Income from operations, in the meantime, elevated 6% YoY to Rs 4,213 crore within the July-September 2024 interval, in contrast with Rs 3,970 crore within the final yr interval.
Working EBITDA for the quarter declined 12% YoY to Rs 683 crore within the September quarter, whereas margins fell to 16.2% in the identical interval.
“We’re glad to ship one other sustained efficiency aligned to our progress blueprint and setting new benchmarks in effectivity. We proceed to concentrate on innovation, digitalisation, buyer satisfaction and ESG because the core parts of our enterprise,” stated Ajay Kapur, Complete Time Director & CEO, Ambuja Cement.
Operationally, the gross sales quantity recorded a progress of 9% YoY to 14.2 mnt, whereas kiln gasoline price was lowered by 13% to Rs 1.59 per ‘000 Kcal. This was potential because of the elevated use of low-cost imported Petcoke and E-auction coal together with an total discount in the price of gasoline basket.
In the course of the quarter, Ambuja introduced the signing of a binding settlement with Orient Cements for the acquisition of 46.8% fairness. Put up profitable completion of the transaction, the corporate is aiming to attain 100+ MTPA capability by this fiscal yr finish.Working price throughout the quarter stood at Rs 4,497 PMT, which is an enchancment of 4% YoY.On a consolidated stage, the money and money equal for the corporate was at Rs 10,135 crore on the finish of the second quarter, enabling it to speed up progress sooner or later.
For Ambuja, consolidated business-level working capital stands at 33 days, reflecting agility in unblocking the funds in stock and receivables.
“With our sturdy foothold throughout the nation, we’re additional increasing our footprint in new geographies in keeping with our imaginative and prescient,” Kapur stated.
On Monday, Ambuja Cement shares are buying and selling almost 5% larger at Rs 578.8 on NSE.