Revenue from operations, meanwhile, increased 6% YoY to Rs 4,213 crore in the July-September 2024 period, compared with Rs 3,970 crore in the last year period.
Operating EBITDA for the quarter declined 12% YoY to Rs 683 crore in the September quarter, while margins fell to 16.2% in the same period.
“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, digitalisation, customer satisfaction and ESG as the core elements of our business,” said Ajay Kapur, Whole Time Director & CEO, Ambuja Cement.
ETMarkets.comOperationally, the sales volume recorded a growth of 9% YoY to 14.2 mnt, while kiln fuel cost was reduced by 13% to Rs 1.59 per ‘000 Kcal. This was possible due to the increased use of low-cost imported Petcoke and E-auction coal along with an overall reduction in the cost of fuel basket.
During the quarter, Ambuja announced the signing of a binding agreement with Orient Cements for the acquisition of 46.8% equity. Post successful completion of the transaction, the company is aiming to achieve 100+ MTPA capacity by this fiscal year end.Operating cost during the quarter stood at Rs 4,497 PMT, which is an improvement of 4% YoY.On a consolidated level, the cash and cash equivalent for the company was at Rs 10,135 crore at the end of the second quarter, enabling it to accelerate growth in the future.
For Ambuja, consolidated business-level working capital stands at 33 days, reflecting agility in unblocking the funds in inventory and receivables.
“With our strong foothold across the nation, we are further expanding our footprint in new geographies in line with our vision,” Kapur said.
On Monday, Ambuja Cement shares are trading nearly 5% higher at Rs 578.8 on NSE.