Ambuja Cement net up 10%
Ambuja Cement, a part of the LafargeHolcim group, has registered a 10.12 per cent growth in net profit for the quarter ended March 31, 2018. A combination of improved realisations and sales growth despite a rise in power and fuel costs have helped in registering a standalone net profit of Rs 272 crore during the quarter against Rs 247 crore in the corresponding year ago period.
The company’s standalone net sales rose to Rs 2,763 crore in the March quarter from Rs 2,530 crore in the year-ago period. “The topline growth of 9 per cent on a YoY (year-on-year) basis is attributable to improved realisations and sales growth of premium brands – Compocem and Roof Special,” Ambuja Cements said in a statement.
Cement sales increased to 6.22 million tonnes (mt) in the March quarter, compared with 6.02 mt a year ago.
“During this quarter, the rise in global oil and energy prices drove up power and fuel costs and diesel prices which impacted freight costs. However, efficiencies improved,” the company said.