Ambuja Cements Q4 net up 17% at Rs 302 cr

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Ambuja Cements Q4 net up 17% at Rs 302 cr

Ambuja Cements, country's second largest company by market cap, has reported a net profit of Rs 302 crore in the fourth quarter of FY12, a growth of 17% as compared to Rs 257.5 crore in a year ago quarter. Exceptional loss during the quarter stood at Rs 24 crore.

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Ambuja Cements , country's second largest company by market cap, has reported a net profit of Rs 302 crore in the fourth quarter of FY12, a growth of 17% as compared to Rs 257.5 crore in a year ago quarter. Exceptional loss during the quarter stood at Rs 24 crore.

Net sales too rose 30% to Rs 2329.1 crore from Rs 1788.5 crore year-on-year.

Numbers were largely in line with analysts' expectations; CNBC-TV18 poll saw net profit of Rs 314 crore and sales of Rs 2,283 crore.

Tax credit increased 81% to Rs 67.3 crore in the October-December quarter of FY12 versus Rs 37.1 crore in the corresponding quarter of last fiscal.

EBITDA margins too improved at 18.1% versus 17.6% during the same quarters.