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Ambuja Cements logs 6.1% growth in revenue at Rs3,679 crore for Q4CY21; stock plunges 5%

18 Feb 2022 , 10:50 AM

Ambuja Cement

Ambuja Cements Ltd. reported net sales of Rs3,679 crore for the quarter ended December 2021 against Rs3,468 crore for the previous corresponding quarter, up by 6.1% yoy.

For the nine months ended December 2021, revenue grew by 23.4% yoy at Rs13,794 crore against Rs11,175 crore for the corresponding 9M.

The stock was trading at Rs341.05, down by 5.21% or Rs18.75 against its previous closing price of Rs359.80. It touched day’s high and low of Rs354 and Rs340.75 respectively, so far in today’s trade.

EBITDA for the 9M period ended December 2021 recorded growth of 21.20% yoy at Rs3,207 crore against Rs2,647 crore for the previous 9M period. Whereas EBITDA for the December 2021 quarter plunged 26% yoy at Rs568 crore against Rs768 crore in December 2020 quarter.

Company’s PAT dipped 39% yoy at Rs303 crore for Q3FY22 against Rs497 crore for the previous corresponding quarter. 9M PAT reported at Rs2,132 crore against Rs1,790 crore, recording growth of 19.1% yoy.

EBITDA margin narrowed to 15.4% for the current quarter against 22.10% for Q3FY21. Operating EBIT margin also declined to 10.80% in Q3FY22 against 18.5% in Q3FY21.

Related Tags

  • Ambuja Cements News
  • Ambuja Cements Q3 Results
  • Ambuja Cements Stock
  • Ambuja Cements Updates
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