Ambuja Cements Q4FY24 net profit rises 64% to Rs 1,055 cr
Mumbai: Ambuja Cements Limited reported a 63.60 percent year-on-year rise in consolidated net profit at Rs 1,055.16 crore for the quarter that ended on March 31 in the financial year 2023-24 (Q4FY24).
The company had reported a net profit of Rs 644.94 crore during the same period last year (Q4FY23).
Sequentially, the net profit went up 28.20 percent from Rs 823.05 crore in the last quarter.
The company's revenue from operations increased by 11.64 percent to Rs 8,893.99 crore in Q4, compared to Rs 7,965.98 crore reported in the year before. On a quarter-on-quarter basis, the revenue for operations stood at Rs 8,128.80 crore.
The company reported a total income of Rs 9,127.45 crore for Q4FY24. This was an increase of 10.62 percent from Rs 8,250.45 crore reported during the year-ago period.
On a quarter-on-quarter basis, the total income was up 9.67 percent. It was Rs 8,322.45 crore in Q3FY24.
For the entire financial year, the company reported a rise in net profit by 38.45 percent at Rs 3,576.79 crore, compared to Rs 2,583.40 crore reported at the end of FY23.
The company's revenue from operations for FY24 decreased by 14.83 percent at Rs 33,159.64 crore, compared to Rs 38,937.03 crore in the previous financial year.
The company's total income decreased by 13.48 percent at Rs 34,326.04 crore in FY24, compared to Rs 39,674.74 crore reported in FY23.
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