Ambuja Cements reported a 34.06% increase in consolidated net profit to Rs 968.24 crore

ambuja-cement

Ambuja Cements share price gained on February 19, a day after the company announced its December quarter numbers.

The company on Thursday reported a 34.06 percent increase in consolidated net profit to Rs 968.24 crore for December quarter 2020 helped by volume growth. Ambuja Cements, which follows January-December financial year, had clocked a net profit of Rs 722.26 crore in October-December 2019.

Revenue from operations was up 4.58 percent to Rs 7,452.87 crore during the quarter as compared to Rs 7,126.44 crore in the year-ago period. Total expenses were at Rs 6,434.43 crore, up marginally from Rs 6,372.09 crore in the fourth quarter of 2019.

News Source:- Moneycontrol

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