Friday, 29 April 2016

Ambuja Cement Net profit Down 4.4 percent

Cement maker Ambuja Cement, which follows the calendar year in financial accounting, on Thursday said it registered a decline of 4.4 percent in its consolidated net profit during the quarter ended March, at Rs.304 crore from Rs.318 crore in the same period last year.

Company's net sales for the quarter fell marginally to Rs.2,418 crore, down 0.3 percent though sales volume rose to 5.86 million tonnes (mt) in the quarter as against 5.35 mt in the corresponding period last year.

"On the back of good cement demand, volume was up by 9.5 percent as compared to corresponding quarter of the previous year. 

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