Ambuja reports 78 per cent rise in net profit
Oct 18 2012 , Mumbai
Ambuja, controlled by Switzerland's Holcim Ltd, the world's second-largest cement producer, reported a 78 percent increase in net profit to Rs 3.04 billion for the July-September quarter from Rs 1.71 billion in the same period a year ago.
Net sales at India's third-largest cement maker were up 20 percent at 21.68 billion rupees over the same period.
Analysts expected profits of Rs 3.34 billion on revenue of Rs 21.94 billion, according to Thomson Reuters I/B/E/S Estimates.