February 20, 2018 / 9:41 AM / 4 months ago

Ambuja Cements Q4 profit jumps as sales volume rises

Feb 20 (Reuters) - India's Ambuja Cements Ltd reported an 89 percent jump in quarterly profit on Tuesday, helped by higher cement sales volume.

Standalone profit rose to 3.38 billion rupees ($52.2 million) in the fourth quarter ended Dec. 31, from 1.79 billion rupees a year earlier. bit.ly/2BBr0QZ

Standalone cement sales volume rose to 5.87 million tonnes in the quarter, from 5 million tonnes in the same period last year.

Net quarterly sales rose 19 percent to 26.12 billion rupees.

Analysts on average had expected the company, part of Switzerland-based LafargeHolcim Ltd, to post a standalone profit of 2.47 billion rupees, according to Thomson Reuters data. ($1 = 64.8150 Indian rupees) (Reporting by Vishal Sridhar in Bengaluru; Editing by Amrutha Gayathri)

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