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Gujarat Ambuja: Improving performance

Jan 29, 2003

Gujarat Ambuja, one of the largest cement producers in the country, has announced improved December quarter results. The company has reported a 20% jump in topline while its bottomline has risen by a healthy 12%. Operating margins have fallen marginally, though not as much as what was seen in 1QFY03. In that sense, December quarter has been much better than its performance in September quarter.

(Rs m) 2QFY02 2QFY03 Change 1HFY02 1HFY03 Change
Net Sales 3,501 4,193 19.8% 6,494 7,926 22.1%
Other Income 51 79 55.3% 139 148 6.1%
Expenditure 2,340 2,916 24.6% 4,278 5,823 36.1%
Operating Profit (EBDIT) 1,160 1,278 10.1% 2,216 2,103 -5.1%
Operating Profit Margin (%) 33.1% 30.5%   34.1% 26.5%  
Interest 261 261 -0.1% 508 481 -5.3%
Depreciation 337 439 30.2% 673 873 29.7%
Profit before Tax 612 656 7.1% 1,174 897 -23.6%
Extraordinary items 0 0   0 0  
Tax 108 92 -14.9% 197 156 -20.9%
Profit after Tax/(Loss) 505 565 11.8% 977 741 -24.1%
Net profit margin (%) 14.4% 13.5%   15.0% 9.4%  
No. of Shares 155.1 155.2   155.1 155.2  
Diluted Earnings per share* 13.0 14.6   12.6 9.6  
P/E Ratio         16.2  
(* annualised)            

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