Ambuja Cements, one of India's largest cement and building materials company and part of the diversified Adani Group, on Monday announced steady financial performance for Q2 and first half-year (H1) of FY25. This performance is supported by healthy volume growth, in croreeasing scale of operations, value extraction of acquired assets, enhanced cost leadership, improved operational efficiencies and group synergies.
Ambuja Cements' highest revenue in Q2 series in the past five years at Rs 7,516 croreore, driven by higher trade sales volume (up by 1 per cent) and premium product as per cent of trade sales at 26 per cent (up by 3.3 pp YoY). Higher volume along with improved operational parameters resulted in growth in all business parameters. EBITDA PMT @ Rs 780, EBITDA Margin of 14.8 per cent. Net worth in croreeased by Rs.450 crore during the quarter and stands at Rs 59,916 crore, company remains debt free and continues to maintain croreisil AAA (stable) / croreisil A1+ ratings.
The cash and cash equivalent stands at Rs 10,135 crore enables accelerated growth in future. For Ambuja (consolidated), business level working capital stands at 33 days, reflecting agility in unblocking the funds in inventory and receivables.
The company also announced the signing of a binding agreement with Orient Cements for acquisition of 46.8 per cent shares, at an equity value of Rs 8,100 crore.
Financial Performance for the Quarter ended September 30, 2024:
|
Particulars |
UoM |
Consolidated |
Standalone |
||
|
Q2 FY25 |
Q2 FY24 |
Q2 FY25 |
Q2 FY24 |
||
|
Sales Volume (Cement and Clinker) |
Mn T |
14.2 |
13.1 |
8.7 |
7.6 |
|
Revenue from Operations |
Rs Cr |
7,516 |
7,424 |
4,213 |
3,970 |
|
Operating EBITDA & Margin |
Rs Cr |
1,111 |
1,302 |
681 |
773 |
|
% |
14.8% |
17.5% |
16.2% |
19.5% |
|
|
Rs PMT |
780 |
995 |
784 |
1,020 |
|
|
Other Income |
Rs Cr |
374 |
476 |
265 |
378 |
|
Profit Before Tax |
Rs Cr |
713 |
1,340 |
673 |
880 |
|
Profit After Tax |
Rs Cr |
473* |
987 |
501 |
644 |
|
EPS – Diluted |
Rs |
1.85 |
3.74 |
2.03 |
3.03 |
Ajay Kapur, Whole Time Director and CEO, Ambuja Cements, said, "We are glad to deliver another sustained performance aligned to our growth blueprint and setting new benchmarks in efficiency. We continue to focus on innovation, digitisation, customer satisfaction and ESG as the core elements of our business. With our strong foothold a croreoss the nation, we are further expanding our footprint in new geographies in-line with our vision. Post-successful completion of the orient cement transaction, we are well poised to achieve 100+ MTPA capacity by this fiscal year end."