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Stock Report
Ambuja Cements Q2 net profit at Rs.877.75 Crores
Posted On : 2007-07-20 04:44:19( TIMEZONE : IST )
Ambuja Cements Ltd has announced the Un-Audited financial results for the quarter ended June 30, 2007.
The Company has posted a net profit of Rs 8777.50 million for the quarter ended June 30, 2007 as compared to Rs 3274.90 million for the quarter ended June 30, 2006. Total Income has increased from Rs 13069.10 million for the quarter ended June 30, 2006 to Rs 15130.30 million for the quarter ended June 30, 2007.
The Board has declared interim dividend comprising of Rs 1.30 per equity share of Rs 2 each as one-time, special interim dividend on account of non-recurring income and Rs 1.20 per equity share of Rs 2 each as interim dividend on account of operational performance. The total interim dividend declared is Rs 2.50 per equity share of Rs 2 each. August 06, 2007 has been fixed as the Record Date for the purpose of payment of Interim Dividend.
The Company has capital expenditure plans for about Rs 3,500 crore during the next two to three years, for augmenting cement capacity by about 6 million tonnes.
The first phase of the thermal power plant at Ambujanagar in Gujarat was commissioned during the quarter, providing 30 MW of power generating capacity.
The Company also commissioned its new one million tonne cement grinding unit at Farakka in West Bengal during the quarter.
The one million tonne cement grinding unit at Roorkee in Uttarakhand will be commissioned during the current quarter.
The work of upgradation on the cement plant at Rabriyawas in Rajasthan is progressing well and will also be commissioned during the current quarter. With this, the clinkering capacity at Rajasthan will increase from the current 1.5 million tonnes to 2 million tonnes annually.
Work is ongoing for the clinker expansion projects at Bhatapara and Rauri, and associated split grinding units. In addition, captive power projects at the plants in Rabriyawas, Ropar, and Maratha, which will deliver in total 178 MW of capacity, are currently at various stages of completion.
The stock closed the day at Rs.135.90, down by Rs.2.90 or 2.09%. The stock hit an intraday high of Rs.140.50 and low of Rs.135.05. The total traded quantity was 795712 compared to 2 week average of 1369571.
