Ambuja Cements Q2 FY24 Results Today
Ambuja Cements Q2 results show revenue up from 8,976.14 crores to 7,899.99 crores, an 11.99% increase in growth. EPS rose from ₹4.56 to ₹3.99, up by 12.50%.
Quarter-on-Quarter Basis Results (Q2 FY2024):
Ambuja Cements shared its Q2 results on Wednesday. They earned 7,899.99 crores in revenue this quarter, but that’s less than the 8,976.14 crores they made last quarter. The company’s growth decreased by 11.99 percent when comparing the two quarters.
In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 792.96 crores, down from 905.61 crores in the previous quarter. Their quarter-to-quarter growth decreased by 12.44 percent.
The company’s EPS (Earnings Per Share) this quarter is ₹3.99, which is a decrease of 12.50% from the ₹4.56 EPS in the previous quarter.
Year-over-Year Basis Results (Q2 FY2024):
The company made a total revenue of 7,899.99 crores this year (2023), which is 9.11 percent higher than last year’s total revenue of 7,240.69 crores.
This year’s PAT (Profit After Tax) is 792.96 crores, which is also 751.00% higher than last year’s PAT of 93.18 crores.
The EPS (Earnings Per Share) for this year is ₹3.99, which is 748.94% more than the EPS of ₹0.47 earned last year.
Year-over-Year Basis Results (Half Year Ended FY2024):
In the first half of 2023, the company generated a total revenue of 16,876.13 crores, marking a 9.51% increase compared to the previous year’s 15,410.27 crores.
The PAT (Profit After Tax) for this half-year stands at 1,698.57 crores, showing a 100.97% growth over the previous year’s 845.18 crores.
The EPS (Earnings Per Share) for this half-year is ₹8.55, representing a 100.70% increase from the previous half-year’s EPS of ₹4.26.
Ambuja Cements Share Dividend Announcement / Record Date:
The record date for the dividend has not arrived yet.
About Ambuja Cements:
As of today, Ambuja stands as the third-largest cement company in India, boasting an impressive annual plant capacity of 16 million tonnes, which includes Ambuja Cement Eastern Ltd. Furthermore, the company has recorded revenue exceeding Rs. 3298 crore. In 1993, Ambuja Cement established a comprehensive system for the transportation of bulk cement through maritime routes.
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