Revenue increased by 15% YoY to ₹8,033 crores. Profit fell by 14% YoY to ₹752 crores for Q2 FY 2022. Total Expenses rose by 33% and Net Cash Flow from Operating Activities fell by 97% to ₹55.42 crores.
Inventories grew 37% YoY to ₹3,744.23 crores but Profit Before Interest & Tax (PBIT) fell by 44% YoY to ₹895.49 crores. For Q2 FY2022 Basic and Diluted w.r.t FV EPS fell by 14%. The management in this quarter’s results has shared that inflationary pressures and rising fuel costs are the reasons for the losses in this quarter. Along with that, management has a positive outlook for rural demand in the coming months.
To read more about Ambuja Cement, check out it’s previous earnings.