Income was down three per cent at ₹8,666 crore (₹8,976 crore). Overall expenses were up at ₹7,567 crore (₹7,470 crore). Ajay Kapur, Whole Time Director and CEO, Ambuja Cements, said the consistent fall in cost of operations brings visibility to achieving the targeted cost reduction of ₹530 per tonne by FY28. Higher linkage coal volume and improved coal volume from captive mine Gare Palma has contributed to 17 per cent reduction in kiln fuel cost. On a standalone basis, the company’s net profit was down at ₹571 crore (₹645 crore) and income dipped to ₹4,936 crore ( ₹4,919 crore).

Source: The Hindu August 01, 2024 00:38 UTC