Q4FY23 Quarterly Result Announced for Ambuja Cements Ltd.
Ambuja Cements announced Q4FY23 results: Net Revenue up 3% QoQ at Rs 4,256 crore (standalone) Cost reduction QoQ by Rs 228 PMT (5%) at 4,295 PMT EBITDA PMT achieved in four digits, QoQ basis jumped to Rs 1,192 PMT from Rs 927 PMT PAT rose to Rs 502 crore as compared to Rs 369 crore last quarter Improvement in Cash & Cash equivalent, which stands at Rs 11,530 crore (consolidated) The company continues to remain Debt Free Improvement in Working Capital, Treasury Income increased by Rs 23 crore QoQ The Board of Directors has recommended a dividend on equity shares of Rs 2.50 per share (125%) Ajay Kapur, Whole Time Director & CEO, Ambuja Cements said, “We are pleased to report another strong performance of Ambuja Cement which has been driven by our strategic initiatives on business excellence, operational efficiencies and synergies. Our focus on operational excellence and cost optimisation measures has yielded improved profitability. We have been able to maintain our growth trajectory and further strengthen our position in the market. With the rise in construction activities across our markets, we see the continuation of the elevated demand and strong volumes in the coming quarters as well. On the ESG front, we continue to transform lives of the community around us and are consistently focussed on sustainability in all our operational and growth planning. We continue to reduce our carbon footprint by lowering the clinker factor, reducing thermal and electrical energy intensity, implementing Waste Heat Recovery Systems at our plants and increasing our use of and capacity of generating renewable energy. We, at Ambuja, remain committed to delivering sustainable growth and value to our stakeholders, and we are confident that our ongoing investments in capacity expansion and sustainability will enable us to achieve our long-term objectives.” Result PDF02-05-2023