Ambuja Cements Ltd Q2CY2020 consolidated PAT at Rs. 457.14 crore

AMBUJA CEMENTS LTD. has reported financial results for the period ended June 30, 2020.

Financial Results (Q2 CY2020) - QoQ Comparison

The company has reported total income of Rs.4755.01 crores during the period ended June 30, 2020 as compared to Rs.6391.47 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.457.14 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.554.25 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.2.30 for the period ended June 30, 2020 as compared to Rs.2.79 for the period ended March 31, 2020.

Financials	Q2 CY2020	Q1 CY2020	% Change
Total Income	₹ 4755.01 crs	₹ 6391.47 crs	-25.6%
Net Profit	₹ 457.14 crs	₹ 554.25 crs	-17.52%
EPS	₹ 2.30	₹ 2.79	-17.56%

Financial Results (Q2 CY2020) - YoY Comparison

The company has reported total income of Rs.4755.01 crores during the period ended June 30, 2020 as compared to Rs.7184.52 crores during the period ended June 30, 2019.

The company has posted net profit / (loss) of Rs.457.14 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.622.93 crores for the period ended June 30, 2019.

The company has reported EPS of Rs.2.30 for the period ended June 30, 2020 as compared to Rs.3.14 for the period ended June 30, 2019.

Financials	Q2 CY2020	Q2 CY2019	% Change
Total Income	₹ 4755.01 crs	₹ 7184.52 crs	-33.82%
Net Profit	₹ 457.14 crs	₹ 622.93 crs	-26.61%
EPS	₹ 2.30	₹ 3.14	-26.75%

Financial Results (6 months ended CY 2020) - YoY Comparison

The company has reported total income of Rs.11146.48 crores during the 6 months period ended June 30, 2020 as compared to Rs.14277.79 crores during the 6 months period ended June 30, 2019.

The company has posted net profit / (loss) of Rs.1011.39 crores for the 6 months period ended June 30, 2020 as against net profit / (loss) of Rs.1118.37 crores for the 6 months period ended June 30, 2019.

The company has reported EPS of Rs.5.09 for the 6 months period ended June 30, 2020 as compared to Rs.5.63 for the 6 months period ended June 30, 2019.

Financials	6 Months Ended CY2020	6 Months Ended CY2019	% Change
Total Income	₹ 11146.48 crs	₹ 14277.79 crs	-21.93%
Net Profit	₹ 1011.39 crs	₹ 1118.37 crs	-9.57%
EPS	₹ 5.09	₹5.63	-9.59%

"We are determined that health of our employees and partners is accorded the highest priority. The country is working to surmount Covid-19 related challenges and Ambuja is a proud partner in these collective efforts. Our Ambuja Cement Foundation has been a flag bearer in delivering support to our stakeholders.

Ambuja has recorded yet another quarter of very strong results with operating EBITDA margin of 28%. In spite of complete lockdown in April, volume decline of 29% was more than offset by lower costs, which fell by 31%. Our sharp focus on cost reductions across value chain and cash management has helped to further strengthen our strong balance sheet. Ambuja has remained resolutely focused on Health, Productivity and Cost along with working closely with the community." said Mr. Neeraj Akhoury, Managing Director & CEO.

Shares of AMBUJA CEMENTS LTD. was last trading in BSE at Rs.201 as compared to the previous close of Rs. 197.8. The total number of shares traded during the day was 364648 in over 3481 trades.

The stock hit an intraday high of Rs. 202.45 and intraday low of 196.6. The net turnover during the day was Rs. 73027964.

Source : Equity Bulls

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