Ambuja Cements achieves a 46.1% increase in operating EBITDA

Quarterly results

Ambuja Cements Ltd sold 4.67 million t of cement in the July – September 2014 quarter. This is down 1.1% y/y on the corresponding period in 2013 when 4.72 million t of cement was sold. However, net sales grew by 9.2% y/y while operating EBITDA improved by 46.1% y/y to reach Rs.393 crores. Net profit after tax came in at Rs.239, up 44% y/y on the Rs.166 crores achieved in July – September 2014.

During the period Ambuja Cements commissioned a 0.8 million t roller press at the Rabriyawas plant in Rajasthan.

The Indian cement manufacturer has said that it will continue to enhance efficiency and focus on customer service and commercial excellence in order to improve its performance further.

Carbon Disclosure Project

The company achieved a score of 92 out of 100 in the ‘India 200 Climate Change Report 2014’, which was recently published by the global Carbon Disclosure Project (CDP). The company ranked in tenth place across all sectors in the Carbon Disclosure Leadership Index. Within the ‘Materials’ segment the group ranks in second place behind Tata Steel, and leads among the cement producers in the listing. Ambuja Cements is cited for its efforts to reduce emissions and conserve limestone reserves – more than 91% of its products are flyash blended cements compared to the industry average of 67%.

Adapted from press release by Louise Fordham

Read the article online at: https://www.worldcement.com/asia-pacific-rim/31102014/ambuja-cements-reports-promising-financial-results-773/