Ambuja Cement Q3 Result : PAT drops 55.48%, Sales Up 23%

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Ambuja Cements Ltd., a member of Holcim – global leader in innovative and sustainable building solutions, is among the leading cement companies in India, posted its Q3FY22 Financial Result yesterday.

The company has reported, a consolidated Total Income of ₹7,709.61 crore in the quarter ended in December 31, 2021 as against ₹7,552.73 crore in the corresponding quarter ended last year on Dec 31, 2020, increased by 2.08%

The company has posted a consolidated Net Profit of ₹430.97 crore in the quarter ended on December 31, 2021 as against ₹968.24 crore in the corresponding quarter ended in last year. The PAT surges down by 55.48%

The status of the EPS of the company stood at ₹1.46 as on Dec 31, 2021 compared to the previous quarter ended on December 31, 2020 which was ₹3.69, down by 60.43%.

(I) Audited Consolidated Financial Results for Quarter Ended :

₹*Dec 31, 21Sep 30, 21Dec 30, 20
Total Income7709.616740.577552.73
Total Expenses6865.615543.516434.43
PBT728.341201.23948.34
PAT(loss)430.97890.67968.24
*figures are in Crores

(II) Key Highlights about the Performance :

  • Net Sales for the year stood at ₹13,794 Crore compared to ₹11, 175 Crore in the previous year, registering a growth of 23% year on year supported by strong growth in sales volumes and product mix.
  • EBIT grows by 25% YoY
  • Net Sales during the quarter stood at ₹3,679 Crore compared to ₹3,468 Crore in the corresponding quarter
  • of the previous year, registering a growth of 6%, and Operating EBIT stood at ₹398 Crore.
  • EBITDA for the quarter impacted by unprecedented increases of fuel prices, QoQ basis
  • Investment of ₹3500 Crore for Cement expansion plan of 7.0 million tons approved
  • The Board of Directors have recommended a dividend on equity shares of ₹6.30 per equity share.
  • Free Cash Flow improved by 14% during the year, supported by strong working capital management, with year-end cash balance in excess of ₹7,000 Cr.

(III) Audited Consolidated Financial Results for 9 Months Ended :

₹*9MFY229MFY21Change %
Net Income/ (Loss)29317.9024965.7617.43 Up
Net Profit/ (Loss)2780.382365.4417.54 Up
₹* figures are in Crores

Shares of Ambuja Cements Ltd was last traded in BSE at ₹359.40 as compared to the previous close of ₹360.95. The total number of shares traded during the day was 85317 in over 3038trade.

The stock hit in BSE yesterday,

  • Intraday High of ₹ 365.0
  • Intraday low of ₹ 357.60