Ambuja Cement shares gain post Q3 earnings

Shares of Ambuja Cement today rose by 1 per cent after the company reported consolidated net profit of Rs 216.11 crore for the September quarter.
The company's scrip gained 1.08 per cent to end at Rs 243.20 on BSE. During the day, it went up by 1.78 per cent to Rs 244.90.
On NSE, it advanced by 1 per cent to close at Rs 243.10.
Ambuja Cement today reported consolidated net profit of Rs 216.11 crore for the September quarter aided by dividend income from cement maker ACC Ltd.
Part of the Swiss cement giant LafargeHolcim, it had clocked a net profit of Rs 153.93 crore in the year-ago period, Ambuja said in a BSE filing.

Total consolidated income of the company stood at Rs 4,533.59 crore in July-September quarter of 2016. It had reported net income of Rs 2,115.29 crore during the same quarter of last year. It follows January-December as financial year.
The company said figures for the September 2016 quarter are not comparable with those in the corresponding period as the firm's merger with HIPL was approved in the third quarter.