Ambuja Cements net profit zooms 77%

Net profit increased to Rs 304 cr driven by higher sales realisation,improved operational efficiencies.

Ambuja Cements today reported a 77.3 per cent rise in net profit for the July-September quarter at Rs 304 crore on higher sales realisation and improved operational efficiencies.

The company,in which Swiss major Holcim has the majority stake,had clocked Rs 171 crore a year ago,it said in a statement.

Net profit increased by 77 per cent to Rs 304 crore driven by higher sales realisation and improved operational efficiencies, it said.

Story continues below this ad

Net sales of the company in which rose 20 per cent to Rs 2,168 crore compared to Rs 1,806 crore during the July-September quarter of the last year.

Ambuja Cements said both production and dispatch of cement during the quarter grew by 1.3 per cent to 4.7 million tonnes during the quarter.

Monsoon being over,revival of demand is expected. Impact of recent hike in diesel priced on distribution cost and freight on internal movement of clinker are expected to keep pressure on margins, it said.

Ambuja Cements would continue its thrust in improving productivity and operational efficiency to mitigate cost increase pressures,it added.

‘Why weren’t TVK leaders told it wasn’t right day for a big event’: Cong MP Jothimani

Political Pulse6 hr ago

A stampede at TVK founder Vijay's rally in Karur led to the death of 40 people and injuries to many. Congress's Karur MP Jothimani identifies overcrowding, poor planning, and the timing of the event as possible causes. She recommends setting clear guidelines for political gatherings and consulting all parties to prevent similar tragedies.

View all shorts

Live Blog

PHOTOS