Ambuja Cement today reported a 44 per cent decline in net profit at Rs 324.65 crore for the second quarter ended June 30, 2009.
The cement manufacturer had a net profit of Rs 577.02 crore in the June quarter of FY09, the company said in a filing to the Bombay Stock Exchange.
Total income, however, increased 20 per cent to Rs 1,888.47 crore during the June quarter, from Rs 1,574.97 crore in the corresponding period a year ago.
The board has declared an interim dividend of Rs 1.20 per share on every share of face value of Rs 2.
In the June quarter of FY09, the company had made a profit worth Rs 303 crore on sale of stake in Ambuja Cement India to Holderind Investments.
Shares of Ambuja Cements closed at Rs 96.95, up 0.83 per cent over previous close on the BSE.
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