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Ambuja Cements Q4 Fy2024 Results: Net profit up by 6%
Tanushree Jaiswal
2nd May 2024 - 04:15 pm
Key Highlights
- Ambuja Cement's revenue from operations for Q4 FY2024 increased by 12.30% on a YOY basis.
- Net profit was marked at ₹532 cr for Q4 FY2024.
- EBITDA for Q4 FY2024 stood at ₹797.80 cr.
Business Highlights
- Ambuja Cement reported a standalone net profit for Q4 FY2024 at ₹532 cr from ₹502.40 cr in Q3 FY2023, up by 6%.
- Its revenue from operations Q4 FY2024 was Rs 4780.32 cr against ₹4256.31 cr in Q4 FY2023, up by 12.30%.
- Consolidated net profit for FY 2024 was ₹1055.30 cr against ₹644.94 cr in FY 2023, up by 64%.
- EBITDA was up by 1.2% on a YOY basis for Q4 FY 2024 racing ₹797.80 cr from ₹788 cr for the same period in FY 2023..
- The company declared a ₹2 dividend per equity share.
- For FY2024, the company’s sales growth was 17.3%.
- During FY2024, Ambuja Cement undertook three acquisitions and increased its cement capacity by 11.4 MTPA, with total capacity reaching 78.9 MTPA. These acquisitions include Sanghi, Asian Cements, and GU in Tuticorin.
Commenting on the results, Ajay Kapur, Whole Time Director & 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."
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