ACC, a subsidiary of Ambuja Cements, is one of India’s leading producer of cement and ready-mix concrete, clocked a consolidated net profit of Rs 944.84 crore in Q4FY24, an increase of 4 times year-on-year compared to the Rs 235.66 crore it reported in the same quarter in FY23. The company’s consolidated Q4 revenue stands at Rs 5,408.72 crore, which rose 13% on year Vs Rs 4,790.91 crore it posted in Q4 of FY23. The improved performance is attributed to all round improvement in volume, cost and efficiency parameters.

The company reported significant improvements in all financial matrices. The operating EBITDA up 79% while the EBITDA margin rose to 15.5% from 9.8%. A total of Rs 1,044 crore cash flows generated from the Operations in Q4 and Rs 2,995 crore in FY24. The EPS(Diluted) came in at Rs 50.2 in Q4, compared to Rs. 12.5 in same quarter, last fiscal.

Ajay Kapur, Whole Time Director & CEO, ACC said, “We continue to solidify our position as a frontrunner in the cement industry. Our financial performance with jump in EBITDA by 138% during the year is a testament to the flexibility and strong foundation of our business model. The trust of our customers and our commitment to building a sustainable future with investment in efficiency improvements, green power has furthered our success, as we emerge even stronger than before.”

Operational Highlights

Outlining the company’s highlights in this fiscal, ACC stated that the 16.3 MW of WHRS at Ametha was commissioned in Q3 FY24. Work on WHRS facility at Chanda (18 MW) & Wadi (21.5 MW) is on track and will be commissioned in Q2FY25. This is expected to help to take total capacity to 86 MW or 25% of total power.

Future Outlook positive for cement industry

The company, in the regulatory filing states that the “Outlook for cement industry remains positive based on higher budgetary allocation to infrastructure and construction and government’s push for affordable housing along with green energy transition, demand-supply dynamics, and greater consolidation. Adani Cement will have the advantage of accelerated growth, lower cost, group synergies which in turn will help to sustainable performance & market leadership.”