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Business EconomyPosted at: Jul 19 2022 9:33PM


Ambuja Cements reports Q1 standalone PAT at Rs 1,048 Cr

New Delhi, July 19 (UNI) Ambuja Cements on Tuesday reported standalone Profit After Tax (PAT) at Rs 1,048 crore for the quarter ended June 30, 2022, as against Rs 723 crore during the same period last year.

Net sales for the quarter was Rs 3,958 crore as against Rs 3,342 during the corresponding period last year. Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) for the quarter was Rs 685 crore.

Neeraj Akhoury, CEO, Holcim India, and Managing Director and Chief Executive Officer, Ambuja Cements Limited, said,''
Ambuja has recorded robust volume growth of 15% and top line growth of 18%. Ambuja Kawach, our green cement, demonstrated a growth of 22% year on year.''

''The April to June 2022 quarter was impacted by rising fuel prices and related inflationary impacts. This was partly mitigated by improved efficiencies delivered under our ‘I CAN’ program which continues to deliver strong results. In addition, the Master Supply Agreement with ACC also led to strong performance on logistics costs,'' he said.
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