Ambuja Cements announced Q2FY24 & H1FY24 results: Q2FY24: Revenue grew by 4.1% at Rs 7,424 crore. EBITDA stood at Rs 1,302 crore (up by Rs 975 crore), driven by operational excellence and cost-saving projects EBITDA margin expanded by 12.9 pp from 4.6% to 17.5%. Clinker & Cement sales volume growth of 2.3% YoY at 13.1 Mn T Kiln Fuel cost reduced by 34%, (Rs 2.72/’000 kCal to Rs 1.79/’000 kCal) expected to further come down through mix and source optimisation WHRS power mix has gone up by 11.2 pp to 15% H1FY24: Revenue grew by 6.4% at Rs 16,137 crore. EBITDA up by Rs 1,531 crore, at Rs 2,969 crore. EBITDA margin expanded by 8.9 pp from 9.5% to 18.4%. Clinker & Cement sales volume growth of 5.9% YoY at 28.5 Mn T Kiln Fuel cost reduced by 26% (Rs 2.59/’000 kCal to Rs 1.92/’000 kCal), expected to further come down through mix and source optimisation WHRS power mix improved to 15%, Expected to reach 17 % by end of FY’24 Ajay Kapur, Whole Time Director & CEO, Ambuja Cements said, “Continuing our transformation journey, we are pleased to report a strong performance (standalone) in the second quarter of FY‘24, with a 8% increase in revenue, 147% increase in EBITDA at Rs 773 crore and 364% increase in PAT at Rs 644 crore compared to the previous year same quarter. Along with strong demand for our premium cement products, our business performance improved due to operational excellence, supply chain management and sales & marketing excellence, Adjacencies benefits with Group companies are lowering input costs which is boosting EBITDA & Margin growth. Operational efficiencies helped in reduction in Kiln fuel cost from Rs 2.72/’000 kCal to Rs 1.79/’000 kCal & CPP fuel cost from Rs 2.27/’000 kCal to Rs 1.65/’000 kCal. Logistics efficiencies has resulted in Direct dispatch up from 48% to 58%. Our commitment to sustainability remains strong. We are consistently taking measures to benefit our communities and reduce our carbon footprint. These include diminishing energy intensity, implementing Waste Heat Recovery Systems, and augmenting renewable energy generation. For the new facility of 4 MTPA at Bhatapara apart from Equipment which has been ordered, civil execution work has started. Expected completion by Q2 FY’26 For its corresponding Grinding unit at Sankrail and Farakka order has been placed on EPC vendor and piling work has also started. Expected completion of these units by Q3 FY’25. For the new facility of 4 MTPA at Maratha LOI has been placed on EPC vendor, Site development and Pre project has also been started. EC and CTE approval are expected in this quarter. Expected completion by Q4 FY’26” Result PDF