NEW DELHI: Ambuja Cements Ltd (ACL) reported that its consolidated internet revenue for the primary quarter ended June 2024 declined to Rs 789.63 crore from Rs 1,135.46 crore in the identical interval of the earlier fiscal 12 months, as per a regulatory submitting.
The income from operations for the June quarter stood at Rs 8,311.48 crore, in comparison with Rs 8,712.90 crore in the identical quarter of FY23-24.
The monetary outcomes for the present quarter, previous quarter, and FY24 embrace the monetary outcomes of Sanghi, which was acquired by ACL in August final 12 months. Moreover, the outcomes of ACCPL (Asian Concretes and Cements Pvt Ltd), acquired by ACL’s subsidiary ACC, are additionally included.
“The outcomes for the present quarter, previous quarter and FY24, are usually not comparable with the quarter ended June 30, 2023, to that extent,” the corporate mentioned in a press release.
Moreover, the overall bills for the June quarter amounted to Rs 7,566.91 crore, whereas the overall earnings, together with different earnings, was Rs 8,666.20 crore.
The consolidated outcomes of Ambuja Cements embody the monetary efficiency of its step-down agency ACC Ltd, during which it holds roughly 51 per cent stake, and Sanghi Industries, a Gujarat-based firm acquired by the Adani group final 12 months.
Ambuja Cements reported a revenue after tax of Rs 570.65 crore within the June quarter on a standalone foundation, in comparison with Rs 644.88 crore within the corresponding quarter of the earlier 12 months. The standalone income from operations for the primary quarter of FY 2024-25 was Rs 4,780.32 crore.
The gross sales quantity of ACL, together with ACC, reached 15.8 million tonnes (MT), representing a 2.6 per cent improve. The corporate’s incomes assertion highlighted that this was the “highest ever Clinker & Cement gross sales in Q1 over final 5 years.” Ambuja Cements’s standalone gross sales quantity stood at 9.3 MT within the June quarter, marking a 2.2 per cent improve.
“Our continued enchancment on value brings visibility of reaching the focused value discount of Rs 530 PMT by FY28,” mentioned Ajay Kapur, entire time director & CEO of ACL.
Kapur additional mentioned that he expects over Rs 10,000 crore acquisition of Hyderbad-based Penna to be closed within the September quarter of this fiscal.
“With the Penna transaction anticipated to be closed by Q2 FY25, our capability will go to 89 MTPA and properly on monitor to attain our 140 MTPA plan by FY28,” mentioned Kapur.
Ambuja Cements Ltd (ACL) has introduced that its present money and money equal place of Rs 18,299 crore will allow the corporate to attain accelerated development sooner or later. The corporate offered updates on its ongoing initiatives, stating that brownfield expansions at 14 websites for a Clinker facility of 11 MnT and Cement capability of 23.4 MnT are progressing as deliberate.
ACL expects the completion of a 4 MTPA clinker line 3 at Bhatapara, Chhattisgarh, by This fall FY25, and a 6.4 MTPA grinding facility (Sankrail 2.4, Farakka 2.4, and Sindri 1.6 MTPA) between Q3 and This fall FY25. Moreover, the corporate is presently engaged in preoperative work for a 28 MTPA grinding facility and a 22 MTPA Clinker facility.
Concerning the outlook for the cement trade, ACL reported that cement demand in FY24 elevated by 7-8 %, reaching 422 MTPA, and is anticipated to develop additional by 7-9 % in FY25, reaching roughly 451 MTPA. The corporate attributes this development to a powerful correlation with GDP development and growing demand from the housing and infrastructure sectors.
The Indian authorities has allotted Rs 11.11 lakh crore for infrastructure initiatives within the Funds FY25, which represents 3.4 % of the nation’s GDP.
Moreover, the federal government plans to launch Section IV of the Pradhan Mantri Gram Sadak Yojana (PMGSY) to supply all-weather connectivity to 25,000 rural habitations. ACL believes that these measures will contribute to a buoyant cement demand sooner or later. Ambuja Cements Q1 revenue at Rs 789.63 cr; income at Rs 8,311.48 cr
The income from operations for the June quarter stood at Rs 8,311.48 crore, in comparison with Rs 8,712.90 crore in the identical quarter of FY23-24.
The monetary outcomes for the present quarter, previous quarter, and FY24 embrace the monetary outcomes of Sanghi, which was acquired by ACL in August final 12 months. Moreover, the outcomes of ACCPL (Asian Concretes and Cements Pvt Ltd), acquired by ACL’s subsidiary ACC, are additionally included.
“The outcomes for the present quarter, previous quarter and FY24, are usually not comparable with the quarter ended June 30, 2023, to that extent,” the corporate mentioned in a press release.
Moreover, the overall bills for the June quarter amounted to Rs 7,566.91 crore, whereas the overall earnings, together with different earnings, was Rs 8,666.20 crore.
The consolidated outcomes of Ambuja Cements embody the monetary efficiency of its step-down agency ACC Ltd, during which it holds roughly 51 per cent stake, and Sanghi Industries, a Gujarat-based firm acquired by the Adani group final 12 months.
Ambuja Cements reported a revenue after tax of Rs 570.65 crore within the June quarter on a standalone foundation, in comparison with Rs 644.88 crore within the corresponding quarter of the earlier 12 months. The standalone income from operations for the primary quarter of FY 2024-25 was Rs 4,780.32 crore.
The gross sales quantity of ACL, together with ACC, reached 15.8 million tonnes (MT), representing a 2.6 per cent improve. The corporate’s incomes assertion highlighted that this was the “highest ever Clinker & Cement gross sales in Q1 over final 5 years.” Ambuja Cements’s standalone gross sales quantity stood at 9.3 MT within the June quarter, marking a 2.2 per cent improve.
“Our continued enchancment on value brings visibility of reaching the focused value discount of Rs 530 PMT by FY28,” mentioned Ajay Kapur, entire time director & CEO of ACL.
Kapur additional mentioned that he expects over Rs 10,000 crore acquisition of Hyderbad-based Penna to be closed within the September quarter of this fiscal.
“With the Penna transaction anticipated to be closed by Q2 FY25, our capability will go to 89 MTPA and properly on monitor to attain our 140 MTPA plan by FY28,” mentioned Kapur.
Ambuja Cements Ltd (ACL) has introduced that its present money and money equal place of Rs 18,299 crore will allow the corporate to attain accelerated development sooner or later. The corporate offered updates on its ongoing initiatives, stating that brownfield expansions at 14 websites for a Clinker facility of 11 MnT and Cement capability of 23.4 MnT are progressing as deliberate.
ACL expects the completion of a 4 MTPA clinker line 3 at Bhatapara, Chhattisgarh, by This fall FY25, and a 6.4 MTPA grinding facility (Sankrail 2.4, Farakka 2.4, and Sindri 1.6 MTPA) between Q3 and This fall FY25. Moreover, the corporate is presently engaged in preoperative work for a 28 MTPA grinding facility and a 22 MTPA Clinker facility.
Concerning the outlook for the cement trade, ACL reported that cement demand in FY24 elevated by 7-8 %, reaching 422 MTPA, and is anticipated to develop additional by 7-9 % in FY25, reaching roughly 451 MTPA. The corporate attributes this development to a powerful correlation with GDP development and growing demand from the housing and infrastructure sectors.
The Indian authorities has allotted Rs 11.11 lakh crore for infrastructure initiatives within the Funds FY25, which represents 3.4 % of the nation’s GDP.
Moreover, the federal government plans to launch Section IV of the Pradhan Mantri Gram Sadak Yojana (PMGSY) to supply all-weather connectivity to 25,000 rural habitations. ACL believes that these measures will contribute to a buoyant cement demand sooner or later. Ambuja Cements Q1 revenue at Rs 789.63 cr; income at Rs 8,311.48 cr
