Ambuja Cements Profit Rises 66% In March Quarter, Stock Edges Lower

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Ambuja Cements Profit Rises 66% In March Quarter, Stock Edges Lower

Ambuja Cements was last trading 1.45per cent lower at Rs 309.45on the BSE.

Share price of Ambuja Cements declined around two per cent on Friday, April 30, a day after the cement producing major announced its January-March quarter results of the financial year 2020-21. On Friday, Ambuja Cements opened on the BSE at Rs 314.85, touching an intra day high of Rs 319.85 and an intra day low of Rs 306.85, in the trading session so far. According to a regulatory filing by the company to the BSE, Ambuja Cements reported a growth of 66 per cent in standalone profit at Rs 664.6 crore in the the fourth quarter of fiscal 2020-21, compared to Rs 399 crore in the corresponding quarter last year.

According to the statement, the revenues from operations stood at Rs 3621.4 crore in the March quarter, compared to Rs 2,827.5 crore. Ambuja Cement’s total income on a standalone basis stood at Rs 3,676.55 crore in the quarter ended March 2021, compared to Rs 2,915.68 crore in the same quarter last year.

On the NSE, Ambuja Cements opened at Rs 314, touching an intra day high of Rs 319.85, and an intra low of Rs 306.75, in the trading session so far. It was last trading 1.39 per cent lower at Rs 309.70 on the NSE.

Ambuja Cements was last trading 1.45 per cent lower at Rs 309.45 on the BSE.

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