Ambuja Cements recorded a 46 per cent rise in its standalone revenue to Rs 368.99 crore within the quarter ending December 31, 2022 (Q3FY23) as in comparison with Rs 252.81 crore in Q3FY22. The amount rose seven per cent throughout the identical interval.
The income from operations of the corporate rose 10 per cent to Rs 4,128.5 crore from Rs 3,739.9 crore a yr in the past. Earnings Earlier than Curiosity, Taxes, Depreciation, and Amortization (Ebitda) got here in at Rs 715 crore, with a margin of 17.5 per cent.
On a quarter-on-quarter foundation, the web income was up by 11 per cent Rs 8,036 crore according to 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.
“Through the quarter, the cement sector noticed larger manufacturing & capability utilisation on account of pickup in demand. The Firm has maintained a wholesome prime line and management place in its core markets with a stronger Ambuja & ACC product portfolio. Ebitda margins expanded on account of relentless deal with discount in gas and logistics prices by leveraging synergies with Group Firms. Enterprise initiatives are anticipated to additional convey down working price, scale back clinker issue, scale back logistics price, enhance gross sales of blended cement and develop Ebitda margin. We count on cement demand to additional develop in coming quarters on the again of elevated infrastructure actions given sharp deal with infrastructure capex on this Price range,” stated Ajay Kapur, CEO of Ambuja Cements.
“The Firm stays debt free with a wholesome place of Money & Money Equivalents, which augurs very properly for its journey to realize scale and market management. Our focus to ramp up capability in environment friendly approach to make sure to be one of many lowest price producers is on monitor. Ametha Built-in Unit is ready to be commissioned by July 2023, which can improve Kiln capability by 3.3 MTPA (EC approvals in hand for two.75 MTPA) and 1 MTPA Grinding Unit. We’re making good progress on our deliberate WHRS set up goal,” he added.
