India’s Ambuja Cement has recorded positive 2Q12 results. Net profit rose 34.9% from Rs.348 crore in 2Q11 to Rs.469 crore and EBITDA was up by 22.8% y/y to Rs. 735 crore. Cement production reached 5.58 million t, a y/y increase of 7.3%. Cement sales also grew by 7.3% from 5.16 million t in 2011 to 5.54 million t this year.
Ambuja Cement said it would continue to strive for increased productivity and operational efficiency. However, it noted that costs had risen sharply in terms of raw material, coal, transport and distribution. The company forecast a squeeze on profit margins due to these higher prices, as well as a drop in demand during the monsoon season.
Adapted from press release by Louise Fordham.
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