Ambuja Cements Limited
NSE Symbol AMBUJACEM
AMBUJA CEMENTS has declared reasonable results for the first quarter ending 31,Mar,2011.
Net Sales for Q1 of calendar year, CY 2011 has gone up to Rs.2207.05 cr – up by 41.11% from Q3 CY10; up by 7.79% from Q2 CY10; and up by 10.9% from Q1 CY 10. Sales were drastically lower in the quarter, Q3 CY 10.
Total Expenditure for Q1 CY 11 has gone up to Rs.1701.58 cr – up by 23.07% from Q3 CY 10; up by 10.17% from Q1 CY 10; and up by 17.82% from Q1 CY 10.
Profit from Operations for Q1 CT 2011 is Rs.520.89 Cr – up by 159.95% from Q3 CY 10; down by 4.24% from CY 2010; and down by 9.34% from Q1 CY 2010.
Profit before tax for Q1 CY11 is Rs.559.19 cr – up by 151.93% from Q3 CY10; down by 0.46% from Q2 CY 10; and down by 8.3% from Q1 CY 10.
Net Profit is Rs.407.48 cr – up by 167.92% from Q3 CY 10; up by 4.16% from Q2 CY 10; and down by 11.84% from Q1 CY 10.
Against a Face Value of Rs.2 – the Basic EPS for Q1 CY 11 is Rs.2.66, compared to just Rs.1 in Q3 CY 10; and Rs.2.57 in Q2 CY 10; and Rs.3.03 in Q1 CY 10.
Current calendar year performance will depend on the progress in Building and Infra Industries.
The Cement Industry is building huge additional capacities – much higher than demand levels. Hence, unless demand picks up significantly – cost and pricing pressures CAN BE EXPECTED in all cement companies.
QUARTERLY RESULTS TABLE :
| AMBUJA CEMENTS | 31-Mar-11 | 30-Sep-10 | 30-Jun-10 | 31-Mar-10 |
| Net Sales | 220705 | 156402 | 204756 | 199016 |
| Other Operating Income | 1542 | 1902 | 4083 | 2860 |
| Increase in SIT / WIP | -1627 | -5920 | -6231 | 4954 |
| Raw Materials | 62621 | 56270 | 59866 | 53853 |
| Employees Cost | 9461 | 9891 | 9009 | 7719 |
| Depreciation | 10611 | 10180 | 10007 | 7672 |
| Other Expenditure | 89092 | 67845 | 81794 | 70225 |
| Total Expenditure | 170158 | 138266 | 154445 | 144423 |
| Profit from Operations | 52089 | 20038 | 54394 | 57453 |
| Other Income | 5209 | 3052 | 2591 | 2598 |
| Interest | 1379 | 894 | 810 | 1078 |
| Profit before tax | 55919 | 22196 | 56175 | 60981 |
| Tax expense | 15171 | 6987 | 17054 | 14762 |
| Net Profit | 40748 | 15209 | 39121 | 46219 |
| Face Value (In Rs | 2 | 2 | 2 | 2 |
| Paid Up Equity | 30604 | 30512 | 30494 | 30474 |
| Basic EPS | 2.66 | 1 | 2.57 | 3.03 |
| Diluted EPS | 2.65 | 0.99 | 2.56 | 3.03 |
| Public holding (%) | 0 | 52 | 52 | 52 |
ANNOUNCEMENTS TO NSE
07-06-2011 Ambuja Cements Limited has acquired 85% equity shares of Dang Cement Industries Pvt. Ltd., Nepal for a consideration of Rs. 19.13 crores. With this acquisition, Dang Cement Industries Pvt. Ltd. has become a subsidiary of the Company. The Company is also in the process of acquiring further 5% shares for a consideration of Rs. 1.13 crores. Dang Cement Industries Pvt. Ltd is a company incorporated in Nepal and holds limestone mining lease in Nepal. At present the company is not carrying out any business activity. -
26-04-2011 Standalone Results for the quarter ended on 31-MAR-2011 as follows: Net Sales of Rs. 220705 lacs for quarter ending on 31-MAR-2011 against Rs. 199016 lacs for the quarter ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 40748 lacs for the quarter ending on 31-MAR-2011 against Rs. 46219 lacs for the quarter ending on 31-MAR-2010.
03-02-2011 Ambuja Cements Limited has recommended a final dividend on Equity Shares at the rate of Rs. 1.40 per share. With the interim dividend of Rs. 1.20 per share paid during the year, the total dividend for the year 2010 works out to Rs 2.60 per share. The Company in the previous year had paid dividend @Rs. 2.40 per share which included interim dividend Rs 1.20 per share.
03-02-2011 Ambuja Cements Limited standalone Results for the year ended on 31-DEC-2010 as follows: Net Sales of Rs. 739021 lacs for year ending on 31-DEC-2010 against Rs. 707687 lacs for the year ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 126361 lacs for the year ending on 31-DEC-2010 against Rs. 121837 lacs for the year ending on 31-DEC-2009.
03-02-2011 Ambuja Cements Limited consolidated Results for the year ended on 31-DEC-2010 as follows: Net Sales of Rs. 739021 lacs for year ending on 31-DEC-2010 against Rs. 707687 lacs for the year ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 126297 lacs for the year ending on 31-DEC-2010 against Rs. 121684 lacs for the year ending on 31-DEC-2009.
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