Ambuja Cements’ profit up 77%
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
Read the article online at: https://www.worldcement.com/indian-subcontinent/27072016/ambuja-cements-profit-up-5/
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