Ambuja Cements Ltd reports Rs. 621.81 crore consolidated PAT in Q3CY20

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

Financial Results (Q3 CY2020) - QoQ Comparison

The company has reported total income of Rs.6266.55 crores during the period ended September 30, 2020 as compared to Rs.4755.01 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.621.81 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.457.14 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.3.13 for the period ended September 30, 2020 as compared to Rs.2.30 for the period ended June 30, 2020.

Financials	Q3 CY2020	Q2 CY2020	% Change
Total Income	Rs. 6266.55 crs	Rs. 4755.01 crs	31.79%
Net Profit	Rs. 621.81 crs	Rs. 457.14 crs	36.02%
EPS	Rs. 3.13	Rs. 2.30	36.09%

Financial Results (Q3 CY2020) - YoY Comparison

The company has reported total income of Rs.6266.55 crores during the period ended September 30, 2020 as compared to Rs.6189.81 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.621.81 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.385.09 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.3.13 for the period ended September 30, 2020 as compared to Rs.1.94 for the period ended September 30, 2019.

Financials	Q3 CY2020	Q3 CY2019	% Change
Total Income	Rs. 6266.55 crs	Rs. 6189.81 crs	1.24%
Net Profit	Rs. 621.81 crs	Rs. 385.09 crs	61.47%
EPS	Rs. 3.13	Rs. 1.94	61.34%

Financial Results (9 months ended CY 2020) - YoY Comparison

The company has reported total income of Rs.17413.03 crores during the 9 months period ended September 30, 2020 as compared to Rs.20467.60 crores during the 9 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.1633.20 crores for the 9 months period ended September 30, 2020 as against net profit / (loss) of Rs.1503.46 crores for the 9 months period ended September 30, 2019.

The company has reported EPS of Rs.8.22 for the 9 months period ended September 30, 2020 as compared to Rs.7.57 for the 9 months period ended September 30, 2019.

Financials	9 Months Ended CY2020	9 Months Ended CY2019	% Change
Total Income	Rs. 17413.03 crs	Rs. 20467.60 crs	-14.92%
Net Profit	Rs. 1633.20 crs	Rs. 1503.46 crs	8.63%
EPS	Rs. 8.22	Rs. 7.57	8.59%

Mr. Neeraj Akhoury, Managing Director & CEO stated: "The foundations of our business remain strong to drive growth, expand operating margins and enhance cash conversion.

Robust improvements in operational efficiencies, cost reduction programs coupled with volume growth, have led to Operating EBITDA increase by 55% for the quarter and a margin expansion of 710 bps. Our focus on working capital management has resulted in a strong positive cash conversion. We are executing our growth strategy, through a new plant at Marwar Mundwa in Rajasthan, which is scheduled to be commissioned in Quarter 2, 2021.

We are pleased to announce an interim dividend of Rs. 17 per share based on our strong performance and continuous healthy cash generation. We would like to thank our shareholders for their continued support."
Shares of AMBUJA CEMENTS LTD. was last trading in BSE at Rs.253.85 as compared to the previous close of Rs. 253.4. The total number of shares traded during the day was 230041 in over 3502 trades.

The stock hit an intraday high of Rs. 255.45 and intraday low of 249.7. The net turnover during the day was Rs. 58154028.

Source : Equity Bulls

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