ACL’s whole bills within the June quarter have been at ₹7,566.91 crore. File
| Photograph Credit score: Reuters
Adani Group agency Ambuja Cements Ltd (ACL) on July 31 reported a consolidated internet revenue at ₹789.63 crore for the primary quarter led to June 2024.
The corporate had reported a internet revenue of ₹1,135.46 crore within the April-June interval a 12 months in the past, in keeping with a regulatory submitting by ACL.
Its income from operations was at ₹8,311.48 crore through the June quarter in comparison with ₹8,712.90 crore within the corresponding interval final fiscal.
In keeping with ACL, the monetary outcomes for the present quarter, previous quarter and FY24, additionally embrace the monetary outcomes of Sanghi, which was acquired in August final 12 months. It additionally has the outcomes of Asian Concretes and Cements Pvt Ltd (ACCPL), which was acquired by its subsidiary ACC.
“The outcomes for the present quarter, previous quarter and FY24, will not be comparable with the quarter ended June 30, 2023, to that extent,” it mentioned.
Complete bills within the June quarter have been at ₹7,566.91 crore. The overall Earnings of ACL, which additionally contains different revenue was at ₹8,666.20 crore within the June quarter.
The consolidated outcomes of Ambuja Cements embrace the monetary efficiency of its step-down agency ACC Ltd wherein it owns round 51% stake and Sanghi Industries, a Gujarat-based firm which the Adani group acquired final 12 months.
On a standalone foundation, Ambuja Cements reported a revenue after tax of ₹570.65 crore within the June quarter, as in opposition to ₹644.88 crore within the year-ago quarter.
Its standalone income from operations was at ₹4,780.32 crore within the first quarter of FY 2024-25.
ACL’s gross sales quantity, which additionally contains ACC, was at 15.8 million tonnes (MT), which was up 2.6%.
Whereas on a standalone foundation, Ambuja Cements’ personal gross sales quantity was at 9.3 MT within the June quarter, up 2.2%.
Commenting on outcomes, Ajay Kapur, whole-time Director & CEO of ACL mentioned, “Our continued enchancment on price brings visibility of attaining the focused price discount of ₹530 per MT by FY28.” He expects over ₹10,000 crore acquisition of Hyderabad-based Penna to be closed within the September quarter of this fiscal.
Over the Outlook, ACL mentioned cement demand throughout FY24 stood larger by 7- 8% at 422 MTPA and is prone to develop between 7-9% in FY25 to round 451 MTPA.
This is able to be “pushed by robust correlation with GDP development and rising demand from housing and infrastructure sectors,” it mentioned.
An outlay of ₹11.11 lakh crore for infrastructure tasks has been allotted in Finances FY25, which represents 3.4% of GDP.
“Part IV of PMGSY will probably be launched to supply all-weather connectivity to 25,000 rural habitations. All these measures are anticipated to carry buoyancy to cement demand,” it mentioned.
Shares of Ambuja Cements Ltd on Wednesday have been buying and selling at ₹680.10 apiece on BSE, up 0.84% from the earlier shut.
