Revenue of Ambuja Cement sees 64% upsurge & profit of Rs. 1,055 crore in FY24

Pre-eminent cement manufacturing company Ambuja Cements Limited has reported that 63.60% year-on-year rise in consolidated net profit at Rs. 1,055.16 crore. The company had recorded a net profit of Rs. 644.94 crore during the same period last year (Q4FY23). As the result, the net profit went up 28.20% from Rs. 823.05 crore in the last quarter.

The company revenue from the operation went up to 11.64% to Rs. 8,893.99 crore in Q4 as compared to Rs. 7,965.98 crore reported in the year before. On a quarter-on-quarter basis, the revenue for operations stood at Rs. 8,128.80 crore. 

The total income of the company as recorded as Rs. 9,127.45 crore for Q4FY24 with an increase of 10.62% from Rs. 8,250.45 crore reported during the year-ago period. Based on quarter-on-quarter the total rise in the income of the company is 9.67%. The income was Rs. 8,322.45 crore in Q3FY24.

In the whole financial year, the company witnessed a rise in net profit by 38.45% at Rs. 3,576.79 crore, compared to Rs. 2,583.40 crore reported at the end of FY23.

The revenue of the company from operations for FY24 decreased by 14.83% at Rs. 33,159.64 crore, compared to Rs. 38,937.03 crore in the previous financial year.

The total income of the company declined  by 13.48% at Rs. 34,326.04 crore in FY24, compared to Rs.39,674.74 crore reported in FY23.

The Whole-Time Director and chief executive officer (CEO) of Ambuja Cements, Ajay Kapur commented, “Our impressive financial performance during the year is a testament to the resilience and adaptability of our business model. It mirrors the Indian economy, which has emerged as a bright spot amidst a challenging global economic scenario. We remain steadfast in delivering long-term value and sustainable growth as we soar towards doubling capacities, investment in efficiency improvement, green power, assured supplies of raw-material and fuel.  We continue to play a vital role in the nation’s growth story.