Second Quater Results

  Sales - Rs. 620  Crores
  Net Profit - Rs. 90 Crores
 

Gujarat Ambuja Cements Limited has performed well during the second quarter of FY 2004-05. The Company sold 3.34 million tonnes of cement as against 2.55 million tonnes in the corresponding quarter of the previous year, an increase of  31%.  The Turnover is up 42% at Rs.619.83 crores during the quarter as compared to Rs.435.50 crores during the corresponding quarter of the previous year.

The sales realisation improved by 9% as compared to the corresponding quarter of the previous year. The 
Operating Profit was Rs.176.81 crores as against Rs.112.60 crores in the corresponding quarter of the previous year. Interest cost came down to Rs.20.30 crores as against  Rs.22.11 crores, a decrease of  8 %. After providing Depreciation of Rs.49.31 crores (Rs.40.61 crores), current and deferred Tax Rs.17.65 crores (Rs26.07 crores), the Net Profit is at  Rs.89.55 crores as against Rs.59.54 crores.

For the first half of FY2004-05, the turnover is up 50% at Rs1219.21 crores against Rs813.61 crores. Net Profit for the first half is up 142% at Rs180.01 crores against Rs74.36 crores in the same period during the previous year.  The Operating Margin in the first half of the current year has improved to 29% from 23% in the same period last year. This was on account of higher volume and stable prices that led to improved realisations.

Cement demand in the country during the quarter grew by 12% backed by healthy demand from the housing and infrastructure sector. But in some markets cement prices came down due to intense competition.

Click here for Unaudited Fianacial Results of GACL Q2 2005
Click here for Unaudited Fianacial Results of ACEL Q2 2005