Ambuja Cements net profit zooms 77%

Ambuja Cements today reported a 77.3 per cent rise in net profit for the July-September quarter at Rs 304 crore on higher sales realisation and improved operational efficiencies.

The company, in which Swiss major Holcim has the majority stake, had clocked Rs 171 crore a year ago, it said in a statement.

"Net profit increased by 77 per cent to Rs 304 crore driven by higher sales realisation and improved operational efficiencies," it said.

Net sales of the company in which rose 20 per cent to Rs 2,168 crore compared to Rs 1,806 crore during the July-September quarter of the last year.

Ambuja Cements said both production and dispatch of cement during the quarter grew by 1.3 per cent to 4.7 million tonnes during the quarter.

"Monsoon being over, revival of demand is expected. Impact of recent hike in diesel priced on distribution cost and freight on internal movement of clinker are expected to keep pressure on margins," it said.

Ambuja Cements would continue its thrust in improving productivity and operational efficiency to mitigate cost increase pressures, it added.

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