Adani group, on Tuesday declared the financial results for the quarter ended December 31, 2022. The company reported a 46 per cent jump in standalone net profit at Rs 368.99 crore as against Rs 252.81 crore during the same period last year.
The company follows the January-December financial year. During the 4th quarter of the year, Ambuja’s revenue from operations soared 10 per cent to Rs 4,128.52 crore, up from Rs 3,739.92 crore in the year-ago period. EBITDA or Earnings Before Interest, Taxes, Depreciation, and Amortisation stood at Rs 715 crore, with a margin of 17.5 per cent.
Post change of ownership, Ambuja Cements recorded substantial jump in sequential EBITDA by 161 per cent at Rs 1,138 crore.
Ambuja Cements’ Financial Highlights
– Net Revenue was up by 11 per cent QoQ at Rs 8,036 crore in line with volumes.
– EBITDA rose by 161 per cent at Rs. 1,138 crore and EBITDA margin expanded from 6.2 per cent to 14.6 per cent.
– Cost reduced by Rs 283 PMT and expected to further reduce on cost optimization and leveraging synergies from adjacency businesses of the group.
– Treasury Income increased by Rs 42 crore QoQ.
– Efficient Inventory management and trade receivables.
During the quarter, the cement sector saw higher production and capacity utilisation on account of pickup in demand. The company has maintained a healthy top line and leadership position in its core markets with a stronger Ambuja & ACC product portfolio.
“The Company remains debt free with a healthy position of Cash & Cash Equivalents, which augurs very well for its journey to achieve scale and market leadership. Our focus to ramp up capacity in efficient way to ensure to be one of the lowest cost producers is on track,” said Ambuja Cements CEO Ajay Kapur.
