Ambuja Cement reports PAT increase of 12.7 per cent
Ambuja Cement Limited reported its results for the quarter ended September 30, 2018. Ambuja Cement's consolidated revenue for the quarter came in at Rs. 6,097.53 crore, registering 11.8 per cent yoy increase. This was primarily driven by volume growth in cement due to higher demand.
EBITDA for the quarter rose by 4.6% yoy to Rs. 883.83 crore with a corresponding margin contraction of 101 bps. EBITDA margin for the quarter stood at 14.5%. This margin contraction was aided by rising costs especially for power and fuel, diesel, packing bags (impacted by increase in crude prices) coupled with volatility in the exchange rates.
The PAT for the quarter came in at Rs. 396.01 crore, yoy increase of 12.7 per cent. PAT margin stood at 6.50 per cent as against 6.44 per cent last year during same quarter.
On Wednesday at 10.10 AM, the stock of Ambuja Cement traded at Rs. 195.75 per share, down by 2.68 per cent form it’s last closing on BSE, while the Sensex was trading at 34,097 up by 250 points form its last closing.