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    Ambuja Cements posts 27 percent rise in second-quarter profit, beats expectations

    Ambuja Cements posts 27 percent rise in second-quarter profit, beats expectations

    Ambuja Cements posts 27 percent rise in second-quarter profit, beats expectations
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    By Reuters  IST (Published)

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     India's Ambuja Cements Ltd posted a 27 percent growth in second-quarter profit on Wednesday, beating market estimates, helped by higher cement sales and lower expenses.

    India's Ambuja Cements Ltd posted a 27 percent growth in second-quarter profit on Wednesday, beating market estimates, helped by higher cement sales and lower expenses.
    Standalone profit rose to 4.99 billion rupees ($72.60 million) in the quarter ended June 30, from 3.92 billion rupees a year earlier, the Mumbai-based company said.
    Analysts on average had expected a standalone profit of 3.10 billion rupees, according to estimates by Thomson Reuters I/B/E/S.
    Cement sales volume rose to 6.37 million tonnes from 6.05 million tonnes a year earlier, said the company which is a unit of the world's largest cement maker, LafargeHolcim Ltd.
    Total expenses decreased by 8 percent to 25.50 billion rupees.
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