Ahmedabad: ACC Restricted, a subsidiary of Ambuja Cements, on Thursday introduced lifetime excessive annualised revenue after tax (PAT) at Rs 2,337 crore in FY24, up a staggering 378 per cent (year-on-year).
A part of the diversified Adani Group, ACC Restricted registered working EBITDA at Rs 837 crore for the fourth quarter (This fall) ended March 31, up 79 per cent.
The corporate attributed the improved efficiency for the fourth quarter and full yr to an all-around enchancment in quantity, price and effectivity parameters.
“We proceed to solidify our place as a frontrunner within the cement business. Our monetary efficiency with a leap in EBITDA by 138 per cent through the yr is a testomony to the flexibleness and robust basis of our enterprise mannequin,” mentioned Ajay Kapur, Entire Time Director and CEO, ACC Restricted.
For the fourth quarter of FY24, the corporate registered PAT at Rs 945 crore, marking a three-time surge YoY.
Within the context of the continuing capex and progress plans of the corporate, the Board beneficial a dividend on fairness shares at Rs 7.50 per share, in step with final yr’s dividend on a 12-month foundation.
In keeping with the corporate, its kiln gasoline price improved with a change of gasoline basket and better consumption of other gasoline.
“The work on waste warmth restoration system (WHRS) services at Chanda (18 MW) and Wadi (21.5 MW) is on monitor and will likely be commissioned in Q2 this yr, which can assist take the whole capability to 86 MW or 25 per cent of whole energy,” the corporate knowledgeable.
Furthermore, the continuing inexperienced energy initiatives of the corporate will assist obtain 60 per cent inexperienced energy by 2028, scale back price, enhance EBITDA, and speed up its ‘SDP Plan 2030’.
ACC Restricted has 20 cement manufacturing websites, over 86 concrete crops, and a nationwide community of channel companions to serve its clients.
