Ambuja Cements Q4 results : Consolidated PAT surges 64% to Rs 1,055 crore

Ambuja Cements Q4 results

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Ambuja Cements Q4 results : Ambuja Cements’ revenue from operations rose 12 percent to Rs 8,894 crore. The company also said that its board has recommended a dividend of Rs 2 per share.

Gautam Adani-owned Ambuja Cements recorded a 64 percent surge in the March quarter consolidated net profit to Rs 1,055 crore (attributable to owners of the company) from Rs 645 crore last year, helped by softened input costs. Ambuja Cements Q4 results

The company’s revenue from operations rose 12 percent to Rs 8,894  crore. On a sequential basis, revenue rose 9.4 percent from Rs 8,128.80 crore while profit surged 28 percent from Rs 823.05 crore reported in Q3FY24. Ambuja Cements Q4 results

On standalone basis, the cement maker’s profit rose 6 percent to Rs 532 crore from Rs 502 crore in the same quarter last fiscal. Ambuja Cements Q4 results

The company also said that its board has recommended a dividend of Rs 2 per share.

On April 30, Ambuja Cements’ shares closed trading 1.7 percent lower at Rs 618.95 a piece. Ambuja Cements Q4 results

Kiln fuel cost in the quarter dipped 17 percent, the company said.

“The cement industry’s outlook remains positive driven by pre-election spending, ongoing government emphasis on infrastructure development, and sustained real estate activity,” the company said. Ambuja Cements Q4 results

Cement prices across India suffered a significant drop in the second half of the fiscal year due to escalating competition and an increase in supply. Prices fell by Rs 40-45 per bag over the five months from November 2023 to March 2024, following a price increase in October 2023, according to a recent market report by analytics firm CRISIL. Ambuja Cements Q4 results

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