Ambuja Cements net profit jumps 357% - Indian Stock Market Tips|Commodity Market Tips|Equity Trading Tips

Indian Stock Market Tips|Commodity Market Tips|Equity Trading Tips

The Share and Stock Market is one of the most important ways for companies to raise their money through shares, and the objective of this blog is to provide you daily intraday news regarding stock market. You have arrived at the right place and you'll find a lot of information here on intraday news updates— basic concepts, strategies for buying and selling, time of entry and exit and a lot more.


Saturday, 29 April 2017

Ambuja Cements net profit jumps 357%

Ambuja Cements Ltd, a part of the global conglomerate LafargeHolcim, on Friday reported a 357 per cent increase in its standalone net profit to Rs 247 crore for the quarter ended March 31, 2017 as compared to Rs 54 crore in the corresponding period of previous financial year. The jump in net profit was attributed to sharp reduction in depreciation and amortisation expense along tax expenditure. The company posted net sales of Rs 2,533 crore, up by 5.3 per cent in the quarter under review from Rs 2,406 crore in the year-ago period.

The earnings before interest, taxes, depreciation and amortisation (EBITDA) was at Rs 394 crore during the quarter, down 12.9 percent from Rs 452 crore last year. The cement producer said the production cost was impacted due to higher petcoke and imported coal prices and sourcing of fly ash from longer leads and increase in diesel prices led to higher freight cost.

Now watch every updates regarding Share and Stock market just with a simple click here: -

No comments:

Post a Comment

Note: only a member of this blog may post a comment.