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Ambuja Cements standalone net profit jumps over 58pct in Q4

Infra News - Published on Wed, 20 Feb 2019

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India's Ambuja Cements Ltd posted a 58.8 percent jump in Q4 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 INR 5.37 billion for the quarter ended December 31, from INR 3.38 billion a year earlier.

According to Refinitiv Eikon data, 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 INR 2.95 billion.

During the quarter, the company saw a tax benefit of INR 3.33 billion.

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Posted By : Rabi Wangkhem on Wed, 20 Feb 2019
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