Holcim takes 14.8% stake in Guj Ambuja

 Gujarat Ambuja Cement, on a stand-alone basis, reported a drop in net profit at Rs 87.90 crore for the second quarter ended December 31, 2005 when compared with Rs 89.55 crore in Q2FY05. Total income increased from Rs 659.98 crore in Q2FY05 to Rs 765.56 crore in Q2FY06.

The group has posted a consolidated net profit of Rs 121.45 crore for the quarter ended December 31, 2005 as against Rs 90.32 crore in Q2FY05. Total income moved up to Rs 790.85 crore in Q2FY06 from Rs 775.87 crore in Q2FY05.