Ambuja Cements Limited reported growth of 7.8% in cement sales volumes in the April – June quarter (2Q14) at 5.79 million t from 2Q13’s 5.38 million t. Net sales soared 15.4% to Rs.2706 crore, while operating EBITDA reached Rs.588 crore, up 12.4% y/y. Net profit after tax increased significantly, reaching Rs.409 crore, up from 2Q13’s Rs.324 crore – a 26.2% increase.
The company reports it is anticipating strong demand in the second half as construction activity should pick up following the increased infrastructure and housing budget. Ambuja Cement is focused on improving operational efficiencies and customer service, factors which should also improve performance.
Speaking to The Wall Street Journal, the CEO of Holcim said that regulators are being formally notified of the companies’ plans to tackle antitrust concerns.