Ambuja Cements profit up 31.2%

NEW DELHI: Ambuja Cements on Wednesday reported an increase of 31.2 per cent in consolidated net profit at Rs 1,135.46 crore for the quarter ended on June 30, 2023, led by volume growth and reduction in operating cost. The company, now part of the Adani Group, had clocked a net profit of Rs 865.44 crore in the April-June quarter a year-ago, Ambuja Cements said in a regulatory filing. Its consolidated revenue from operations was up 8.46 per cent to Rs 8,712.90 crore during the quarter under review. It was Rs 8.032.88 crore in the corresponding period last fiscal. This was led by "sustained volume growth supported by increase in blended cement as well improvement in efficiency parameters," said an earning statement by Ambuja Cements.