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Revenue from operations increased 8% YoY to Rs 4,439 crore in the October-December period, compared with Rs 4,128 crore a year ago.
Operating EBITDA jumped 33% YoY to Rs 851 crore in the reporting quarter from Rs 639 crore in the corresponding quarter of last year. Meanwhile, margins improved to 19.2%.
Other income during the third quarter increased 42% YoY to Rs 108 crore. The same was Rs 76 crore in the last year quarter.
The sales volume recorded a growth of 3% at 14.1 million tonnes, while the Kiln fuel cost was reduced by 25%
"Our performance is a reflection of our resilience and focused efforts. Our pursuit of excellence continues to propel us towards setting new benchmarks in our steady growth," said Ajay Kapur, Whole Time Director and CEO, Ambuja Cements.
Ambuja Cements successfully completed the acquisition of Sanghi Industries having 6.1 MTPA capacity. This month, its subsidiary ACC completed the acquisition of the balance 55% stake in Asian Concretes and Cements (ACCPL) that boasts of 2.8 MTPA capacity.
These acquisitions take the company's cement capacity to 77.4 MTPA, a jump of 15% from last year.
Further, there is an ongoing cement capacity expansion of 20 MTPA at various stages and the Board has approved additional capacity expansion of 12 MTPA, which outlines a road map for 110 MTPA (80% of 140 MTPA capacity targeted by FY28).
The ongoing green power projects have a capex of Rs 10,000 crore, which will take green power share to 60% of expanded capacity while reducing operating costs.
The company has generated a total of Rs 562 crore in incremental cash and cash equivalent in the third quarter, taking the total cash levels to Rs 8,591 crore, at the end of December quarter.
On Wednesday, Ambuja Cements shares were trading 1.48% lower at Rs 562.55 on NSE.
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