On standalone basis, the company’s topline was at Rs 3,515 crore, while the bottomline was at Rs 497 crore.
"Ambuja continues its journey of delivering strong performance with EBITDA growth of 40 per cent in the quarter and 23 percent for the full year 2020. Margin expanded by 410 bps during the quarter and 480 basis points for the full year backed by strong performance in price, volume and costs. We have witnessed significant acceleration in volumes under the MSA with ACC," said Neeraj Akhoury, managing director and chief executive officer, Ambuja Cements.
As per Bloomberg estimates, the company’s topline was seen at Rs 2,697 crore, while bottomline was expected to be at Rs 374 crore.
During the quarter, the performance of the material subsidiary, ACC Ltd, showed that the net sales increased to Rs 4,066 crore as compared to Rs 3,970 crore last year. The EBITDA during the quarter stood at Rs 701 Crore, a growth of 30 per cent as against previous year with a margin expansion of 360 basis points.
The subsidiary also generated additional cash and cash equivalents of Rs 1,357 crore during the year 2020, driven mainly by strong working capital actions, informed the company in its release.
Total operating cost per tonne declined 2 percent supported by operational efficiency programs in the plants as well as logistics efficiencies. These have been partly compensated due to impact of rising fuel costs, said the company.
Ambuja generated Rs 2,606 crore from operations led by improved performance and efficient working capital management. The Greenfield project at Marwar Mundwa, Rajasthan will commission this year. "This will further improve our market position in North and West regions," said the company.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.