Ambuja Cement Net Profit Up 15%

New Delhi: Ambuja Cement has recorder 15 percent growth in standalone net profit at Rs 412 crore for second quarter ended June 2019, as compared to Rs 358 crore in the corresponding quarter of 2018.

Net profit of the company stood at Rs 499.3 crore in the second quarter of 2018 but it included Rs 141 crore dividend from ACC Ltd, Ambuja Cement’s subsidiary.

Total income declined 5.4 percent at Rs 3,036 crore for the second quarter of 2019 as compred to Rs 3,208 crore in the same quarter of 2018, Ambuja Cement said in a filing to the Bombay Stock Exchange.   

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