Ambuja Cements gains on reporting 71% rise in Q1 net profit
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Ambuja Cements is currently trading at Rs. 310.50, up by 1.50 points or 0.49% from its previous closing of Rs. 309.00 on the BSE.
The scrip opened at Rs. 305.00 and has touched a high and low of Rs. 310.50 and Rs. 301.05 respectively. So far 160860 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 329.90 on 09-Apr-2021 and a 52 week low of Rs. 161.55 on 04-May-2020.
Last one week high and low of the scrip stood at Rs. 319.85 and Rs. 295.50 respectively. The current market cap of the company is Rs. 61495.43 crore.
The promoters holding in the company stood at 63.29%, while Institutions and Non-Institutions held 30.12% and 6.59% respectively.
Ambuja Cements has reported 66.52% rise in its net profit of Rs 664.57 crore for the quarter ended March 31, 2021 as against net profit of Rs 399.10 crore for the same quarter in the previous year. Total income of the company increased by 26.10% at Rs 3,676.55 crore for quarter ended March 31, 2021 as compared Rs 2,915.68 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported 70.90% rise in its net profit attributable to owners at Rs 947.21 crore for the quarter ended March 31, 2021 as compared to Rs 554.25 crore for the same quarter in the previous year. Total income of the company increased by 22.22% at Rs 7,811.96 crore for quarter ended March 31, 2021 as compared Rs 6,391.47 crore for the corresponding quarter previous year.
