30-Apr-2025, 06:06
On consolidated basisQuarter ended March 2025 compared with Quarter ended March 2024.
Net sales (including other operating income) of Ambuja Cements has increased 11.18% to Rs 9888.61 crore. Sales of Cement segment has gone up 10.47% to Rs 9,501.34 crore (accounting for 95.71% of total sales). Sales of Ready Mix Concrete segment has gone up 34.11% to Rs 426.20 crore (accounting for 4.29% of total sales). Inter-segment sales rose Rs 24.34 crore to Rs 38.93 crore.
Profit before interest, tax and other unallocable items (PBIT) has slumped 10.65% to Rs 1,131.00 crore. PBIT of Cement segment fell 11.21% to Rs 1,109.68 crore (accounting for 98.11% of total PBIT). PBIT of Ready Mix Concrete segment rose 32.92% to Rs 21.32 crore (accounting for 1.89% of total PBIT). PBIT margin of Cement segment fell from 14.53% to 11.68%. PBIT margin of Ready Mix Concrete segment fell from 5.05% to 5.00%. Overall PBIT margin fell from 14.19% to 11.39%. Operating profit margin has declined from 19.10% to 18.89%, leading to 9.94% rise in operating profit to Rs 1,867.55 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 14.80% to 16.18%. Purchase of finished goods cost fell from 3.04% to 1.17%. Employee cost increased from 3.62% to 3.64%. Other expenses rose from 59.00% to 59.86%. Power and Oil fuel cost rose from 22.95% to 23.57%. Freight charges fell from 24.39% to 23.95%. Other income rose 145.55% to Rs 573.26 crore. PBIDT rose 26.33% to Rs 2440.81 crore. Provision for interest fell 84.62% to Rs 14.29 crore. Loan funds rose to Rs 788.50 crore as of 31 March 2025 from Rs 699.01 crore as of 31 March 2024. Inventories rose to Rs 4,248.02 crore as of 31 March 2025 from Rs 3,608.55 crore as of 31 March 2024. Sundry debtors were higher at Rs 1,590.30 crore as of 31 March 2025 compared to Rs 1,189.59 crore as of 31 March 2024. Cash and bank balance declined from Rs 10,362.87 crore as of 31 March 2024 to Rs 6,172.16 crore as of 31 March 2025. Investments rose to Rs 1,911.51 crore as of 31 March 2025 from Rs 848.55 crore as of 31 March 2024 . PBDT rose 31.93% to Rs 2426.52 crore. Provision for depreciation rose 71.26% to Rs 786.35 crore. Fixed assets increased to Rs 41,607.39 crore as of 31 March 2025 from Rs 26,050.04 crore as of 31 March 2024. Intangible assets increased from Rs 8,802.75 crore to Rs 10,856.07 crore. Profit before tax grew 18.85% to Rs 1,640.17 crore. Share of profit/loss was 35.86% higher at Rs 4.66 crore. Extraordinary items were decreased to Rs 134.73 crore. Provision for tax was expense of Rs 497.32 crore, compared to Rs 73.83 crore. Effective tax rate was 27.95% compared to 4.63%. Minority interest decreased 30.74% to Rs 325.97 crore. Net profit attributable to owners of the company decreased 8.98% to Rs 956.27 crore. Equity capital increased from Rs 439.54 crore as of 31 March 2024 to Rs 492.62 crore as of 31 March 2025. Per share face Value remained same at Rs 2.00. Promoters' stake was 67.53% as of 31 March 2025 ,compared to 66.70% as of 31 March 2024 .
Full year results analysis.
Net sales (including other operating income) of Ambuja Cements has increased 5.68% to Rs 35044.76 crore. Sales of Cement segment has gone up 5.56% to Rs 33,768.47 crore (accounting for 96.02% of total sales). Sales of Ready Mix Concrete segment has gone up 8.64% to Rs 1,400.76 crore (accounting for 3.98% of total sales). Inter-segment sales rose Rs 120.73 crore to Rs 124.47 crore.
Profit before interest, tax and other unallocable items (PBIT) has slumped 26.24% to Rs 3,625.13 crore. PBIT of Cement segment fell 27.15% to Rs 3,567.12 crore (accounting for 98.40% of total PBIT). PBIT of Ready Mix Concrete segment rose 219.97% to Rs 58.01 crore (accounting for 1.60% of total PBIT). PBIT margin of Cement segment fell from 15.31% to 10.56%. PBIT margin of Ready Mix Concrete segment rose from 1.41% to 4.14%. Overall PBIT margin fell from 14.77% to 10.31%. Operating profit margin has declined from 19.30% to 17.04%, leading to 6.70% decline in operating profit to Rs 5,970.65 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 14.80% to 16.31%. Purchase of finished goods cost rose from 1.74% to 2.18%. Employee cost decreased from 4.09% to 4.01%. Other expenses rose from 60.04% to 60.43%. Power and Oil fuel cost fell from 24.42% to 23.86%. Freight charges fell from 24.16% to 23.73%. Other income rose 127.56% to Rs 2654.25 crore. PBIDT rose 14% to Rs 8624.9 crore. Provision for interest fell 21.87% to Rs 215.94 crore. Loan funds rose to Rs 788.50 crore as of 31 March 2025 from Rs 699.01 crore as of 31 March 2024. Inventories rose to Rs 4,248.02 crore as of 31 March 2025 from Rs 3,608.55 crore as of 31 March 2024. Sundry debtors were higher at Rs 1,590.30 crore as of 31 March 2025 compared to Rs 1,189.59 crore as of 31 March 2024. Cash and bank balance declined from Rs 10,362.87 crore as of 31 March 2024 to Rs 6,172.16 crore as of 31 March 2025. Investments rose to Rs 1,911.51 crore as of 31 March 2025 from Rs 848.55 crore as of 31 March 2024 . PBDT rose 15.36% to Rs 8408.96 crore. Provision for depreciation rose 52.24% to Rs 2478.34 crore. Fixed assets increased to Rs 41,607.39 crore as of 31 March 2025 from Rs 26,050.04 crore as of 31 March 2024. Intangible assets increased from Rs 8,802.75 crore to Rs 10,856.07 crore. Profit before tax grew 4.75% to Rs 5,930.62 crore. Share of profit/loss was 42.27% lower at Rs 13.22 crore. Provision for tax was expense of Rs 763.96 crore, compared to Rs 1161.47 crore. Effective tax rate was 12.90% compared to 19.70%. Minority interest decreased 14.66% to Rs 990.98 crore. Net profit attributable to owners of the company increased 16.62% to Rs 4,167.43 crore. Equity capital increased from Rs 439.54 crore as of 31 March 2024 to Rs 492.62 crore as of 31 March 2025. Per share face Value remained same at Rs 2.00. Promoters' stake was 67.53% as of 31 March 2025 ,compared to 66.70% as of 31 March 2024 . Cash flow from operating activities decreased to Rs 2,237.35 crore for year ended March 2025 from Rs 5,645.82 crore for year ended March 2024. Cash flow used in acquiring fixed assets during the year ended March 2025 stood at Rs 8,687.05 crore, compared to Rs 4,482.46 crore during the year ended March 2024.
Operational Highlights:
Q4FY2025
Volume growth of 13% YoY, at 18.7 Mn T, Highest ever cement sales Volume in a quarter. Kiln Fuel cost reduced by 14%, (Rs 1.84/'000 kCal to Rs 1.54/'000 kCal). Green Power as a % of power Consumption increased by 10.5 pp to 26.1%. EBITDA for Q4 at Rs 1,001 PMT, margin at 18.9% [vs. Rs 537 PMT in Q3 (excluding non-recurring govt. grant of Rs. 826 Cr)]
FY2025
Volume growth of 10% YoY at65.2 million ton. Kiln Fuel cost reduced by 12%, (Rs 1.90/'000 kCal to Rs 1.66/'000 kCal). Green Power as a % of power Consumption increased by 5.8 pp to 21.4%.
Others
Commissioned 299 MW RE power (200 MW Solar/99 MW Wind) out of the planned total of 1000 MW, balance progressively to be achieved by June 2026 Successfully commissioned 2.4 MTPA brownfield expansion of GU in Farakka (WB), debottlenecking of 0.5 MTPA across various plants. Successfully completed acquisition of Orient Cement.
Dividend:
The Board has recommended Dividend of Rs. 2.00/- (Rupees Two only) per Equity Share of face value of Rs. 2/- each fully paid-up for the Financial Year 2024-25.
Management Commentary
Mr. Vinod Bahety, Whole Time Director & CEO, Ambuja Cements, said 'This year marks a historic milestone in the journey of Ambuja Cements as we cross the 100 MTPA capacity. Additionally, we have ongoing organic expansions at various stages across
the country, which will help us achieve 118 MTPA capacity by end of FY 2026, a significant step, bringing us closer to our goal of 140 MTPA by 2028. The 100 MTPA milestone is not just a number, it's a mark of our ambition, resilience, and purpose. As India builds the foundation for a USD 10 Trillion economy, we are committed towards our role in building the nation's infrastructure that empowers growth, connects communities, and supports a greener tomorrow. Driven by Purpose and Defined by Progress - 'Hum Karke Dikhate Hain'.'
| Ambuja Cements : Consolidated Results |
| | Quarter ended | Year ended |
|---|
| Particulars | 202503 | 202403 | Var.(%) | 202503 | 202403 | Var.(%) |
|---|
| Net Sales (including other operating income) | 9,888.61 | 8,893.99 | 11.18 | 35,044.76 | 33,159.64 | 5.68 | | OPM (%) | 18.89 | 19.10 | -21 bps | 17.04 | 19.30 | -226 bps | | OP | 1,867.55 | 1,698.65 | 9.94 | 5,970.65 | 6,399.51 | -6.70 | | Other Inc. | 573.26 | 233.46 | 145.55 | 2,654.25 | 1,166.40 | 127.56 | | PBIDT | 2,440.81 | 1,932.11 | 26.33 | 8,624.90 | 7,565.91 | 14.00 | | Interest | 14.29 | 92.91 | -84.62 | 215.94 | 276.38 | -21.87 | | PBDT | 2,426.52 | 1,839.20 | 31.93 | 8,408.96 | 7,289.53 | 15.36 | | Depreciation | 786.35 | 459.16 | 71.26 | 2478.34 | 1627.9 | 52.24 | | PBT | 1,640.17 | 1,380.04 | 18.85 | 5930.62 | 5661.63 | 4.75 | | Share of Profit/(Loss) from Associates | 4.66 | 3.43 | 35.86 | 13.22 | 22.9 | -42.27 | | PBT before EO | 1644.83 | 1383.47 | 18.89 | 5943.84 | 5684.53 | 4.56 | | EO Income | 134.73 | 211.57 | -36.32 | -21.47 | 211.57 | PL | | PBT after EO | 1779.56 | 1595.04 | 11.57 | 5922.37 | 5896.1 | 0.45 | | Taxation | 497.32 | 73.83 | 573.60 | 763.96 | 1161.47 | -34.22 | | PAT | 1282.24 | 1521.21 | -15.71 | 5158.41 | 4734.63 | 8.95 | | Minority Interest (MI) | 325.97 | 470.62 | -30.74 | 990.98 | 1161.23 | -14.66 | | Net profit | 956.27 | 1050.59 | -8.98 | 4167.43 | 3573.4 | 16.62 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 956.27 | 1050.59 | -8.98 | 4167.43 | 3573.4 | 16.62 | | EPS (Rs)* | 3.59 | 3.70 | -3.00 | 16.98 | 13.99 | 21.39 | | | * EPS is on current equity of Rs 492.62 crore, Face value of Rs 2, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
|
| Ambuja Cements : Consolidated Segment Results |
| | Quarter ended | Year ended |
|---|
| % of (Total) | 202503 | 202403 | Var.(%) | % of (Total) | 202503 | 202403 | Var.(%) |
|---|
| Sales | | Cement | 95.71 | 9,501.34 | 8,600.52 | 10.47 | 96.02 | 33,768.47 | 31,990.99 | 5.56 | | Ready Mix Concrete | 4.29 | 426.20 | 317.81 | 34.11 | 3.98 | 1,400.76 | 1,289.38 | 8.64 | | Total Reported Sales | 100.00 | 9,927.54 | 8,918.33 | 11.32 | 100.00 | 35,169.23 | 33,280.37 | 5.68 | | Less: Inter segment revenues | | 38.93 | 24.34 | 59.94 | | 124.47 | 120.73 | 3.10 | | Net Sales | 100.00 | 9,888.61 | 8,893.99 | 11.18 | 100.00 | 35,044.76 | 33,159.64 | 5.68 | | PBIT | | Cement | 98.11 | 1,109.68 | 1,249.82 | -11.21 | 98.40 | 3,567.12 | 4,896.69 | -27.15 | | Ready Mix Concrete | 1.89 | 21.32 | 16.04 | 32.92 | 1.60 | 58.01 | 18.13 | 219.97 | | Total PBIT | 100.00 | 1,131.00 | 1,265.86 | -10.65 | 100.00 | 3,625.13 | 4,914.82 | -26.24 | | Less : Interest | | 14.29 | 92.91 | -84.62 | | 215.94 | 276.38 | -21.87 | | Add: Other un-allcoable | | 523.46 | 207.09 | 152.77 | | 2,521.43 | 1,023.19 | 146.43 | | PBIT Margin(%) | | Cement | | 11.68 | 14.53 | -285.27 | | 10.56 | 15.31 | -474.30 | | Ready Mix Concrete | | 5.00 | 5.05 | -4.47 | | 4.14 | 1.41 | 273.52 | | PBT | 100.00 | 1,640.17 | 1,380.04 | 18.85 | 100.00 | 5,930.62 | 5,661.63 | 4.75 |
|
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