AMBUJA
CEMENT RAJASTHAN LIMITED |
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| PRESS
RELEASE |
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| April 9,
2003 |
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| AMBUJA CEMENT RAJASTHAN LIMITED (ACRL) PERFORMS WELL |
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| ACRL an associate of Gujarat Ambuja Cements Limited has earned cash profit during the third quarter of the financial year ending June 2003 despite a drop in the realisations by over 9%. Cement prices in Rajasthan, Delhi and other markets were very low during the quarter. |
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| During the third quarter the company sold 4.18 lac tonnes of cement as against 3.45 lac tonnes in the corresponding quarter of the previous year, an increase of 21% p.a. Turnover in the third quarter is up 11% to Rs. 84.29 crores as against 76.21 crores in the third quarter of the previous year. |
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| Similarly, production during March 2003 is up at 1.02 million tonnes as compared to 7.25 lac tonnes, an increase of 41%. |
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| Operating Profit was at Rs. 9.41 crores as against Rs. 11.92 crores in the same quarter of the previous year. The decline in the Operating Profit was low despite a drop in the sales realisation by around 9% on account of higher productivity and lower cost of production on account of substantial savings in the power and fuel cost which were down by about 17% as compared to the last year. |
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| Interest cost has reduced by 16% to Rs. 9.36 crores as against Rs. 11.20 crores. |
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| After charging depreciation of Rs. 6.22 crores (Rs. 6.12 crores in the previous year), the loss for the year was Rs. 6.17 crores as against Rs. 5.4 crores. |
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