- by Stocktry Expert
- 20th Feb 2021
Q4 Results of Ambuja Cements: PAT Rises 34% to Rs 968 Crore
On Thursday, Ambuja Cements reported a consolidated net profit of Rs 968.24 crore for the December quarter, a 34% increase from a year earlier that the cement maker attributed to “strong performance in price, volume and costs."
Volume growth of 7%, along with high cement prices, helped the company post a 14% increase in consolidated net sales at Rs 3,468 crore.
"The company's margin expanded by 410 bps (basis points) during the quarter and 480 bps for the full year,” managing director Neeraj Akhoury said in a news release. “We have witnessed a significant acceleration in volumes under the master supply agreement with ACC," he said.
Standalone net profit, which excluded the numbers from affiliates and subsidiaries, rose 41% to Rs 497 crore. Earnings before interest, taxes, depreciation, and amortization expanded 40% to Rs 768 crore.
Operating cost per tonne declined 2%, supported by operational efficiency programs in the plants and logistics efficiencies, the company said.
Ambuja's planned greenfield project at Marwar Mundwa, Rajasthan, will commission this year. "This will further improve our market position in North and West regions," the company said.
