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Ambuja Cements shines despite reporting 5% fall in Q2 consolidated net profit

26 Jul 2018 Evaluate

Ambuja Cements is currently trading at Rs. 222.30, up by 12.80 points or 6.11% from its previous closing of Rs. 209.50 on the BSE.

The scrip opened at Rs. 214.50 and has touched a high and low of Rs. 225.50 and Rs. 213.50 respectively. So far 600372 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 291.30 on 13-Sep-2017 and a 52 week low of Rs. 189.15 on 17-Jul-2018.

Last one week high and low of the scrip stood at Rs. 225.50 and Rs. 192.20 respectively. The current market cap of the company is Rs. 44279.89 crore.

The promoters holding in the company stood at 63.55%, while Institutions and Non-Institutions held 29.30% and 7.15% respectively.

Ambuja Cements has reported a rise of 27.29% in its net profit at Rs 499.27 crore for the quarter ended June 30, 2018 as compared to Rs 392.23 crore for the same quarter in the previous year. However, total income of the company decreased by 3.36% at Rs 3208.01 crore for the June quarter as compared Rs 3319.42 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 4.70% in its net profit at Rs 684.46 crore for the quarter June 30, 2018 as compared to Rs 718.24 crore for the same quarter in the previous year. Total consolidated income of the company decreased by 5.10% at Rs 6,917.16 crore for the June quarter as compared Rs 7,288.73 crore for the corresponding quarter previous year.

Peers
Company Name CMP
Ultratech Cement 11077.15
Ambuja Cements 384.05
ACC 1235.70
Shree Cement 22245.00
Dalmia Bharat 1703.00
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