Ahmedabad:Ambuja Cements on Wednesday reported revenue after tax (PAT) at Rs 4,738 crore for FY24 — up by a record-setting 119 per cent (year-on-year) — and working EBITDA at Rs 6,400 crore, up by 73 per cent.
For the fourth quarter in FY24, the cement and constructing supplies flagship of the diversified Adani Group reported working EBITDA at Rs 1,699 crore, up 37 per cent (on-year), with a wholesome money (and money equal) at Rs 24,338 crore.
“Our spectacular monetary efficiency through the 12 months is a testomony to the resilience and flexibility of our enterprise mannequin. It mirrors the Indian financial system, which has emerged as a brilliant spot amid a difficult international financial state of affairs,” mentioned Ajay Kapur, Entire Time Director and CEO, Ambuja Cements.
The Adani Household final month totally subscribed to the warrants programme in Ambuja Cements by additional infusing Rs 8,339 crore, growing its stake within the constructing materials firm to 70.3 per cent.
This follows the funding of Rs 5,000 crore on October 18, 2022, and Rs 6,661 crore on March 28 this 12 months by the promoter of the corporate, thereby infusing a complete quantity of Rs 20,000 crore in Ambuja Cements post-acquisition.
“We stay steadfast in delivering long-term worth and sustainable development as we soar in the direction of doubling capacities, funding in effectivity enchancment, inexperienced energy, assured provides of raw-material and gasoline,” Kapur added.
The Board has really helpful a dividend on fairness shares at Rs 2 per share, which is in line with final 12 months on an annualised foundation.
In keeping with Ambuja Cements, all key efficiency indicators (KPIs) like volumes, efficiencies value and capex noticed wholesome enhancements within the final fiscal 12 months.
In FY24, the corporate efficiently accomplished three acquisitions (Sanghi, Asian Cements and GU in Tuticorin) as cement capability elevated by 11.4 thousands and thousands of tonnes each year (MTPA), taking the overall capability to 78.9 MTPA.
