Ambuja Cements’ Q2CY22 revenue up 15%
Cement

Ambuja Cements’ Q2CY22 revenue up 15%

Ambuja Cements, one of the leading cement players, reported a 25.46% fall in consolidated net profit at Rs 865.44 crore for the June 2022 quarter due to rising fuel prices and related inflationary impacts. The company, which follows the January-December financial year, had clocked a net profit of Rs 1,161.16 crore in the year-ago quarter.

However, its revenue from operations was up 15.11% to Rs 8,032.88 crore during the quarter as compared to Rs 6,978.24 crore in the corresponding quarter of the previous financial year. Ambuja Cements’ total expenses were at Rs 7,276.72 crore, up 33.09% in Q2 of 2022 from Rs 5,467.33 crore a year ago.

The consolidated result of Ambuja Cements also includes the financial performance of its step-down firm ACC. On a standalone basis, Ambuja Cements reported an increase of 44.92% in its net profit to Rs 1,047.90 crore as against Rs 723.08 crore in the corresponding quarter last year. Its standalone revenue from operations was Rs 3,993.45 crore, up 18.45 per cent in April-June quarter as against Rs 3,371.18 crore a year ago.

Ambuja Cements, one of the leading cement players, reported a 25.46% fall in consolidated net profit at Rs 865.44 crore for the June 2022 quarter due to rising fuel prices and related inflationary impacts. The company, which follows the January-December financial year, had clocked a net profit of Rs 1,161.16 crore in the year-ago quarter. However, its revenue from operations was up 15.11% to Rs 8,032.88 crore during the quarter as compared to Rs 6,978.24 crore in the corresponding quarter of the previous financial year. Ambuja Cements’ total expenses were at Rs 7,276.72 crore, up 33.09% in Q2 of 2022 from Rs 5,467.33 crore a year ago. The consolidated result of Ambuja Cements also includes the financial performance of its step-down firm ACC. On a standalone basis, Ambuja Cements reported an increase of 44.92% in its net profit to Rs 1,047.90 crore as against Rs 723.08 crore in the corresponding quarter last year. Its standalone revenue from operations was Rs 3,993.45 crore, up 18.45 per cent in April-June quarter as against Rs 3,371.18 crore a year ago.

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?