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Ambuja Cements’ profit up 77%

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World Cement,

According to the latest report from Bloomberg, Ambuja Cements’ net profit increased 77% to Rs 400 crore in the second quarter of calendar year 2016, from Rs 226 crore in the same quarter last year.

Revenue was steady, rising 2% to Rs 2541.2 crore from Rs 2493 crore in the year before. Other income from interest gains stood at Rs 117.2 crore.

The company’s earnings before interest, tax, depreciation and amortisation grew 58% to Rs 582 crore compared to the corresponding quarter last year.

The margin on EBITDA rose to 20% from 15% over the year.

Edited from source by Joseph Green. Source: Bloomberg

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