Ambuja Cements reports strong PAT growth

Ambuja Cements' consolidated revenue for the quarter ended on March 2018 came in at Rs. 6,459.56 crore, registering marginal decline of 1.1 per cent yoy.

EBITDA for the quarter rose by 23.8 per cent yoy to Rs. 1,001.5 crore with a corresponding margin expansion of 312 bps. EBITDA margin for the quarter stood at 15.5 per cent. This margin expansion was aided by productivity improvements combined with cost saving measures and higher capacity utilisation. The company's capacity utilisation for the quarter improved to 85 per cent as against 81 per cent in the quarter ended March 2017.

The PAT for the quarter came in at Rs. 514.34 crore, yoy increase of 348.3 per cent.

The company proposes to set up a 3.1 Million Tonnes (9500 tpd) clinkerisation plant at Marwar Mundwa in Rajasthan. The Board of Directors have approved an initial investment of Rs. 1,391 crore towards the first phase of 1.7 Million Tonnes (5000 tpd) capacity which is expected to be commissioned in the second half of 2020.