Ambuja Cements consolidated net rises 24% to Rs 732 cr in December quarter

'Margin expanded by 410 bps during the quarter and 480 basis points for the full year backed by strong performance in price, volume and costs,' says CEO

Ambuja Cements reported a consolidated net profit of Rs 732 crore in the December quarter, up 24 per cent from same period last year on the back of increased revenue.

The company’s topline in the period under review stood at Rs 7,453 crore, up 4.5 per cent from last year due to 7 per cent increase in volumes coupled with higher prices.

During the quarter ended review, the company incurred a charge of Rs 176.01 crore in respect of impairment of assets of its subsidiary, ACC Limited, at Madukkarai unit, as the carrying amount exceeded its recoverable amount and disclosed