Ambuja Cements posts robust 38% growth in PAT

Ambuja Cements Ltd., reported its Q1FY17 today. The company follows January to December as its financial year.
Ambuja Cements' sales for the quarter remained flat at Rs 5713 crore as against the Rs. 5736 crore in corresponding quarter of last year.

Due to poor operational efficiency during the quarter, the company witnessed 37.2 per cent YoY decline in EBITDA to Rs 809 crore. 

The company's EBITDA margin for the quarter stood at 14.2 per cent, a drop of 830 bps YoY.

The company registered an impressive bottomline growth of 38 per cent YoY to Rs. 397 crore.

In today’s trading session, the stock of Ambuja Cements opened at Rs 249.95, where it was closed on previous trading session. At the end of the session, it touched day's low of Rs 244.3 and closed at Rs 245.95.