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Ambuja Cements gains 2% on healthy Q1 numbers
The company's total income during the March quarter was at Rs 7,093.27 crore, up 8.36 percent from Rs 6,545.91 crore.
Shares of Ambuja Cements gained more than 2 percent intraday Thursday after the company reported better numbers for the first quarter ended March 2019.
The company has reported a 35.18 percent increase in its consolidated net profit at Rs 695.30 crore for the first quarter ended March 2019 led by volume growth.
The company, which follows January-December fiscal, had posted a consolidated net profit of Rs 514.34 crore in the January-March period a year ago.
The company's total income during the March quarter was at Rs 7,093.27 crore, up 8.36 percent from Rs 6,545.91 crore reported in the corresponding quarter a year ago.
Total expenses in the quarter under review rose 6.23 percent to Rs 6,151.66 crore from Rs 5,790.43 crore a year ago.
Cement sales volume was up 2.41 percent to 6.37 million tonnes as against 6.22 million tonnes last year.
At 10:06 hrs Ambuja Cements was quoting at Rs 225, up to Rs 4.30, or 1.95 percent on the BSE.
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