Gujarat Ambuja Cements profits jump at 43 pc

Gujarat Ambuja Cements has posted a 43 per cent jump in net profits at Rs 590.74 crore for the first quarter ended March 31.

Gujarat Ambuja Cements has posted a 43 per cent jump in net profits at Rs 590.74 crore for the first quarter ended March 31, 2007 against Rs 412.77 crore in the same period last year Total income (net of ex- cise) of the company rose to Rs 1700.25 crore for the three months ended March 31, 2007, up 50.32 per cent over Rs 1131.07 crore recorded in the same period in 2006. Meanwhile, the company's Managing Director Anil Singhvi has quit. Singhvi is leaving Gujarat Ambuja to join I-Can Investment Advisors, a financial advisory firm, as country manager Swiss firm Notz Stucki holds 49 per cent in I- Can Investment Advisors.

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