Ambuja Cement’s Q3 stand-alone net profit declines by 67 percent

Mumbai, Feb 10 (IANS) Cement major Ambuja Cements on Wednesday posted a decline of 66.53 percent in its stand-alone net profit which stood at Rs.109.96 crore for the quarter ended December 31, 2015.

The company had earned a net profit of Rs.328.59 crore for the quarter ended December 31, 2014.

According to the company, its total income decreased by 1.06 percent to Rs.2,379.22 crore from Rs.2,404.85 crore for the quarter ended December 31, 2014.

Further, the company’s board of directors recommended a final dividend payment of Rs.1.20 per equity share.

The total dividend for the year 2015 including the interim dividend of Rs.1.60 per share now stands at Rs.2.80 per share. The company had paid a total dividend of Rs.5 per share in 2014.

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