The company’s volumes grew by 7% supported by good price and has resulted in a 14% growth in net sales.
Volume growth of 7%, along with strong cement prices, helped the company post a 14% increase in consolidated net sales at Rs 3,468 crore.
“The company’s margin expanded by 410 bps (basis points) during the quarter and 480 bps for the full year,” managing director, Neeraj Akhoury said in a news release. “We have witnessed significant acceleration in volumes under the master supply agreement with ACC,” he said.
Standalone net profit, which excluded the numbers from affiliates and subsidiaries, rose 41% to Rs 497 crore.
Earnings before interest, taxes, depreciation and amortisation expanded 40% to Rs 768 crore.
Operating cost per tonne declined 2%, supported by operational efficiency programmes in the plants as well as logistics efficiencies, the company said.
Ambuja’s planned greenfield project at Marwar Mundwa, Rajasthan will commission this year. “This will further improve our market position in North and West regions,” the company said.
“Union budget 2021’s focus was on public sector undertaking privatisation, and on healthcare, rural and social development. We expect these overall economic measures along with continued focus on rural economy and affordable housing.
