Ambuja Cements Q2 net up 35% on improved realisations

Analysts on an average had expected net profit at Rs 460 crore and net sales of Rs 2,521 crore in the quarter.

Earnings before interest, tax, depreciation and amortisation (EBITDA) margin increased 140 basis points to 28.2% during the quarter as against analysts' expectations of 27.7%.
Post the announcement of the results, the company stock was up 3% to Rs 179.25.

On the outlook, the company in a statement said that raw material cost will remain higher which could put margins under pressure, but nevertheless, the cement major is taking all efforts to sustain profits.