homeearnings News

Ambuja Cements Q1 net profit rises 57% to Rs 427 crore

Ambuja Cements Q1 net profit rises 57% to Rs 427 crore

Ambuja Cements Q1 net profit rises 57% to Rs 427 crore
Profile image

By Jomy Pullokaran  Apr 30, 2019 7:31:30 PM IST (Updated)

Ambuja Cements, a unit of global conglomerate LafargeHolcim, on Tuesday, reported a 57 percent year-on-year (YoY) jump in standalone net profit at Rs 427 crore for the first quarter ended March 2019.

Ambuja Cements, a unit of global conglomerate LafargeHolcim, on Tuesday, reported a 57 percent year-on-year (YoY) jump in standalone net profit at Rs 427 crore for the first quarter ended March 2019.

Recommended Articles

View All

In the corresponding quarter last year, the company posted a net profit of Rs 272 crore. CNBC-TV18 Polls had predicted a profit of Rs 318 crore for the quarter under review.
The standalone revenue in the January-March period increased to Rs 2,927.6 crore from Rs 2,862.6 crore in the year-ago period, Ambuja Cement said in a filing to BSE.
"The quarter ended March 19 saw steady growth in the top line. We have also reinforced our rural outreach program with an aim to increase the penetration of our product & solutions, thereby supporting our growth in the ensuing quarters. Ambuja has also increased its capacity to repurpose and utilize waste and grew significantly in that respect versus last year," said Bimlendra Jha, managing director and CEO, Ambuja Cement.
Shares of Ambuja Cements settled at Rs 220.70 apiece, down 2.30 percent on the BSE.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!

Top Budget Opinions

    Most Read

    Market Movers

    View All
    Top GainersTop Losers
    CurrencyCommodities
    CompanyPriceChng%Chng