Ambuja Cements' Net Profit rises three times : iss cement me jaan hai

Cement Major Ambuja Cements announced its quarterly results on April 28, wherein Q1CY16 outperformed Q4CY15 results drastically. However, the Year-on-Year results dropped marginally. Company follows calendar year as financial year for keeping books of accounts.

Company’s standalone Revenue has surged by 2.7 per cent to Rs 2418.3 crore in Q1CY16 as against Rs 2355.81 crore in the last quarter. Revenues remained flat YoY. EBITDA stands at Rs 449.8 per cent as compared to Rs 327.6 crore, an increase of 37.3 per cent.

Its Net profit also has increased substantially by 176.2 per cent to Rs 303.76 crore in Q1CY16 as compared to Rs 109.96 crore in same period in previous fiscal year. Ambuja’s Net profit margin has risen by 168.8 per cent to 12.42 per cent in Q1CY16 on a quarterly basis. Higher Net profit was driven by rise in Other Income by 63.5 per cent to Rs 136.22 crore. YoY Net Profit has decreased by 4.4 per cent from Rs 317.69 crore.

The share price of Ambuja Cements remained flat at Rs 220.85. On the day of result Ambuja Cements dropped 2.4 per cent.

Ambuja Cements is an India based Cement major promoted by Holcim. Holcim supplies cement and aggregates crushed stone, gravel and sand. It deals in manufacture and distribution of cement, and the production, processing and distribution of aggregates, ready-mix concrete and asphalt. It also offers consulting, research, trading, engineering and other services.