Ambuja Cements, a leading cement company, today announced a fall of 44.61% in seconed quarter earnings. It earned net profit of Rs 2.26 billion for the quarter ended Jun. 30, 2015 as compared to Rs 4.08 billion in the same period last year.
Total income decreased 7.72% to Rs 25.10 billion for the quarter ended Jun. 30, 2015 from Rs 27.20 billion.
Analysts, on average, expected Ambuja Cements to report a profit of Rs 2.58 billion, on revenue of Rs 24.9 billion.
Shares of the company declined Rs 6.05, or 2.52%, to settle at Rs 234.30. The total volume of shares traded was 116,377 at the BSE (Monday).