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Tuesday, 21 February 2017

Indian Stock Market Tips; Ambuja Cement's Standalone Q4 Net Profit Up 60%

Cement major Ambuja Cement on Monday reported a rise of 60 per cent in its standalone net profit for the quarter ended December 31, 2016. The company informed the BSE, that its net profit during the quarter under review increased to Rs 175.88 crore from Rs 109.96 crore. On the contrary, the company reported a decline of 6.64 per cent in its standalone total income from operations for the fourth quarter to Rs 2,231.03 crore from Rs 2,379.22 crore. "Our rapid adoption of cashless payment methods in December 2016 quarter helped Ambuja to deliver a strong performance in 2016,"

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