During the quarter, the company saw a tax benefit of Rs. 333 crore.
During the quarter, the company saw a tax benefit of Rs. 333 crore.

Ambuja Cements Q4 standalone profit jumps over 58%

  • Standalone profit came in at Rs. 537 crore for the quarter ended 31 December, from Rs. 338 crore a year earlier
  • Cement sales for the quarter climbed 5.8% to 2,765 crore

Bengaluru: Ambuja Cements Ltd on Monday posted a 58.8% jump in fourth-quarter profit, exceeding analysts' estimates, as it logged higher cement sales and a tax benefit.

Standalone profit, which includes a joint operation accounted on a proportionate basis, came in at Rs. 537 crore ($75.22 million) for the quarter ended 31 December, from Rs. 338 crore a year earlier, the company said.

Analysts on average had expected the company, which is a unit of the world's largest cement maker LafargeHolcim Ltd , to post a profit of Rs. 295 crore, according to Refinitiv Eikon data.

During the quarter, the company saw a tax benefit of Rs. 333 crore.

Cement sales volume rose 4.4% to 6.13 million tonnes, the Mumbai headquartered cement maker said.

Cement sales for the quarter climbed 5.8% to 2,765 crore.

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