Ambuja Cement's Q2FY24 Financial Performance Review

In this financial performance review, we delve into the results of Ambuja Cements for the second quarter of fiscal year 2024 and analyze key metrics, including revenue, expenses, net profit, and margin.

 

ParticularsQ2FY23YoY (% change)Q1FY24QoQ (% change)Q2FY24
Total Income (₹crs.)7,240.699.118,976.14-11.997,899.99
Expenses (₹crs.)7,175.81-8.527,469.74-12.126,564.28
Net Profit (₹crs.)51.301824.441135.46-13.05987.24
Margin (%)0.7111.7912.65-0.1512.50

 

REVENUE: 
Ambuja Cements reported a total income of ₹7,899.99 crores in the second quarter of fiscal year 2024, which represents a decline of 11.99% compared to the preceding quarte. Year-on-year (YoY), there was a growth of 9.11% from ₹7,240.69 crores.

 

EXPENSES:
The company's total expenses for Q2FY24 amounted to ₹6,564.28 crores, indicating a significant decrease of 12.12% compared to the expenses in the preceding quarter. On a YoY basis, expenses decreased by 8.52% from ₹7,175.81 crores in Q2FY23.

 

NET PROFIT: 
Ambuja Cements reported a net profit of ₹987.24 crores, signifying a decline of 13.05% compared to the net profit of ₹1,135.46 crores in the preceding quarter. On a YoY basis, the company showed a remarkable increase in profitability, compared to the net profit of ₹51.30 crores in Q2FY23.

 

MARGINS: 
Ambuja Cements' margin in Q2FY24 was 12.50%, representing a marginal decline from the margin of 12.65% in the preceding quarter. Year-on-year, the margin showed significant growth, with a notable increase of 11.79% from a margin of 0.71% in Q2FY23.

 

In conclusion, Ambuja Cements' financial performance in the second quarter of fiscal year 2024 reflects a decline in revenue and a decrease in profitability compared to the previous quarter. However, the company demonstrated a substantial improvement in net profit when viewed on a YoY basis. Margins remained healthy despite a slight decrease.

 

Stay tuned for more updates on upcoming financial performances.

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