Saturday, October 20, 2012

AMBUJA CEMENTS LTD - RSULTS FOR - Q3 CY 2012 ENDING SEP,2012 - NET SALES UP 20% & NPT UP 77% YoY - EXPECTS GOOD 4TH QTR ALSO


AMUBUJA CEMENTS LIMITED

QUARTERLY RESULTS

FOR Q3 CY 2012
ENDING SEP,2012

Ambuja cements Limited has produced satisfactory results in the Q/e Sep’ 2012 compared to Q/e Sep,2011, but on sequential basis, the performance is below par, compared to  Q/e June,2012.

Net Sales for Q3 CY 12 stands at Rs.2168.35 Cr; down by -15.5% compared to preceding quarter (Q2 CY12 : Rs.2565.95 Cr); and up by 20.12% compared to the corresponding Qtr of previous Year (Q2 CY 11 : Rs.1805.10 Cr).

Total Expenditure  for Q3 CY 13 stands at Rs.1790.58 Cr; down by -8.88% compared to preceding quarter (Q2 : Rs.1965.11 Cr); and up by 10.38% compared to the corresponding Qtr of previous Year (Q2 CY 11 : Rs.1622.14 Cr).

EBITDA  stands at Rs.522 cr for Q3 CY 12 against Rs.304 cr in corresponding Qtr of last year ( + 71.7% increase). Profit before Tax has increased from Rs.255 cr same qtr last year(Q2 CY11  to Rs.457 cr ( + 79.5%) in Q2 CY 12.

Profit before Interest, Dep. & Taxes  for Q3 CY 12 stands at Rs.377.77 Cr; down by -37.13 % compared to preceding quarter (Q2 : Rs.600.84 Cr); and up by 106.48% compared to the corresponding Qtr of previous Year (Q2 CY 11 : Rs.182.96 Cr).

Net Profit   for Q3 CY 12 stands at Rs.303.97 Cr; down by -35.17% compared to preceding quarter (Q2 : Rs.468.90 Cr); and up by an impressive 77.26% compared to the corresponding Qtr of previous Year (Q2 CY 11 : Rs.171.48 Cr).

Diluted EPS  for Q3 CY 12 stands at Rs.1.97 compared to Rs.3.04 in the Q1 CY 12; and Rs.1.12 in Q3 CY 11. Overall, the company has produced good results and the company also expects a GOOD FOURTH QUARTER ENDING Dec,2012, despite cost pressures.

CURRENT MP : RS.206.45

Production  Statistics

ACL
IN LAKHS OF TONNES
Cement
Cement
Production
Despatch
September
2012
15.58
15.54
2011
14.61
14.81
January To September
2012
163.83
163.76
2011
154.39
154.17

OUTLOOK (From company) :

Monsoon being over, revival of demand is expected. Impact of recent hike in diesel prices on distribution cost and freight on internal movement of clinker are expected to keep pressure on Margins. ACL would continue its thrust in improving productivity and operational efficiency to mitigate cost increase pressures.

The detailed analysis in Tabular form for 5 quarters is presented in the table below :

Quarterly Results - Table

AMBUJA CEMENTS
30-Sep-12
%DIF QoQ
30-Jun-12
%DIF YoY
30-Sep-11
31-Mar-12
31-Dec-11
Net Sales
216835
-15.5
256595
20.12
180510
263331
232911
Total Expenditure
179058
-8.88
196511
10.38
162214
200973
203186
Profit before Interest, Dep. & Taxes
37777
-37.13
60084
106.48
18296
62358
29725
Net Profit
30397
-35.17
46890
77.26
17148
31222
30240
Diluted EPS
1.97
-35.2
3.04
75.89
1.12
2.03
1.97
Changes in inventories of FGs, WIP,SIT
-10273
75.88
-5841
-1083.06
1045
-2042
18321
Materials consumed
71125
-8.06
77359
13.13
62871
81267
62387
Employee benefits expense
11512
-6.94
12371
11.54
10321
10303
12545
Depreciation
13730
13
12150
27.28
10787
12089
12380
Other expenses
92964
-7.47
100472
20.44
77190
99356
97553
Total expenses
179058
-8.88
196511
10.38
162214
200973
203186
Profit before tax
45747
-32.09
67361
79.51
25484
44235
35682
Tax Expenses
15350
-25.02
20471
84.14
8336
13013
5442
Net Profit
30397
-35.17
46890
77.26
17148
31222
30240
Face Value (Rs )
2
0
2
0
2
2
2
Paid-up Equity
30799
0.12
30763
0.48
30653
30701
30687
Basic EPS
1.97
-35.41
3.05
75.89
1.12
2.03
1.97
Diluted EPS
1.97
-35.2
3.04
75.89
1.12
2.03
1.97
Public holding (%)
46.9
-0.64
47.2
-2.29
48
47.08
47


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