The consolidated net profit during January-March 2021 of Ambuja Cement has a growth of 65%. Its profit after tax (PAT) stood at Rs 1,228.24 crore in Q4 FY21 as against Rs 742.59 crore it recorded in the corresponding quarter last year.
The company’s net consolidated income stood at Rs 7,811.96 crore, a growth of 22 per cent from Rs 6,391.47 crore it registered in the similar quarter previous fiscal.
“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, pet-coke and diesel, we have made significant progress on efficiency improvement that has had a positive impact on cost evolution.
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,” said Neeraj Akhoury, CEO India for LafargeHolcim and managing director & CEO Ambuja Cements.
Power and fuel per tonne cost increased by 4.1% for the quarter due to rising input costs such as pet-coke and coal
while raw material per tonne costs declined 3.4% on account of better raw material mix, the company said in its investor presentation.