Ambuja Cements sees 9.7% net profit rise in 3Q

LafargeHolcim-owned Ambuja Cements' standalone unaudited income remained stable in 3Q17 at INR24.73bn (US$379.8m) when compared with the previous year (3Q16: INR24.72bn) but noted a 25.4 per cent drop when compared with 2Q17, when it reached INR33.16bn.

Profit before tax rose 11.3 per cent YoY to INR3.36bn from INR30.02bn but saw a 38.6 per cent decrease QoQ (2Q17: INR5.47bn) while net profit reached INR2.72bn, up 9.7 per cent from INR2.48bn in 3Q16, but down 31.3 per cent from INR3.92bn reported in 2Q17.

For the first nine months of 2017, Ambuja Cements saw a 4.4 per cent YoY rise in income from INR84.4bn to INR88.13bn in 9M17.

Profit before tax increased 11.3 per cent to INR11.95bn from INR10.74bn in the year-ago period. Net profit advanced 21 per cent YoY from INR7.53bn in 9M16 to INR9.11bn in the first nine months of 2017.