Ambuja Cements Q1 Net Profit Down 30.26 Percent At Rs 856.46 Crore

New Delhi, Apr 28 (PTI) Ambuja Cements, a unit of Swiss-based building materials major Holcim Group, reported a 30.26 per cent decline in consolidated net profit at Rs 856.46 crore for the first quarter ended March 2022.

The financial year of the company is from January to December. Due to this, the company had earned a net profit of Rs 1,228.24 crore in the same quarter last year.

In a communication to the BSE, the company said its operating income grew 2.4 per cent to Rs 7,900.04 crore during the quarter, from Rs 7,714.81 crore in the year-ago quarter.

The company’s total expenses during the quarter jumped 10.3 per cent to Rs 6,813.15 crore as against Rs 6,176.76 crore in the year-ago quarter.

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