Operating EBITDA Rs. 1,280 Cr, PAT Rs. 790 Cr
Operating Cost improved by 3% YoY at Rs. 4,437 PMT
Cash & Cash Equivalent at Rs. 18,299 Cr
Ahmedabad, 31 July 2024: Ambuja Cements, the cement and building materials flagship of the diversified Adani Group, has announced sustainable results for Q1 FY’25, supported by cost leadership, improved efficiencies and growth.
Mr. Ajay Kapur, Whole Time Director & CEO, Ambuja Cements, said, “We have delivered another sustainable performance and our focus on innovation, digitisation, customer satisfaction and ESG is at the heart of our success. Our persistent performance sets the tone for the rest of the financial year, as we expand our footprint and capacities across new geographies. Our continued improvement on cost brings visibility of achieving the targeted cost reduction of Rs. 530 PMT by FY’28. With the Penna transaction expected to be closed by Q2 FY’25, our capacity will go to 89 MTPA and well on track to achieve our 140 MTPA plan by FY’28.”
Operational Highlights
| Particulars (YoY) | Q1 FY’25 |
|---|---|
| Sales Volume (Clinker & Cement) |
Growth of 3% at 15.8 Mn T |
| Kiln Fuel Cost |
Reduced by 17% (Rs. 2.08 to Rs. 1.73/’000 kCal) |
| WHRS as a % of total power Consumption | Increased by 3.6 pp to 15.1% |
Financial Highlights (Consolidated)
Financial Performance for the quarter ended June 30, 2024
| Particulars | UoM | Consolidated | Standalone | ||
|---|---|---|---|---|---|
| Q1 FY’25 |
Q1 FY’24 |
Q1 FY’25 |
Q1 FY’24 |
||
| Sales Volume (Cement and Clinker) |
Mn T | 15.8 | 15.4 | 9.3 | 9.1 |
| Revenue from Operations | Rs. Cr | 8,311 | 8,713 | 4,516 | 4,730 |
| Operating EBITDA & Margin | Rs. Cr | 1,280 | 1,667 | 646 | 949 |
| % | 15.4% | 19.1% | 14.3% | 20.1% | |
| Rs. PMT | 807 | 1,082 | 691 | 1,040 | |
| Other Income | Rs. Cr | 355 | 263 | 420 | 189 |
| Profit Before Tax | Rs. Cr | 1,103 | 1,512 | 768 | 867 |
| Profit After Tax | Rs. Cr | 790 | 1,135 | 571 | 645 |
| EPS – Diluted | Rs. | 2.65 | 4.31 | 2.34 | 3.07 |
Progress on Ongoing Projects
Brownfield expansions at 14 sites for Clinker facility of 11 Mn T and Cement capacity of 23.4 Mn T is progressing well as per plan. Out of this 4 MTPA clinker line 3 at Bhatapara (Chhattisgarh) is expected by Q4 FY’25 and 6.4 MTPA grinding facility (Sankrail 2.4, Farakka 2.4 and Sindri 1.6 MTPA) is expected between Q3 & Q4 FY’25. In addition, pre-operative work for the 28 MTPA grinding facility and 22 MTPA Clinker facility is under progress.
ESG Updates
The Company has launched Digital BRSR (Business Responsibility and Sustainability Reporting) for financial year 2023-24 which is available on the Company’s website - https://www.ambujacement.com/ambuja4-BRSR/. The digital report enables quick overview and ease of information on Company’s ESG Performance in an interactive and interesting manner.
Branding
Outlook
Cement demand during FY’24 stood higher by 7 - 8% YoY at 422 MTPA and are likely to grow by 7 - 9 % in FY'25 to around 451 MTPA driven by strong correlation with GDP growth and rising demand from housing and infrastructure sectors. The Government aims to invest ~USD 3 trillion in infrastructure and housing development through the ongoing 'Housing for All' scheme, National Infrastructure plan, PM Gati Shakti National Master plan and others. An outlay of Rs. 11.11 lakh crores for Capital Expenditure has been allotted in Budget FY’25 which represents 3.4% of GDP. Phase IV of PMGSY will be launched to provide all-weather connectivity to 25,000 rural habitations. All these measures are expected to bring buoyancy to cement demand.
Achievements
Gold and Silver Awards for water positivity and waste co-processing, respectively, at the SKOCH Awards 2024.
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