Business Wire India
- Net sales growth of 8% and volume growth of 3%
- Recently commissioned Marwar cement plant at Rajasthan, operating at full scale
- Board approval for Waste Heat Recovery project at Ambujanagar and Maratha. Total capacity to reach ~87 MW
- EBITDA at Rs. 790 Crore, impacted by significant rise in fuel prices, partly mitigated by strong delivery of efficiency programs under ‘I CAN’
|Sales Volume – Cement & Clinker||Million Tonnes||7.49||7.24|
|Net Sales||Rs Crore||3,855||3,579|
|Total operating costs||Rs Crore||3,135||2,645|
|Operating EBIT||Rs Crore||639||851|
|Operating EBIT Margin||%||16.6%||23.8%|
|Profit before tax||Rs Crore||654||886|
|Profit after tax||Rs Crore||495||665|
Our new Marwar cement plant is now operating at full capacity. Our additional cement capacity expansions of around 9 million tons at Ropar and Bhatapara are on track. Our plan is to grow Cement capacity to 100 million tons per annum.
Ambuja has recorded robust top line growth of 8%. Our market focused strategies are driving this performance. Ambuja Kawach, our green cement, has demonstrated growth of 66% year on year. Ambuja Cements has been ranked as India’s Most Trusted Cement Brand in 2022 by TRA Research.
The January to March 2022 quarter was impacted by rising fuel prices due to which EBITDA during the quarter was lower by 19%. This was partly mitigated by boosting efficiencies under our flagship ‘I CAN’ program. Supported by the Master Supply Agreement with ACC we further reduced our logistics costs.
The ongoing and new investments in the Waste Heat Recovery Systems approved by the Board will support our efficiency initiatives and lead to the delivery of our sustainability goals.”
Financial performance for the quarter ended 31st March 2022
Consolidated unaudited financial results for the quarter ended 31st March 2022
|Net Sales||Rs Crore||7,754||7,617|
|Operating EBIT||Rs Crore||1,119||1,570|
|Operating EBIT Margin||%||14.4%||20.6%|
|Net income attributable to Ambuja Group||Rs Crore||659||947|
Health and Safety continues to remain our key priority. Strict adherence to government guidelines and Covid appropriate behaviour are ensured across our locations. We continue to monitor the situation and take proactive steps to build a safe and healthy working environment.
We remain very optimistic on cement demand growth with key indicators such as GST collection, power demand and e-invoice point towards a recovery of the domestic economy. Government’s focus on infrastructure & housing and the PLI (Production Linked Incentive) scheme for the manufacturing sector will further provide impetus to cement demand growth.
The content is by Business Wire India. DKODING Media is not responsible for the content provided or any links related to this content. DKODING Media is not responsible for the correctness, topicality or the quality of the content.