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Ambuja Cements Ltd Q2CY21 consolidated PAT at Rs. 876.71 crores

Posted On: 2021-07-23 12:44:31 (Time Zone: UTC)


AMBUJA CEMENTS LTD. has reported financial results for the period ended June 30, 2021.

Financial Results (Q2 CY2021) - QoQ Comparison

The company has reported total income of Rs.7055.76 crores during the period ended June 30, 2021 as compared to Rs.7811.96 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.876.71 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.947.21 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.4.41 for the period ended June 30, 2021 as compared to Rs.4.77 for the period ended March 31, 2021.

FinancialsQ2 CY2021Q1 CY2021% Change
Total Income₹ 7055.76 crs₹ 7811.96 crsDown Tick -9.68%
Net Profit₹ 876.71 crs₹ 947.21 crsDown Tick -7.44%
EPS₹ 4.41₹ 4.77Down Tick -7.55%

Financial Results (Q2 CY2021) - YoY Comparison

The company has reported total income of Rs.7055.76 crores during the period ended June 30, 2021 as compared to Rs.4755.01 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.876.71 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.457.14 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.4.41 for the period ended June 30, 2021 as compared to Rs.2.30 for the period ended June 30, 2020.

FinancialsQ2 CY2021Q2 CY2020% Change
Total Income₹ 7055.76 crs₹ 4755.01 crsUp Tick 48.39%
Net Profit₹ 876.71 crs₹ 457.14 crsUp Tick 91.78%
EPS₹ 4.41₹ 2.30Up Tick 91.74%

Financial Results (6 months ended CY 2021) - YoY Comparison

The company has reported total income of Rs.14867.72 crores during the 6 months period ended June 30, 2021 as compared to Rs.11146.48 crores during the 6 months period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.1823.92 crores for the 6 months period ended June 30, 2021 as against net profit / (loss) of Rs.1011.39 crores for the 6 months period ended June 30, 2020.

The company has reported EPS of Rs.9.18 for the 6 months period ended June 30, 2021 as compared to Rs.5.09 for the 6 months period ended June 30, 2020.

Financials6 Months Ended CY20216 Months Ended CY2020% Change
Total Income₹ 14867.72 crs₹ 11146.48 crsUp Tick 33.38%
Net Profit₹ 1823.92 crs₹ 1011.39 crsUp Tick 80.34%
EPS₹ 9.18₹5.09Up Tick 80.35%

Mr. Neeraj Akhoury, CEO India, Holcim and Managing Director & CEO Ambuja Cements Limited said: "Ambuja registered a strong performance in the second Quarter of 2021 with 78% growth in operating EBIT and 310 basis points expansion in the EBIT margin. This performance resulted from strong growth in sales of premium products and successful execution of efficiency improvement programs which has partly been impacted by rising energy and raw material costs. Synergies under the master supply agreement have significantly benefited both Ambuja and ACC as we leverage our national footprint.

Along with delivering robust financial performance, we remain committed to be best in class in Sustainability goals. Our Waste Heat Recovery Systems projects are progressing as per plan and along with reduction in emissions will also reduce our dependence on thermal energy. With support of our parent, Holcim, we are focused on conserving natural resources by utilizing alternative fuels and raw materials. We have used about 46 Lac tonnes of waste-derived resources in the first six months of 2021. Our increased focus on sustainability, digitisation and innovation is enabling us to reach closer to our global goal of net zero emissions."

Shares of AMBUJA CEMENTS LTD. was last trading in BSE at Rs. 402.25 as compared to the previous close of Rs. 399.65. The total number of shares traded during the day was 295451 in over 5484 trades.

The stock hit an intraday high of Rs. 409.5 and intraday low of 401. The net turnover during the day was Rs. 119790509.


Source: Equity Bulls

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