According to the latest report from Bloomberg, Ambuja Cements’ net profit increased 77% to Rs 400 crore in the second quarter of calendar year 2016, from Rs 226 crore in the same quarter last year.
Revenue was steady, rising 2% to Rs 2541.2 crore from Rs 2493 crore in the year before. Other income from interest gains stood at Rs 117.2 crore.
The company’s earnings before interest, tax, depreciation and amortisation grew 58% to Rs 582 crore compared to the corresponding quarter last year.
The margin on EBITDA rose to 20% from 15% over the year.
WCT2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.
World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.
Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.
