Ambuja Cements Q1 2024-25 results: Net profit falls 30.45%, revenue down 4.6%
Ambuja Cements sees its net profit fall by 30.54%, with segment profit from cements falling by 38.76%
Ambuja Cements Ltd has released its first quarter results for the financial year 2024-25 on Wednesday, July 31, 2024.
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What was Ambuja Cements' net profit and revenue?
Ambuja Cements saw its first quarter consolidated net profit fall by 30.45% or by ₹345.83 crore to ₹789.63 crore, compared to ₹1,135.46 crore during the first quarter of 2023-24.
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The Adani group's cement company saw its revenue drop by 4.60% or by ₹401.42 crore to ₹8,311.48 crore, compared to ₹8,712.90 crore in the same quarter of the previous year.
The cement giant's total income dropped by 3.45% or by ₹309.94 crore to ₹8,666.20 crore, compared to ₹8,976.14 crore in Q1 2023-24.
What was the segment-wise results of Ambuja Cements?
Revenue from cements dropped by 4.53% to ₹8,008.85 crore, which is a ₹380.57 crore drop from ₹8,389.42 crore recorded in the same quarter of the previous year.
{{/usCountry}}Revenue from cements dropped by 4.53% to ₹8,008.85 crore, which is a ₹380.57 crore drop from ₹8,389.42 crore recorded in the same quarter of the previous year.
{{/usCountry}}Profit from cements fell by 38.76% to ₹807.76 crore, which is a drop of ₹511.36 crore, compared to ₹1,319.12 crore in the same quarter of the previous year.
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Revenue from ready concrete mix fell by 9.33% or by ₹33.86 crore to ₹328.83 crore, compared to ₹362.69 crore in Q1 2023-24.
Profit from ready concrete mix on the other hand, went up around 6 times or 578.37% to ₹22.59 crore, compared to just ₹3.33 in Q1 2023-24. This was an increase of ₹19.26 crore.
How much were Ambuja Cements' expenses?
Ambuja Cements incurred total expenses worth ₹7,566.91 crore. This was an increase of 1.3% or ₹97.17 crore compared to ₹7,469.74 crore in Q1 2023-24.
Cost of materials consumed rse to ₹1,419.40 crore. This was a 9.25% or ₹120.19 crore increase compared to ₹1,299.21 crore in Q1 2023-24.
The cost of royalty on minerals has also been reclassified as cost of materials consumed from the other expenses. Other expenses rose 11.55% or by ₹100.92 crore to ₹974.26 crore, compared to ₹873.34 crore earlier.
Power and fuel costs on the other hand, fell by 10.60% to ₹2,066.96 crore. This was a drop of ₹245.11 crore, compared to ₹2,312.07 crore in the same quarter of the previous year.
Freight and forwarding expenses fell by 5.23% or by ₹115.82 crore to ₹2,096.12 crore, compared to ₹2,211.94 crore previously.
The company's purchase of stock-in trade rose 388% or by ₹224.38 crore to ₹282.20, compared to just ₹57.82 crore earlier.
Inventories of finished goods, work-in-progress and stock-in-trade fell by 124.31 crore. It fell by 86.12 crore during the same quarter of the previous year, marking a 44.34% increase in decline this quarter.
How did Ambuja Cements shares perform?
Ambuja Cements shares closed at ₹679.75 on the Bombay Stock Exchange (BSE), a gain of 0.79%% or 5.30 points after the trading session on Wednesday, July 31, 2024.
