May 2019 \ Business & Investment \
Q4 Rs 427 crore profit for Ambuja Cement

Ambuja Cements, a part of the LafargeHolcim Group ...

  • Mr Bimlendra Jha

Ambuja Cements, a part of the LafargeHolcim Group, reported a 57 percent growth in its standalone net profit to Rs 427 crore for the January-March quarter of 2019, as compared to Rs 272 crore in the corresponding period last year. “Net profit increased by 57 percent as compared to the corresponding quarter of the previous year. Net profit for the current quarter includes ACC dividend of Rs 132 crore,” the company said in a statement.

According to the company, its net sales in the quarter under review stood at Rs 2,847 crore, up by 3.04 percent from Rs 2,763 crore in the same period last year. “The quarter ended March 2019 saw a steady growth in the top line. On the market side, we have introduced various innovative products to deliver superior experience and to become a preferred partner for our customers,” Bimlendra Jha, MD and CEO, Ambuja Cement, was quoted in the statement.