Ambuja Cements Ltd Q4FY16
Consolidated Results Q4FY16: (Rs. in crore)
|EBITDA Margin (%)||10.6|||
|Net Profit (adjusted)||266||139.6|
Ambuja Cements Ltd.'s Q4FY16 consolidated results for the quarter registered a beat on street estimates. Revenue for the quarter came in 120 % higher than the estimated figure of Rs. 2210 crore. EBITDA for the quarter came in 83.6 % higher than the estimated figure of Rs. 280 crore. And lastly, net profit for the quarter came in 39.8 % higher than the estimated figure of Rs. 165 crore.
Ambuja Cements Ltd's. consolidated revenue for the quarter came in at Rs. 4861 crore, registering 105.9% yoy increase.
EBITDA for the quarter rose by 67% yoy to Rs. 514 crore with a corresponding margin contraction of 248 bps. EBITDA margin for the quarter stood at 10.6%. This margin contraction was aided by rise in operating expenses by 111.7% yoy .
The adjusted net profit for the quarter came in at Rs. 266 crore, yoy increase of 139.6%. The exceptional item includes provision made in respect of advances related to subsidiary.
Ambuja Cements Ltd ended at Rs. 239.4, up by 1.3 points or 0.55% from its previous closing of Rs. 238.1 on the BSE.
The scrip opened at Rs. 238.1 and touched a high and low of Rs. 241.2 and Rs. 237.25 respectively. A total of 1570194(NSE+BSE) shares were traded on the counter. The stock traded below its 200 DMA.
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