Ambuja Cements net profit rises

Ambuja Cements net profit rises
05/11/2016 , by , in ALLIED

Cement major Ambuja Cements posted a 79.2 per cent YoY Rs 277 crore profit for the September quarter against Rs 153.57 crore posted for the same quarter a year ago.

The cement maker, in which Swiss building material major Holcim has a majority stake, had registered a net profit of Rs Rs 399.51 crore for June quarter, it said.

“Post monsoon construction activities are likely to pick up. The medium to long term outlook for cement demand remains positive considering good monsoon this year and Government’s focus on housing and infrastructure development. Ambuja Cement would continue to focus on improving operational efficiencies,” the company said.

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