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Ambuja beats Street estimates

Net profit rises 77% to Rs 400 cr; stock hits a 52-week high

BS Reporter  |  Mumbai 

Ambuja Cements, a Holcim group company, beat Street estimates with a 77 per cent rise in its net profit at Rs 400 crore for the quarter ended June against analysts' estimates of Rs 330 crore. In the year-ago quarter, Ambuja had clocked a profit of Rs 226 crore. Ambuja shares hit a 52-week high on the BSE and closed at Rs 269.95 apiece on Tuesday, an increase of 0.5 per cent from the previous close.

The results were declared after market hours. The net sales of the company was up 1.9 per cent at Rs 2,541 crore compared with Rs 2,493 crore in the same quarter last year. This is despite ...

First Published: Wed, July 27 2016. 00:15 IST

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