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Ambuja Cements Q3 net profit drops 45%

October 30: Ambuja Cements Limited, one of the major cement manufacturers of India, reported a 45.4 % drop in its net profit to Rs 165.95 crore in the quarter ended September 30, 2013 (Q3, 2013), compared to a net profit of Rs 303.97 crore in the corresponding period last year (Q3, 2012) according to a company release.

Following are the Q3 results of Ambuja Cements Limited in 2013 and 2012:

*Ambuja Cements Limited's financial year is at per with the calendar year. 

However, for the first nine months (January-September) of 2013, the net profit of the company dropped 9.87% to Rs 978.07 crore compared to Rs 1,085.09 crore in the same period last year (January-September 2012).

While sales volumes increased marginally to 4.89 million tons during Q3, 2013, from 4.79 million tons in Q3, 2012, net sales from operations dropped 7.4% to Rs 2,004.94 crore in Q3, 2013 compared to Rs 2,464.50 crore the corresponding period last year.

The company's operating earnings before interest, taxes, depreciation and amortization (EBITDA) stood at Rs 268 crore in Q3 2013 compared to Rs 522 crore in Q3 2012, registering a 48.7 % drop.

Company sources said that lower realization and higher input costs impacted the profitability of the company during the quarter.

The company claimed that despite the challenging outlook due to difficult macro-economic scenario it has been able to cap production costs to about 45% q-o-q.