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Ambuja Cement trades higher on reporting 77% jump in Q3 net profit

19 Oct 2012

Ambuja Cement is currently trading at Rs. 206.50, up by 2.90 points or 1.42% from its previous closing of Rs. 203.60 on the BSE.

The scrip opened at Rs. 204.40 and has touched a high and low of Rs. 208.25 and Rs. 203.25 respectively. So far 184816 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 220.70 on 05-Oct-2012 and a 52 week low of Rs. 135.60 on 23-May-2012.

Last one week high and low of the scrip stood at Rs. 218.40 and Rs. 201.60 respectively. The current market cap of the company is Rs. 31979.07 crore.

The promoters holding in the company stood at 50.67% while Institutions and Non-Institutions held 38.51% and 8.39% respectively.

Cement major, Ambuja Cement has reported results for third quarter ended September 30, 2012.

The company has posted a rise of 77.26% in its net profit at Rs 303.97 crore for the quarter ended September 30, 2012 as compared to Rs 171.48 crore for the same quarter in the previous year. The company’s total income has registered a growth of 19.65% at Rs 2264.60 crore for quarter under review as compared to Rs 1892.69 crore for the quarter ended September 30, 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.

Related Ambuja Cements Ltd. Links:

Ambuja Cement Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323