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Ambuja Cement’s Q4 net dips 4.38% to Rs 303.76 cr

Ambuja Cement, a leading cement and concrete manufacturer in India, reported a standalone net profit of Rs 303.76 crore for the fourth quarter (Q4) ended March 31, 2016, down 4.38% against Rs 317.69 reported in the same period of the previous year, mainly because of higher freight costs and material charges.

The company informed the Bombay Stock Exchange (BSE) that sales stood at Rs 2,418 crore in January to March, 2016, almost flat compared to Rs 2,424.57 crore posted in the same period of the previous year.

The net profit in this quarter increased from Rs 109.96 crore in Q3 of 2015-16.

The company ends it financial year in December. The net profit of Ambuja Cement during the previous year ending December 31, 2015 stood at Rs 807.56 crore.