Ambuja Cements, the cement and building material company of Adani Cement and part of Adani Group, has reported a dip of 10.88 per cent in its net consolidated profit during the quarter ended March 31, 2023. Its profit after tax stood at Rs 763.30 crore in Q4 FY23 as against Rs 856.46 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing.
The company’s net consolidated total income stood at Rs 8,250.45 crore in Q4 FY23, a growth of 3.25 per cent from Rs 7,990.70 crore it recorded in the similar quarter last year.
“With the rise in construction activities across our markets, we see the continuation of the elevated demand and strong volumes in the coming quarters as well. We continue to reduce our carbon footprint by lowering the clinker factor, reducing thermal and electrical energy intensity, implementing Waste Heat Recovery Systems at our plants and increasing our use of and capacity of generating renewable energy,” said Ajay Kapur, whole time director & CEO of the company.
The board of directors recommended payment of final dividend of Rs 2.50 per equity share of Rs 2 each (fully paid-up) for the financial year ended March 31, 2023.
During the quarter, Kiln fuel cost reduced by 10% from Rs 2.33 per ‘000 Kcal to 2.10 per ’000 KCal with change in coal basket, group synergies on coal procurement. As of March 31, 2023, its net worth stands at Rs 38,757 crore, the company said in its investors presentation.
