Gujarat Ambuja expect 8-10% growth in demand going forward. Realisations were up 12% in Q3. South registered maximum growth in realisations. Volume growth to come on account of blending.
Exports to continue to do well to Gulf countries. The company says they will continue to have 12-15% sales from exports. Coal costs lower QoQ. Freight cost high in Q3, likely to go up further in Q4.
Gujarat Ambuja Cements standalone net profit is up 109% at Rs 299 cr vs 143.1 cr. Its standalone net sales are up 38.5% at Rs 924 cr vs Rs 667.2 cr.
The Board has declared interim dividend of 50% (Re 1 per share) on Equity Shares.
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