Ambuja Cements posts strong numbers in Q2

Ambuja Cement a part of a global conglomerate Holcim and a leading cement manufacturer post market hours has declared its Q2CY16 results. Company reported a strong top line, with total income from operation increasing by 2 per cent and which stands at Rs 2560.72 crores. EBITDA numbers were also impressive, with a rise of 57 per cent as compared to Q2CY15.EBITDA for this quarter i.e. Q2FY16 stands at Rs 600.88 crores. On the other side, bottom line of the company in this quarter was quite extraordinary. Net profits stand at Rs 399.41 cores, a whopping increase of 77 per cent as compared to the corresponding quarter of the previous fiscal.

Scrip of the company on July 26, closed at Rs 262. On July 27, the pre-open indicative of the stock is quite strong and stands at Rs 278.35, up by 3.11 per cent. In the last 1 month, the shares are up by 9 per cent. In the last 3 months the shares have given a return of 24 per cent.

Better prices and significantly lower energy costs helped the company put up a good quarterly show. The company being a regional player with focus on West, North and Central India, benefited from uptick in cement prices in the northern region. With better realisation, the cost-saving initiative helped the company report improved operating performance.

Ambuja Cement India Ltd., is an Indian cement company formerly known as Gujarat Ambuja Cement Ltd. The company has only one operating segment 'cement'.