Ambuja Cements declines on reporting 23.38% fall in Q1 net profit

20 Apr 2012

Ambuja Cements is currently trading at Rs. 160.75, down by 4.00 points or 2.43% from its previous closing of Rs. 164.75 on the BSE.

The scrip opened at Rs. 164.05 and has touched a high and low of Rs. 164.35 and Rs. 160.20 respectively. So far 82173 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 182.00 on 07-Feb-2012 and a 52 week low of Rs. 119.90 on 09-Aug-2011.

Last one week high and low of the scrip stood at Rs. 169.20 and Rs. 156.00 respectively. The current market cap of the company is Rs. 24693.36 crore.

The promoters holding in the company stood at 50.27% while Institutions and Non-Institutions held 38.33% and 8.75% respectively.

Ambuja Cements has reported results for first quarter ended March 31, 2012.

The company has posted a fall of 23.38% in its net profit at Rs 312.22 crore for the quarter ended March 31, 2012 as compared to Rs 407.48 crore for the same quarter in the previous year. However, total income has increased by 19.73% at Rs 2660.93 crore for quarter under review as compared to Rs 2222.47 crore for the quarter ended March 31, 2011.

Ambuja Cements was set up in 1986. In the last decade the company has grown tenfold. The total cement capacity of the company is 18.5 million tones. Its plants are some of the most efficient in the world. With environment protection measures that are on par with the finest in the developed world.

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Puchho Befikar
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