Excellent First Quater Performance

  Sales Up - 53% to 707  Crores
  Profit After Tax up - 6 times to 101 Crores
 

Gujarat Ambuja Cements Limited alongwith its subsidiaries have performed exceedingly well during the first quarter  of  FY 2004-05. The consolidated Net Profit After Tax is up almost six times to Rs. 100.99 crores as against Rs. 17.48 crores. The Consolidated Turnover for the quarter was Rs. 707.18 crores as against Rs. 461.95 crores in the corresponding quarter of the previous year, an increase of 53%.

 Despite steep increase in the power and fuel cost due to higher oil and coal prices, the Operating Margin has gone up to 30% from 20% during the corresponding quarter of the previous year. Consolidated Operating Profit is higher at Rs. 212.82 crores as against Rs. 94.33 crores, an increase of 126%.   This is due to higher exports (up 33% at 5.22 Lac tonnes),  better sales realisation in exports and domestic markets and further enhancement  in  productivity.  

Interest  expenses have  remained  almost  same at  Rs. 22.91 crores.  After providing for higher depreciation of Rs. 60.67 crores (Rs. 49.58 crores in the previous year), Profit Before Tax is Rs. 129.24 crores  as against Rs. 31.12 crores, up 4 times. After minority interest and provision for tax  of Rs. 20.35 crores (Rs. 9.54 crores), the consolidated Profit After Tax is up almost six times at Rs. 100.99 crores as against Rs. 17.48 crores.

After a slow growth  during the first quarter of the current fiscal, the second quarter growth in demand  was much better, but still not good enough considering the growth in the economy. It is expected that post monsoon construction activity in the country will pick up  and cement demand will be much higher than 4.7% registered in the 1^st half of this year.

Click here for Unaudited Fianacial Results of GACL Q1 2005
Click here for Unaudited Fianacial Results of ACEL Q1 2005