Ambuja Cements Reports Muted Q4-Earnings, Declares Dividend

Ambuja Cements’ share price was trading lower on Tuesday ahead of the company’s Q4 earnings that were released after market close.

What Happened: Ambuja Cements‘s standalone revenue from operations grew 8.4% year-over-year to ₹4,256.31 crore. Sales volume for the quarter stood at 8.1 million tonnes, up 8% YoY and 5% from the December quarter.

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The Adani Group company’s EBITDA for the review period stood at ₹962 crore, a 35% YoY jump. EBITDA margin stood at 22.6%. PAT for the period remained flat at ₹502 crore in line with estimates. PAT grew 2% YoY and 36% quarter-over-quarter.

The company also declared a ₹2.50/share dividend. The record date for the dividend payment, if approved by the Shareholders at the AGM of the company, is July 7.

Price Action: Ambuja Cements’ shares price was down 0.87% at ₹393.05 at market close on Tuesday.

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Posted In: Trading IdeasAdani GroupAmbuja Cement