https://www.thomas-sz.com The standalone profit during the quarter dipped to Rs 454.9 crore, down from Rs 537.4 crore reported in the same period last year. The profit in Q4CY18 had a major support from tax credit of Rs 333 crore.Revenue from operations in Q4 grew by 9.5 percent to Rs 3,135.9 crore YoY, with 6.7 percent growth in sales volumes that stood at 6.54 million tonnes YoY.Ambuja Cement also announced the appointment of Neeraj Akhoury as its new Managing Director and Chief Executive Officer. He will be taking over the position from Bimlendra Jha who resigned with effect from February 20 to pursue other interests.The company follows the January December norm as its financial year.At operating level, standalone earnings before interest, tax, depreciation and amortisation (EBITDA) surged 35.6 percent to Rs 547.4 crore and margin expanded 340bps YoY to 17.5 percent in the quarter that ended on December 2019, driven by lower power and fuel cost.Find all earnings related news HereNumbers, barring margins, beat analyst estimates.
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