Ambuja Cements net profit dips 66% to Rs 110 crore in December quarter
Ambuja Cements today reported 66.53 per cent decline in net profit at Rs 109.96 crore for the fourth quarter ended December 31, 2015.
By PTI | Updated:
NEW DELHI: Ambuja Cements today reported 66.53 per cent decline in net profit at Rs 109.96 crore for the fourth quarter ended December 31, 2015.
The company had posted a net profit of Rs 328.59 crore during the same period of previous fiscal.
Net sales of the cement maker declined to Rs 2,355.81 crore for the fourth quarter, as against Rs 2,378.97 crore in the same period of previous fiscal, Ambuja Cements said in a regulatory filing.
The company follows January-December financial year.
For the year ended December 31, the company posted a net profit of Rs 807.88 crore, compared to Rs 1,486.50 crore in he previous year, down 45.65 per cent.
Shares of the firm today declined by 1.22 per cent to settle at Rs 195 apiece on the BSE.
The company had posted a net profit of Rs 328.59 crore during the same period of previous fiscal.
Net sales of the cement maker declined to Rs 2,355.81 crore for the fourth quarter, as against Rs 2,378.97 crore in the same period of previous fiscal, Ambuja Cements said in a regulatory filing.
The company follows January-December financial year.
For the year ended December 31, the company posted a net profit of Rs 807.88 crore, compared to Rs 1,486.50 crore in he previous year, down 45.65 per cent.
Shares of the firm today declined by 1.22 per cent to settle at Rs 195 apiece on the BSE.
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