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26 September, 2020 01:33 IST
Ambuja Cements Q1 profit rises 6.8% to Rs 7.43 bn
Source: IRIS | 28 Apr, 2020, 11.21PM
Rating: NAN / 5 stars.
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Ambuja Cements, third largest cement company in India reported a consolidated profit of Rs 742.59 crore in Q1 CY20, a 6.8 percent growth over the same period last year.

The growth in bottomline was driven by strong operating numbers, but sales volumes dropped 11.9 percent YoY to 12.19 million tonne partly due to lockdown announced towards March-end.

Consolidated revenue from operations dropped 8.5 percent year-on-year to Rs 6,249.66 crore due to a fall in sales volumes.

Shares of the company declined Rs 4.3, or 2.5%, to settle  at  Rs 168.00.  The total volume of shares traded  was  488,399 at  the BSE (Tuesday).