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News Details

Ambuja Cements Q3 net profit down 1.66% at Rs 272.42 cr

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24/10/2017 20:02
The company reported standalone net profit of Rs 272.42 crore for the quarter ended September 30, 2017 as compared to Rs 277.02 crore in the same period last year, registering a year-on-year├┐decline├┐of 1.66 per cent.

Net revenue of the company rose moderately by 15.73 per cent at Rs 2,319.64 crore in July-September quarter of this fiscal as against Rs 2,004.28 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 13.71 per cent to Rs 1,965.25 crore from Rs 1,728.28 crore in year ago period.

Other Income dipped by 31.40 per cent at Rs 153.11 crore versus (Sep'16 Rs 223.18 crore).

Operating Profit surged by 16.90 per cent to Rs 354.39 crore as against Rs 303.16 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 0.99 per cent in September quarter.

Interest grew by 63.19 per cent y-o-y to Rs 31.25 crore, while Taxation decreased by 10.17 per cent at Rs 63.49 crore (Sep'16 Rs 70.68 crore).