Ambuja Cement, part of the global cement major Lafarge Holcim, has reported a 27 per cent increase in its consolidated March quarter net profit at ₹495 crore against ₹390 crore in the same period last year, on the back of better realisation.

Net sales were up six per cent at ₹6,694 crore (₹6,314 crore).

The company follows January-December fiscal.

Ambuja Cement, along with its subsidiary ACC, produced 13.87 million tonnes (13.33 mt) of cement — which is an increase of four per cent.

Operating Ebitda of the company were down marginally at ₹997 crore (₹1,002 crore) due to higher costs.

On a standalone basis, Ambuja Cement’s net profit was up 57 per cent at ₹427 crore (₹272 crore) including ₹132 crore from that of its subsidiary ACC, while net sales increased three per cent to ₹2,847 crore (₹2,763 crore).

Bimlendra Jha, Managing Director, said the company has introduced innovative products to become the preferred partner of customers and enhanced rural outreach programmes to increase penetration in rural India.

Shares of the company were down two per cent at ₹221 on Tuesday on the BSE.

Tube Investments of India

Tube Investments of India (TII) has reported a profit after tax of ₹55 crore for the fourth quarter ended March 31, 2019, when compared with ₹ 21 crore in the year-ago quarter.

There was an exceptional item of ₹ 25.25 crore for the quarter ended March 31, 2018 that represented impairment of investments in the Murugappa group companies’ joint ventures.

The profit before tax and exceptional items for the fourth quarter was at ₹86 crore (₹49 crore). The company’s revenue grew by 10 per cent at ₹1,224 crore (₹1,109 crore).

For the year ended March 31, 2019, profit after tax rose significantly to ₹244 crore when compared with ₹136 crore in 2017-18. Total revenue from operations stood at ₹5,286 crore (₹4,655 crore), an increase of 14 per cent. Profit before tax and exceptional items for the quarter was higher at ₹371 crore (₹218 crore). In 2018-19, engineering, and metal formed products businesses reported revenue growth of 16 per cent (at ₹2,896 crore) and 18 per cent (at ₹1,360 crore) respectively, while cycles and accessories division reported a five per cent drop in revenues (at ₹1,238 crore), mainly due to lower institutional sales.

The board has recommended a final dividend of ₹0.75 per equity share. It had announced an interim dividend of ₹1.75 earlier.

Exide Industries Ltd

Exide Industries Ltd posted a 11-per cent growth in standalone net profit at ₹211 crore for the quarter ended March 31, 2019 against ₹190 crore registered during the same period last year.

Net revenue was up by around 6 per cent to ₹2,599 crore ( ₹2,459 crore).

For the year ended March 31, 2019, the company’s standalone net profit grew by 26 per cent to ₹844 crore (₹668 crore) and net turnover was ₹10,588 crore, up 12 per cent.

The company’s board has recommended a final dividend of ₹0.80 (80 per cent) per fully paid up equity share of ₹1 each.

Bengal Chemicals and Pharmaceuticals

Bengal Chemicals and Pharmaceuticals, one of the first generic drug and FMCG companies in the country that was set up as a swadeshi venture, is aiming to be net-worth positive and get the coveted “Mini-Ratna” status by 2023.

The PSU, which reported its third straight year of profit in FY19 of ₹25 crore, plans to be amongst the top 100 profit-making public sector utilities this year. for the full year ended March 31, 2019, the company posted a total income of ₹120 crore.

Filatex India, a synthetic filament yarn manufacturing company, has reported 61 per cent increase in March quarter net profit at ₹28 crore against ₹17 crore logged in the same period last year, largely due to higher production and exports. Revenue in the quarter was up 22 per cent at ₹706 crore (₹579 crore). Ebitda jumped 19 per cent to ₹55 crore (₹46 crore).

For the financial year ended March, net profit increased 42 per cent to ₹85 crore (₹60 crore); Revenue was up 46 per cent at ₹2,874 crore (₹1,974 crore); and. Ebitda was up 38 per cent at ₹217 crore.

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