Adani Group owned Ambuja Cements reported a robust monetary outcomes for the quarter ending on December 31, 2024, on Wednesday. The corporate reported a web revenue of ₹1,758.03 crore, marking an enormous enhance of over 242% in comparison with ₹513.68 crore in the identical interval final 12 months.
On a sequential foundation, the revenue jumped 251 per cent from ₹500.66 crore within the September quarter (Q2FY25).
In the meantime, the corporate’s complete earnings surged by practically 28 per cent to ₹5,814.89 crore within the reviewed quarter, up from ₹4,547.73 crore in the identical interval final 12 months. On a QoQ foundation, it registered a 30 per cent enhance from ₹4,478.24 crore in Q2FY25.
Ambuja’s EBITDA dropped 29 per cent year-on-year to ₹600 crore, whereas its margins shrank by over 700 foundation factors, declining to 11.9% from 19% within the corresponding quarter of the earlier 12 months.
“The corporate improved its operational effectivity by lowering prices by the usage of low-cost imported pet coke. Moreover, it lowered logistics prices by enhancing effectivity, optimizing lead distances, and lowering highway per ton per kilometer (PTPK) prices by varied freight negotiation initiatives. Ambuja Cement can also be benefiting from its latest expansions, together with the Sanghi, Asian, and Penna vegetation, with the Penna plant working at roughly 85% clinker capability. Going forward, the corporate is well-positioned to capitalize on rising demand within the housing and infrastructure sectors. Demand is anticipated to rise additional after the Union Price range, supported by pro-infra and housing insurance policies in Price range 2025,” mentioned Palak Devadiga, Analysis Analyst, StoxBox.
Purchase or promote?
Ambuja Cements share value have been buying and selling 2.13 per cent decrease on Thursday’s buying and selling session, lastly closing at ₹511 on January 30.
In line with Sumeet Bagadia, Government Director at Selection Broking, Ambuja Cements share value technical chart sample means that it might witness a bounce again from the assist ranges.
“Ambuja Cements shareholders are suggested to carry the scrip, sustaining a cease loss at ₹480 for the short-term goal of ₹550 to ₹560. Contemporary traders can even provoke momentum shopping for on the present market value in Ambuja Cements shares for the short-term goal of ₹550 to ₹560. the inventory might develop into bullish after giving a contemporary breakout above ₹560 apiece on a closing foundation,” Bagadia mentioned.
