Profit

Ambuja Cements December Quarter Profit Surges 89%

Standalone cement sales volume rose to 58 lakh tonnes in the quarter, from 50 lakh tonnes in the same period last year.

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Ambuja Cements December Quarter Profit Surges 89%

Net quarterly sales rose 19% to Rs 2,612 crore.

Ambuja Cements Ltd reported an 89 per cent jump in quarterly profit on Tuesday, helped by higher cement sales volume.

Standalone profit rose to Rs 338 crore ($52.2 million) in the fourth quarter ended December 31, from Rs 179 crore a year earlier.

Standalone cement sales volume rose to 58 lakh tonnes in the quarter, from 50 lakh tonnes in the same period last year.

Net quarterly sales rose 19 per cent to Rs 2,612 crore.

Analysts on average had expected the company, part of Switzerland-based LafargeHolcim Ltd, to post a standalone profit of Rs 247 crore, according to Thomson Reuters data.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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