Ambuja Cements fell 0.32% to Rs 268.65 at 9:15 IST on BSE after net profit rose 3.81% to Rs 328.59 crore on 7.91% growth in total income to Rs 2477.22 crore in Q4 December 2014 over Q4 December 2013.
The Q4 result was announced after market hours yesterday, 18 February 2015.
Meanwhile, the S&P BSE Sensex was up 115.11 points or 0.39% at 29,435.37.
On BSE, so far 40,000 shares were traded in the counter as against average daily volume of 1.03 lakh shares in the past two weeks.
The stock was volatile. The stock hit a high of Rs 273.35 so far during the day, which is a record high for the counter. The stock hit a low of Rs 270 so far during the day. The stock had hit a 52-week low of Rs 150.75 on 17 February 2014.
Ambuja Cements' net profit rose 15.5% to Rs 1496 crore on 9.2% growth in net sales to Rs 9911 crore in the year ended 31 December 2014 (FY 2014) over the year ended 31 December 2013 (FY 2013). Operating EBITDA (earnings before interest, taxation, depreciation, and amortization) rose 15.7% to Rs 1928 crore in FY 2014 over FY 2013.
Net sales in FY 2014 increased mainly on account of improved sales realization and volume growth, Ambuja Cements said. The company's cost optimisation initiatives partly mitigated inflationary pressures and restricted overall cost increases, Ambuja said. This helped the company's EBITDA growth during the year, it added.
On consolidated basis, Ambuja Cements' net profit rose 16.26% to Rs 1486.50 crore on 8.8% growth in total income to Rs 10424 crore in FY 2014 over FY 2013.
With regard to the status of ongoing projects, Ambuja Cements said that expansion at Sankrail grinding unit in West Bengal comprising the roller press and related logistics enhancements is in progress and is expected to be commissioned in 2015. This will increase grinding capacity by 0.80 million ton, the company said in a statement.
On future business outlook, Ambuja Cements said that cement demand is expected to be better with expectation of higher GDP growth and improved business sentiments. The drivers for cement demand will continue to be housing and infrastructure considering Government's recent push in this sector, the company said. Ambuja Cements said it will continue to work on improving efficiencies and focus on customer and commercial excellence. The company believes that these initiatives will help translate into improved performance.
Ambuja Cements is engaged in manufacturing and marketing cement and clinker for both domestic and exports.
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