Ambuja Cements reported a consolidated web revenue of Rs 947 crore within the March quarter, up 71 per cent from similar interval final 12 months, on the again of upper gross sales at the same time as tax bills rose significantly.
Internet gross sales of the corporate stood at Rs 7,715 crore within the interval below evaluation, up 23 per cent from similar interval final 12 months as particular product volumes grew lending assist to the topline.
The consolidated earnings earlier than curiosity, taxes, depreciation and ammortisation (EBITDA) margin within the March quarter stood at 24.1 % as in opposition to 19.4 % in the identical interval final 12 months, stated the corporate launch.
Tax expense of the corporate within the interval below evaluation stood at Rs 413.34 crore as in opposition to Rs 264 crore within the corresponding interval final 12 months.
“Regardless of robust and persevering with headwinds on enter costs together with coal, petcoke and diesel, now we have made vital progress on effectivity enchancment that has had a constructive affect on price evolution,” Neeraj Akhoury, chief government officer for LafargeHolcim and managing director and chief government officer at Ambuja Cements was quoted as saying.
India demand progress has been robust within the final quarter, which has additionally helped the gross sales quantity progress and business efficiency, he added.
On capex entrance, the corporate’s upcoming facility in Marwar Mundwa, Rajasthan will improve clinker capability by 3 MTPA and assist enhance cement gross sales by 5 MTPA. The corporate, in the meantime, is progressing on its ambition to achieve 50 million tonne within the mid-term.
The venture is scheduled to begin operations in Oct-Dec quarter of FY21, stated the corporate.
Going forward, the corporate stays cautiously optimistic amid the robust second Covid-19 wave hitting the nation.
Although the second wave of pandemic warrants warning, the elevated vaccination drive mixed with the assorted stimulus proposals offered within the Union Funds 2021 and accommodative financial and financial insurance policies are anticipated to assist financial restoration within the medium time period, stated Ambuja.
Rural demand is more likely to stay resilient on a great projection for the agriculture sector.
“We wish to stay cautiously optimistic for the 12 months,” stated the corporate.
In the meantime, the corporate has additionally put in place a 24X7 COVID-19 disaster management room and are facilitating vaccination for all eligible staff and their households.
“We’re carefully monitoring the scenario and can proceed to take all needed actions to make sure the well being and security of our staff and communities. Our Crops are persevering with to function below strict COVID protocols,” knowledgeable Ambuja Cements.