Bengaluru: India’s Ambuja Cements Ltd reported an 89% jump in quarterly profit on Tuesday, helped by higher cement sales volume.
Standalone profit rose to Rs338 crore ($52.2 million) in the fourth quarter ended 31 December, from Rs179 crore a year earlier.
Standalone cement sales volume rose to 5.87 million tonnes in the quarter, from 5 million tonnes in the same period last year.
Net quarterly sales rose 19% to Rs2,612 crore.
Analysts on average had expected the company, part of Switzerland-based LafargeHolcim Ltd, to post a standalone profit of Rs247 crore, according to Thomson Reuters data. livemint