Ambuja Cement has delivered a robust performance in the fourth quarter, driven by steady growth in the top-line on account of net sales rising to Rs 2765 crore from Rs 2614 crore in the same quarter last year.
Cement volumes grew 4.4% in Q4, 2018 and 5.4% on a full year basis while top-line grew by 5.8% in the Q4 and 7.1% on a full year basis. Net profit increased by 58.9% as compared to the corresponding quarter of the previous year. Net Profit for the current quarter and full year ended 2018 includes Rs 372 crore, towards write-back of tax provisions relating to earlier years.
“We have registered a steady growth in our top-line. In addition, we also have been able to withstand cost volatility during this quarter thanks to accelerating efforts on alternative fuels, optimized fuel mix and plant efficiency improvements. We commissioned our new coal block Gare Palma ahead of schedule, which will help further optimising our fuel mix.
Our well defined marketing and commercial strategies, increased sales of value added premium products and our continued focus on customer engagement has helped improve our reach in core markets. The addition of 4.6 mn tonnes of cement volumes from the Greenfield integrated cement plant at Marwar Mundwa, Rajasthan will further strengthen our position in high-growth core markets of North and Gujarat” said Ajay Kapur, Managing Director and CEO, Ambuja Cement.