Ambuja Cements Jan-Mar profit jumps four fold on higher sales volume
Net profit jumped to Rs 247 crore ($38.41 million) in the quarter ended March 31.business Updated: Apr 28, 2017 19:48 IST
India’s Ambuja Cements, part of global conglomerate LafargeHolcim Ltd, on Friday reported an over four-fold surge in first-quarter net profit, as higher cement sales volume and favourable pricing offset rising costs.
Net profit jumped to Rs 247 crore ($38.41 million) in the quarter ended March 31, from Rs 53.51 crore in the year-ago period, the cement major said.
Analysts on average expected the manufacturer of clinkers and cement to post a profit of Rs 262 crore, according to Thomson Reuters data.
Cement sales volume rose 2.7% in the quarter to 60.2 lakh tonnes.