Published date: November 3, 2016 1:01 pm
Location: Kcl Businees Park Indore, Bhopal, Indore, Madhya Pradesh, India
Equity benchmarks continued to be lackluster in afternoon trade but the broader markets underperformed with the BSE Mid-cap and Small cap indices declined 0.4 – 0.7%.
Ambuja Cements disappointed analysts with its quarterly earnings. Profit increased 79.2% year-on-year to Rs 277 crore on the back of solid growth in other income. Revenue during the quarter lost 3.8% to Rs 2,031.4 crore from Rs 2,110.9 crore in same period last year, impacted by lower sales volume.
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