Excellent performance by ambuja cement eastern limited

Ambuja Cement Eastern Limited (ACEL), a subsidiary of Gujarat Ambuja Cements Limited has performed exceedingly well in the financial year ended June 2003. The company earned a Net Profit of Rs. 49.01 crores as against Rs. 11.83 crores in the previous year..

During the year, the company sold 15.04 lac tonnes of cement as against 14.83 lac tonnes in the previous year. Turnover for the year was Rs. 420.39 crores as against Rs. 365.54 crores in the previous year, an increase of 15% on account of better sales realisation.

Operating Profit is up 64% at Rs. 90.76 crores as against Rs. 55.47 crores in the previous year. O/P Margin is substantially higher at 24.8% from 17.6% as compared to the previous year.

There has been a substantial reduction in the interest cost which is down 24% to Rs. 17.03 crores as against Rs. 22.53 crores

After providing for depreciation of Rs. 24.72 crores (as against Rs. 27 crores in the previous year) the Net Profit is up 4 folds at Rs. 49.01 crores as against Rs. 11.83 crores in the previous year.

This tremendous turn around in the performance of ACEL was on account of high productivity, operational efficiencies, efficient financial management and better sales mix and realisation.

Click here for annual results of ACEL

Anil Singhvi,
Director