Ambuja Q3 net rises 11.5%

Ambuja Q3 net rises 11.5%

Mumbai: Ambuja Cements Ltd, India’s third-biggest cement maker, said on 19 October its quarterly net profit rose 11.5% on higher prices.

Ambuja Cements, in which Switzerland’s Holcim owns about 36%, said net profit rose to Rs292 crore ($73.6 million) in its third quarter to 30 September, from Rs262 crore reported a year ago.

Total income rose to Rs1318 crore from Rs1160 crore.

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