Ambuja Cements Q4 Results: Cement Firm's Operating EBITDA Jumps 73% To Rs 6,400 Crore

Ambuja Cements Q4 Results: The Cash & Cash Equivalent stands at Rs 24,338 crore (including warrant money of Rs 8,339 crore received in April'24, highest among peers in the industry

Ambuja Cements reported a 63.60 per cent year-on-year rise in consolidated net profit at Rs 1,055.16 crore in Q4.

Ambuja Cements, the cement and building materials flagship of the diversified Adani Group, on Wednesday announced a record-setting standalone and consolidated financial results for Q4 and full year ended March 31, 2024. This strong performance is driven by improved KPIs in all operational parameters.

Volume expansion along with improved operational parameters have resulted in growth in all business performances viz. Profitability, Cash & Cash Equivalent and Net Worth. The company reported a 63.60 per cent year-on-year rise in consolidated net profit at Rs 1,055.16 crore in Q4. The company had reported a net profit of Rs 644.94 crore during the same period last year.

EBITDA PMT has grown by Rs 149 (17 per cent YoY) and Margin expanded by 3.5 PP. A total of Rs 1,945 crore cash flows generated from the Operations in Q4, Rs 5,646 crore in FY24.  Net worth increased by Rs 8,022 crore during quarter and stands at Rs 50,846 crore, company remains NIL debt & continues to maintain Crisil AAA (stable) / Crisil A1+ ratings.

The Cash & Cash Equivalent stands at Rs 24,338 crore (including warrant money of Rs 8,339 crore received in April'24, highest among peers in the industry, enables accelerated growth in future. For Ambuja (standalone) business level working capital stands at 16 days reflecting agility in unblocking the funds in inventory and receivables.

Operational Highlights

Particulars (YoY)	Q4 FY’24	FY’24
Sales Volume (Clinker & Cement)	Growth of 17.3% at 16.6 Mn T	Growth of 8.1% at 59.2 Mn T
Kiln Fuel Cost	Reduced by 17% (Rs 2.21 to Rs 1.84/’000 kCal)	Reduced by 26% (Rs 2.58 to Rs 1.90/’000 kCal)
WHRS as a % of total power Consumption	Increased by 4.5 pp to 13.5%	Increased by 7.4 pp to 12.4%

* Includes exceptional item of Rs. 212 crore and reversal of earlier years tax provision of Rs 257 crore

Ajay Kapur, whole-time director and CEO, Ambuja Cements, said, "Our impressive financial performance during the year is a testament to the resilience and adaptability of our business model. It mirrors the Indian economy, which has emerged as a bright spot amidst a challenging global economic scenario. We remain steadfast in delivering long-term value and sustainable growth as we soar towards doubling capacities, investment in efficiency improvement, green power, assured supplies of raw-material and fuel."