Ambuja Cements posted a 27 per cent increase in second-quarter profit on Wednesday, beating market estimates, helped by higher cement sales and lower expenses.
Standalone profit rose to Rs 499 crore ($72.60 million) in the quarter ended June 30, from Rs 392 crore a year earlier, the Mumbai-based company said.
Analysts on average had expected a standalone profit of Rs 310 crore, according to estimates by Thomson Reuters.
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Cement sales volume rose to 6.37 million tonnes from 6.05 million tonnes a year earlier, said the company which is a unit of LafargeHolcim, the world's largest cement maker.
Total expenses decreased 8 per cent to Rs 2,550 crore.
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