Cement volumes grew 2.4% in Quarter 1 of 2019 while net sales grew by 3% year on year.
Ambuja Cements Limited announced its standalone unaudited financial results for the quarter ended 31st March, 2019.
Performance of Material Subsidiary – ACC Limited
Net Sales during the quarter went up by 8% to Rs. 3850 Crore compared to Rs. 3557 Crore for the same quarter last year. Operating EBITDA for the quarter registered a growth of 8% to Rs. 532 Crore as against Rs. 492 Crore during the same quarter of the previous year.
Consolidated (Ambuja Cement and ACC Limited) Financial Results for the Quarter ended 31st March 2019
Q1 Consolidated PAT after non-controlling interest up by 27%
We expect economy to grow strongly, based on Reserve Bank of India’s repo rate cut to boost private investment and an increase in disposable incomes of households due to tax benefits. Government’s thrust and higher outlays on infrastructure and affordable housing apart from reduction in rates for under-construction flats should further accelerate construction activity and spur cement demand.