- Volume growth of 9% YoY, at 14.2 Mn T, Highest Volume in Q2 series in the last 5 years
- Operating EBITDA at ₹1,111 Cr, ₹780 PMT, EBITDA margin at 14.8% highest amongst peers
- Cash & Cash Equivalent at ₹ 10,135 Cr; Net worth increased to ₹ 59,916 Cr
NE BUSINESS BUREAU
AHMEDABAD, OCT 28
Ambuja Cements, the most trusted legacy cement brand, one of India’s largest cement and building materials company and part of the diversified Adani Group on Monday announced the highest quarterly revenue at ₹ 7,516 cr, up 1.2 per cent as against ₹ 7,423.95 crore during the same period of previous financial year. The revenue growth, it said, was driven by higher trade sales volume (up by 1 per cent) and premium product as percentage of trade sales at 26 per cent (up by 3.3 pp YoY).
The cement maker reported a net profit of ₹500 crore against the expectation of ₹301 crore for the three-month period ended September 2024. In the September 2023 quarter, the net profit stood at ₹633 crore, implying a decline of 22% in the quarter under review.
Ambuja Cements’ revenue rose 6% to ₹4,213 crore in the second quarter of FY25 from ₹3969 crore in the corresponding in the previous financial year.
The company’s EBITDA, short for earnings before interest, taxes, depreciation, and amortisation, at ₹680 crore also came in more than 50% higher than the estimates. In Q2 of FY24, the firm had reported an EBITDA of ₹773 crore.
Meanwhile, the firm registered a strong volume of 8.7 million tonne for the quarter under review, versus 7.6 million tonne in the same quarter a year ago.
It added that its net worth is at an all-time high at ₹59,916 crore and Cash and Cash equivalent at ₹10,135 crore.
Commenting on this, Ajay Kapur, Whole Time Director & CEO, Ambuja Cements, said, “We are glad to deliver another sustained performance aligned to our growth blueprint and setting new benchmarks in efficiency. We continue to focus on innovation, digitisation, customer satisfaction and ESG as the core elements of our business. With our strong foothold across the nation, we are further expanding our footprint in new geographies in-line with our vision. Post successful completion of the orient cement transaction, we are well poised to achieve 100+ MTPA capacity by this fiscal year end.’
Operational Highlights
| Particulars (YoY) | Q2 FY’25 | H1 FY’25 |
| Sales Volume
(Clinker & Cement) |
Growth of 9% YoY, at 14.2 MnT, highest volume in Q2 series in last 5 years | Growth of 6% YoY, at 30.1 MnT, highest volume in H1 series in last 5 years |
| Kiln Fuel
Cost |
Reduced by 13%
(Rs. 1.82 to Rs. 1.59/’000 kCal) |
Reduced by 15%
(Rs. 1.96 to Rs. 1.67/’000 kCal) |
| WHRS as a % of total power Consumption | Increased by
3.2 pp to 15.1% |
Increased by
3.4 pp to 15.1% |
| AFR consumption in Kiln | Increased by
2.5 pp to 9.5% |
Increased by
2.4 pp to 9.4% |
Financial Performance for the Quarter ended September 30, 2024:
| Particulars | UoM | Consolidated | Standalone | ||
| Q2
FY’25 |
Q2
FY’24 |
Q2
FY’25 |
Q2
FY’24 |
||
| Sales Volume
(Cement and Clinker) |
Mn T | 14.2 | 13.1 | 8.7 | 7.6 |
| Revenue from Operations | Rs. Cr | 7,516 | 7,424 | 4,213 | 3,970 |
| Operating EBITDA & Margin | Rs. Cr | 1,111 | 1,302 | 681 | 773 |
| % | 14.8% | 17.5% | 16.2% | 19.5% | |
| Rs. PMT | 780 | 995 | 784 | 1,020 | |
| Other Income | Rs. Cr | 374 | 476 | 265 | 378 |
| Profit Before Tax | Rs. Cr | 713 | 1,340 | 673 | 880 |
| Profit After Tax | Rs. Cr | 473* | 987 | 501 | 644 |
| EPS – Diluted | Rs. | 1.85 | 3.74 | 2.03 | 3.03 |
Financial Performance for the Half-Year ended September 30, 2024:
| Particulars | UoM | Consolidated | Standalone | ||
| H1
FY’25 |
H1
FY’24 |
H1
FY’25 |
H1
FY’24 |
||
| Sales Volume
(Cement and Clinker) |
Mn T | 30.1 | 28.5 | 18.0 | 16.7 |
| Revenue from Operations | Rs. Cr | 15,828 | 16,137 | 8,729 | 8,700 |
| Operating EBITDA & Margin | Rs. Cr | 2,391 | 2,969 | 1,327 | 1,722 |
| % | 15.1% | 18.4% | 15.2% | 19.8% | |
| Rs. PMT | 795 | 1,042 | 736 | 1,031 | |
| Other Income | Rs. Cr | 729 | 739 | 685 | 568 |
| Profit Before Tax | Rs. Cr | 1,807 | 2,851 | 1,437 | 1,746 |
| Profit After Tax | Rs. Cr | 1,256* | 2,123 | 1,068 | 1,289 |
| EPS – Diluted | Rs. | 4.47 | 8.04 | 4.36 | 6.10 |
* Includes exceptional item of Sanghi Rs. 121 Cr, AMRL Rs. 35 Cr
