Ahmedabad, Gujarat, India:
EDITOR’S SYNOPSIS
- Cement Volume development of 12% from 6.0 MT to six.7 MT versus the identical quarter, earlier yr.
- Net Sales enhance of 14% versus the identical quarter, earlier yr.
- Cash and Cash Equivalent on the finish of quarter is Rs. 3479 Crore
Ambuja Cements Limited (Ambuja), the constructing supplies arm of the diversified Adani Group, at present introduced the monetary outcomes for the quarter ended September 30, 2022.
Operational Highlights:
- Robust quantity development of 12% as in comparison with the identical quarter final yr.
- Reduction in logistic prices pushed by unleashing community synergy and varied different value effectivity measures.
Financial Highlights:
- Net gross sales of Rs. 3,631 Crore, a rise of 14% as in comparison with Rs. 3,193 Crore in the identical quarter final yr.
- EBITDA for the quarter ended September 2022 stood at Rs. 304 Crore.
“Cement industry has been facing significant margin pressure resulting from steep rise in global energy prices. However, recent cooling off in energy prices and post monsoon demand pick up appears like silver lining for coming quarters. Ambuja has embarked upon a transformational journey to gain both scale and market leadership, with focused efforts on ramping up capacity, and margin expansion. By taking advantage of the scope and resources of the Adani Group, we aim to expand more quickly and with greater impact to gain leadership position in Cement industry,” stated Mr. Ajay Kapur, CEO Ambuja Cements. “With the equity infusion by the promoter group in the company, the expansion program will gather pace in the coming time. Considering the promise, we made to double our manufacturing capacity over the next five years, our growth plans are ambitious, and this will be evident in 2023. While cost pressures have not gone away, our growth plans remain strong.”
Unaudited Financial Results for the quarter ended September 30, 2022:
| Standalone | Consolidated | ||||
| Particulars | Quarter | Quarter | |||
| Jul-Sep 2022 |
Jul-Sep 2021 |
Jul-Sep 2022 |
Jul-Sep 2021 |
||
| Sales Volume | Million Tonnes | 6.74 | 6.00 | 12.57 | 11.90 |
| Net Sales | Rs. Crore | 3,631 | 3,193 | 7,051 | 6,529 |
| EBITDA | Rs. Crore | 304 | 703 | 334 | 1416 |
| EBITDA Margin | % | 8.4% | 22.0% | 4.7% | 21.7% |
ESG Highlights:
Continuing and furthering ESG management, Ambuja’s Sustainability Strategy is led by its Sustainable Development 2030 plan.
- In September 2022, WHRS initiatives at Bhatapara, Rauri and Marwar- Mundwa have been partially commissioned. Next wave of WHRS initiatives at Ambujanagar and Maratha crops are progressing nicely.
- Significant thrust on growing share of renewable energy – photo voltaic, wind and hydro energy.
- Ambuja continues its focus to construct low carbon portfolio by way of greater proportion of blended cement and accelerating inexperienced merchandise & options by way of growing utilization of Alternate Fuel & Raw Material (AFR).
- Water governance, sustainable livelihood and social inclusion for the neighborhood stays highest focus space and firm cast new partnerships with reputed corporates and welfare belief to assist in their Corporate Social Responsibility packages.
Awards and Recognition:
- Ambuja Cements acquired acknowledged as one of the Iconic Brands of India 2022 by the Economic Times.
- Ambuja’s Annual Integrated Report was awarded by the Institute of Chartered Accountants of India for Excellence in Financial Reporting.
- The first mixed Ambuja Cements & ACC’s Corporate Sustainability Campaign – ‘ChangeTheStory’ gained Silver on the Fulcrum Awards 2022 for Best use of Integrated Communications and gained Gold at South Asia SABRE Awards 2022 for its continued concentrate on Sustainability.
Ambuja Cements Limited., half of the Adani Group, is amongst India’s main cement firms. Ambuja has a capability of 31.5 million tonnes with six built-in cement manufacturing crops and eight cement grinding models throughout the nation. Ambuja has been acknowledged as India’s Most Trusted Cement Brand by TRA Research in its Brand Trust Report, 2022. Ambuja has supplied hassle-free, home-building options with its distinctive sustainable growth initiatives and environment-friendly practices because it began operations. The Company has many firsts to its credit score – a captive port with 4 terminals that has facilitated well timed, cost-effective, cleaner shipments of bulk cement to its prospects. To additional add worth to prospects, the Company has launched modern merchandise like Ambuja Plus, Ambuja Cool Walls, Ambuja Compocem and Ambuja Kawach underneath the umbrella of Ambuja Certified Technology. These merchandise not solely fulfil necessary buyer wants but additionally assist in considerably lowering carbon footprints. Being an worker pleasant office, Ambuja Cements has been ranked No. 1 in ‘Best Companies to Work For’ survey in 2022 by Business Today in the Construction and Infrastructure sector.
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