AMBUJA CEMENT
Ambuja cement ltd. is India’s foremost company known for its hassle-free, home-building solutions. Their products are tailor-made as per the Indian climate and conditions with their unique sustainable development projects and environment-friendly practices. Currently, Ambuja Cement has a cement capacity of 29.65 million tonnes with five integrated cement manufacturing plants and eight cement grinding units across the country. Ambuja Knowledge Centres (AKCs), a unique initiative by the company, serves as a knowledge-sharing platform for construction professionals that includes practical workshops on mixed design and quality supervision. Currently, over 30 AKCs are functional across India.
The shareholding pattern of Ambuja Cement is as follows: promoters with 63.29%, foreign institutional investors with 17.75%, domestic institutional investors with 12.11%, government with 0.26% and the public with 6.59%.
The Board of Directors decided not to declare any dividend this year. Meanwhile, Ambuja cement showed growth of 29.36% in consolidated profit at Rs. 947.21 Cr. against Rs. 732.24 Cr previous quarter. Simultaneously, revenue grew by 3.51% to Rs. 7,714.81 Cr in this quarter against Rs. 7,452.87 Cr in the previous quarter. Profit before tax grew by 73.1% QoQ and gross profit margin grew by 3.43% QoQ.
The Q1 results of the Ambuja Cement were exemplary.
