Gujarat Ambuja announces Q4 net profit of Rs.303.89 Crores, total income increases 51%

Gujarat Ambuja Cements Ltd has announced the following Unaudited Results for the quarter ended June 30, 2006:

The Company has posted a Net profit of Rs 3038.90 million for the quarter ended June 30, 2006 (Q1 FY 06-07) as compared to Rs 1451.70 million for the quarter ended June 30, 2005 (Q1 FY 05-06). Total Income (net of excise) has increased from Rs 7336.30 million in Q1 FY 05-06 to Rs 11242.50 million for Q1 FY 06-07.

The Consolidated Results are as follows:

The Group has posted a net profit (after minority interest) of Rs 3600.70 million for the quarter ended June 30, 2006 (Q1 FY 06-07) where as the same was at Rs 1711.80 million for the quarter ended June 30, 2005 (Q1 FY 05-06). Total Income (net of excise) is Rs 11444.10 million for Q1 FY 06-07 where as the same was at Rs 7579.10 million in Q1 FY 05-06.

The consolidated results for the current quarter and twelve months do not include result of Ambuja Cement India Ltd (ACIL), Ambuja Cement Eastern Ltd and Kakinada Cements Ltd, which have ceased to be subsidiaries of the Company. ACIL has since become an Associate of the Company and the share of profit of Associate has been recognised. Further, in the previous quarter the Company sold its investments in certain subsidiaries, joint ventures and an associate. Accordingly, results for the current quarter and twelve months are not strictly comparable with those of the corresponding period of the Previous year.

Source : Equity Bulls

Keywords