Ambuja Cements Ltd Q1CY21 consolidated PAT at Rs. 947.21 crore

AMBUJA CEMENTS LTD. has reported financial results for the period ended March 31, 2021.

Financial Results (Q1 CY2021) - QoQ Comparison

The company has reported total income of Rs.7811.96 crores during the period ended March 31, 2021 (Q1 CY2021) as compared to Rs.7552.73 crores during the period ended December 31, 2020 (Q4 CY2020).

The company has posted net profit of Rs.947.21 crores for the period ended March 31, 2021 as against Rs.732.24 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.4.77 for the period ended March 31, 2021 as compared to Rs.3.69 for the period ended December 31, 2020.

Financials	Q1 CY2021	Q4 CY2020	% Change
Total Income	₹ 7811.96 crs	₹ 7552.73 crs	3.43%
Net Profit	₹ 947.21 crs	₹ 732.24 crs	29.36%
EPS	₹ 4.77	₹ 3.69	29.27%

Financial Results (Q1 CY2021) - YoY Comparison

The company has reported total income of Rs.7811.96 crores during the period ended March 31, 2021 (Q1 CY2021) as compared to Rs.6391.47 crores during the period ended March 31, 2019 (Q1 CY2020).

The company has posted net profit of Rs.947.21 crores for the period ended March 31, 2021 as against Rs.554.25 crores for the period ended March 31, 2019.

The company has reported EPS of Rs.4.77 for the period ended March 31, 2021 as compared to Rs.2.79 for the period ended March 31, 2019.

Financials	Q1 CY2021	Q1 CY2020	% Change
Total Income	₹ 7811.96 crs	₹ 6391.47 crs	22.22%
Net Profit	₹ 947.21 crs	₹ 554.25 crs	70.9%
EPS	₹ 4.77	₹ 2.79	70.97%

Mr. Neeraj Akhoury, CEO India for LafargeHolcim and Managing Director & CEO Ambuja Cements Limited said: "As India battles the second wave of COVID, our priority remains safety and well-being of our employees and communities. Health, Cost and Cash continue to be our key focus. Our Business Resilience Team is driving vaccination programs for employees and their families, enforcing prevention guidelines and providing round-the-clock healthcare support. We are determined to do everything that is possible to keep people safe and healthy.

Ambuja registered a strong performance in the first Quarter of 2021 with 83% growth in operating EBIT and 690 basis points expansion in EBIT margin. Despite strong and continuing headwinds on input prices including coal, petcoke and diesel, we have made significant progress on efficiency improvement that has had a positive impact on cost evolution.

India demand growth has been strong in the last quarter which has also helped the sales volume growth and commercial performance. We are also proud to witness that Ambuja's special products (created jointly with LafargeHolcim global R&D center and adhering to worldclass sustainability standards) were able to record solid growth. Synergies under the master supply agreement with ACC continue to be strongly positive for both companies.

Our ambitious growth plans to increase capacities in India are progressing well. Our upcoming facility in Marwar Mundwa, Rajasthan will enhance clinker capacity by 3 MTPA and help improve cement sales by 5 MTPA. We are progressing on our ambition to reach 50 million tons in the mid-term.

We remain focused on our sustainability goals and have improved our performance across key levers of carbon emissions, water consumption, use of alternative fuels and alternate raw materials and co-processing of waste. Going forward, we aim to maintain the momentum on our strategic priorities under the key levers of Growth, Competitiveness, Innovation & Digitalisation and Sustainability".

Shares of AMBUJA CEMENTS LTD. was last trading in BSE at Rs.314 as compared to the previous close of Rs. 308.85. The total number of shares traded during the day was 309513 in over 2971 trades.

The stock hit an intraday high of Rs. 314.9 and intraday low of 307.45. The net turnover during the day was Rs. 96216609.

Source : Equity Bulls

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