Ambuja Cements Q4 profit stands at Rs1,525.78 crore

Revenue from operations was at Rs8,893.99 crore during the quarter

New Delhi: Adani Group firm Ambuja Cements Ltd on Wednesday reported a consolidated net profit at Rs1,525.78 crore for the fourth quarter ended on March 2024.

The company had reported a net profit of Rs763.30 crore in the January-March quarter a year ago, according to a regulatory filing.

Its consolidated revenue from operations was at Rs8,893.99 crore during the quarter under review. It was Rs7,965.98 crore in the corresponding period last fiscal, the filing said.

According to Ambuja Cements Ltd (ACL), the consolidated results for the quarter and the financial year ended on Mar 31, 2024, include the financial results of Sanghi, which was acquired by Adani Group firm last quarter.

Hence, the results “are not comparable with quarter and fifteen months ended March 31 2023,” it said.

ACL’s total expenses in the March quarter were at Rs7,741.31 crore.

Its total revenue in the March quarter was at Rs9,127.45 crore.

The consolidated results of Ambuja Cements include the financial performance of its step-down firm ACC Ltd, in which it owns around 51 per cent stake.

On a standalone basis, Ambuja Cements reported a profit after tax of Rs532.29 crore in the March quarter. It was Rs502.40 crore in the year-ago quarter.

Its standalone revenue from operations was at Rs4,780.32 crore in fourth quarter of FY 2023-24.

Ambuja Cements’ consolidated sales volume, which also includes ACC, was at 16.6 million tonne (MT).

While on standalone, Ambuja Cements’s own sales volume was at 9.5 MT in the March quarter.

Shares of Ambuja Cements on Wednesday were trading at Rs619.70 on BSE, down 1.60 per cent from the previous close.