Friday, June 10, 2011

AMBUJA CEMENTS LTD = RESULTS FOR = QTR ENDING MARCH 2011 (Q1 CY 2011) = NPT DOWN BY 11.84% FROM Q1 CY 10. SALES UP BY 10.9%


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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