Income from operations in the course of the fourth quarter elevated 12% year-on-year to Rs 4,780 crore, in contrast with Rs 4256 crore in the identical quarter of final yr.
The Board has really useful a dividend of Rs 2 per fairness share for the monetary yr 2023-24, topic to approval of shareholders of the corporate.
The corporate has fastened June 14 because the report date for the aim of figuring out the eligibility of shareholders and the stated dividend can be paid after July 1.
EBITDA for the fourth quarter elevated marginally to Rs 798 crore, whereas marginals declined to 16.6%.”Our spectacular monetary efficiency in the course of the yr is a testomony to the resilience and adaptableness of our enterprise mannequin. It mirrors the Indian financial system, which has emerged as a vivid spot amidst a difficult world financial situation,” stated Ajay Kapur, Complete Time Director & CEO, Ambuja Cements.Operationally, gross sales quantity (Clinker and Cement) report a progress of 17.3% in the course of the fourth quarter at 16.6 Mn T. In the meantime, the Kiln gas price diminished by 17% to Rs 1.84/’000 kCal.The money and money equal stood at Rs 24,338 crore on the finish of March quarter, which is highest amongst friends within the trade and allows accelerated progress in future.
For Ambuja’s standalone enterprise stage, working capital stands at 16 days reflecting agility in unblocking the funds in stock and receivables.
“We stay steadfast in delivering long-term worth and sustainable progress as we soar in the direction of doubling capacities, funding in effectivity enchancment, inexperienced energy, assured provides of raw-material and gas. We proceed to play an important function within the nation’s progress story,” Kapur added.
The corporate efficiently accomplished three acquisitions (Sanghi, Asian Cements & GU in Tuticorin) and the cement capability elevated by 11.4 MTPA to 78.9 MTPA.
On Tuesday, Ambuja shares closed 1.7% decrease at Rs 618.95 on NSE.
