Jul 12, 2012, 08.23 AM | Source: Moneycontrol.com
Ambuja Cements Ltd, has said its dispatches rose 7.2% to 1.79 million tonnes in June, year-on-year. Cement production at the company also grew 7.9% to 1.78% YoY.
The company has put up a good show in monsoon which traditionally leads to lower construction activity. Despatches and sales generally see declines during this period.
Meanwhile, the company had registered a growth of 8.76% on YoY basis in its production to 1.888 million tonnes in May too. The company's dispatches also grew by 11.91% to 1.935 million .
ACC Ltd's cement despatches too have grown to 1.96 million tonnes from 1.91 million, YoY. Its production also grew to 1.97 million tonnes from 1.89 million tonnes,YoY.
Analysts say if the trend continues, it will bring the industry back on a double-digit growth trajectory after a gap of three months. Amid India's disappointing GDP growth of 5.3% in the previous quarter, strong dispatches of the building material, at the start of the monsoon, has raised hope for better growth of cement industry in 2012-13.
Ambuja Cements has a capacity of 25 million tonnes per annum.
Ambuja Cements stock price
On February 09, 2016, at 13:16 hrs Ambuja Cements was quoting at Rs 197.90, up Rs 0.95, or 0.48 percent. The 52-week high of the share was Rs 286.85 and the 52-week low was Rs 185.25.
The company's trailing 12-month (TTM) EPS was at Rs 6.61 per share as per the quarter ended September 2015. The stock's price-to-earnings (P/E) ratio was 29.94. The latest book value of the company is Rs 65.10 per share. At current value, the price-to-book value of the company is 3.04.
Watch: SkillTree Workplace Excellence 2015
This week, SkillTree Workplace Excellence 2015 sho
Ambuja Cements' FY15 results on February 10, 2016
Ambuja Cements Ltd has informed BSE that a meeting
Ambuja Cements may touch Rs 225-230: Amit Gupta
Amit Gupta of ICICIdirect feels that Ambuja Cement
Ambuja Cements, UltraTech Cement to get astro support: Gupta
According to Satish Gupta of Astrostocktips, cemen
First State Indian buys 14.86 Lk shares of HeidelbergCement
On February 8, 2016 First State Indian Subcontinen
JK Cements resumes production at Karnataka facility
In a BSE filing, the company said production was t
Buy DLF, Marico, ACC: Rakesh Bansal
Rakesh Bansal of RK Global recommends buying DLF,
JK Cements Q3 up 2% at Rs 17 crore
The cement maker had clocked a net profit of Rs 16