Ambuja Cements Ltd Share Price – NSE  / BSE

Cement, Mid Cap

Ambuja Cements further advances towards its Net Zero goals by leveraging zero-carbon heating technology to decarbonise its cement manufacturing process. The Company has entered into a strategic partnership with Finland-based technology and engineering company 'Coolbrook'. Ambuja will implement Coolbrook's proprietary RotoDynamic Heater™ (RDH™) technology to significantly reduce its fossil fuel dependence and carbon emissions.

The RDH technology utilises mechanical energy to generate high temperature using green power at highly competitive rates. The process can replace / minimise fossil fuels used for reaching high temperatures in cement kiln pre-calciner, crucial for cement manufacturing and multiple other applications. Being a carbon-free process, it can significantly reduce emissions from the use of conventional fuels in a cement plant.

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Adani Enterprises Ltd, ACC Ltd, Adani Ports & Special Economic Zone Ltd, Adani Total Gas Ltd are among the other stocks to see a surge in volumes on NSE today, 21 November 2024.

Ambuja Cements Ltd clocked volume of 353.22 lakh shares by 14:14 IST on NSE, a 31.88 times surge over two-week average daily volume of 11.08 lakh shares. The stock lost 10.02% to Rs.494.50. Volumes stood at 12.67 lakh shares in the last session.

Adani Enterprises Ltd clocked volume of 166.89 lakh shares by 14:14 IST on NSE, a 25.51 times surge over two-week average daily volume of 6.54 lakh shares. The stock lost 19.23% to Rs.2,279.00. Volumes stood at 5.36 lakh shares in the last session.

ACC Ltd clocked volume of 30.47 lakh shares by 14:14 IST on NSE, a 24.24 times surge over two-week average daily volume of 1.26 lakh shares. The stock lost 7.05% to Rs.2,031.65. Volumes stood at 98826 shares in the last session.

Adani Ports & Special Economic Zone Ltd notched up volume of 403.62 lakh shares by 14:14 IST on NSE, a 23.19 fold spurt over two-week average daily volume of 17.41 lakh shares. The stock slipped 12.43% to Rs.1,129.40. Volumes stood at 26.32 lakh shares in the last session.

Adani Total Gas Ltd witnessed volume of 64.28 lakh shares by 14:14 IST on NSE, a 15.01 times surge over two-week average daily volume of 4.28 lakh shares. The stock dropped 9.56% to Rs.607.50. Volumes stood at 3.54 lakh shares in the last session.

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Net profit of Ambuja Cements declined 42.50% to Rs 455.96 crore in the quarter ended September 2024 as against Rs 792.96 crore during the previous quarter ended September 2023. Sales rose 1.24% to Rs 7516.11 crore in the quarter ended September 2024 as against Rs 7423.95 crore during the previous quarter ended September 2023.

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However, revenue from operations rose 1.24% YoY to Rs 7,516.11 crore in the quarter ended 30 September 2024.

Profit before exceptional item and tax stood at Rs 868.87 crore in September 2024 quarter, down 35.14% YoY. The firm reported an exceptional loss of Rs 156.20 crore during the quarter.

Ambuja Cements’ sales volume (cement and clinker) stood at 14.2 million tons during the second quarter of FY25, registering a growth of 8.4% on YoY basis.

For Q2 of FY25, operating EBITDA declined 14.67% YoY to Rs 1,111 crore while EBITDA margin reduced to 14.8% as against 17.5% recorded in the similar quarter previous fiscal.

EBITDA PMT de-grew 21.61% to Rs 780 in September 2024 quarter as against Rs 995 crore recorded in Q2 previous year.

Net worth increased by Rs 450 crore during quarter and stood at Rs 59,916 crore, the company stated that it remained debt free & continued to maintain Crisil AAA (stable) / Crisil A1+ ratings.

The cash & cash equivalent stood at Rs 10,135 crore, enables to accelerated growth in future.

The cement maker said that the higher volume along with improved operational parameters resulted in growth in all business parameters.

Ajay Kapur, whole time director & CEO, Ambuja Cements, said, “We are glad to deliver another sustained performance aligned to our growth blueprint and setting new benchmarks in efficiency. We continue to focus on innovation, digitalisation, customer satisfaction and ESG as the core elements of our business. With our strong foothold across the nation, we are further expanding our footprint in new geographies in-line with our vision. Post successful completion of the orient cement transaction, we are well poised to achieve 100+ MTPA capacity by this fiscal year end.”

On the outlook front, Ambuja Cements said, “Strong infrastructure demand and ongoing needs from the housing and commercial sectors are anticipated to boost cement demand in H2 FY25. The introduction of PMAY Urban Housing 2.0, with an allocation of Rs 11 lakh crore, along with Government’s continued focus on infrastructure development as the key to economic growth augurs well for cement sector. Strategic investments in roads, railways along with urban and commercial amenities, is poised to drive robust growth. We expect demand during FY25 to grow in the range of 4-5%.”

Ambuja Cements is a major cement producing company in India. The principal activity of the company is to manufacture and market cement and clinker for both domestic and export markets.

The scrip jumped 3.87% to currently trade at Rs 574.75 on the BSE.

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