Ambuja Cements on Wednesday reported profit after tax (PAT) at Rs 4,738 crore for FY24 — up by a record-setting 119 per cent (year-on-year) — and operating EBITDA at Rs 6,400 crore, up by 73 per cent.
For the fourth quarter in FY24, the cement and building materials flagship of the diversified Adani Group reported operating EBITDA at Rs 1,699 crore, up 37 per cent (on-year), with a healthy cash (and cash equivalent) at Rs 24,338 crore.
Our impressive financial performance during the year is a testament to the resilience and adaptability of our business model. It mirrors the Indian economy, which has emerged as a bright spot amid a challenging global economic scenario, said Ajay Kapur, Whole Time Director and CEO, Ambuja Cements.
The Adani Family last month fully subscribed to the warrants programme in Ambuja Cements by further infusing Rs 8,339 crore, increasing its stake in the building material company to 70.3 per cent.
