(Reuters) - India’s Ambuja Cements Ltd reported an about 10 percent increase in quarterly profit on Tuesday, helped by higher cement sales volume.
Standalone profit rose to 2.72 billion rupees ($41.78 million) in the third quarter ended Sept. 30, from 2.48 billion rupees a year earlier. bit.ly/2zNvsbR
Standalone cement sales volume rose to 5.02 million tonnes in the quarter, from 4.50 million tonnes in the same period last year.
Analysts on average had expected the company to post a standalone profit of 2.43 billion rupees, according to Thomson Reuters data.
Reporting by Vishal Sridhar in Bengaluru; Editing by Subhranshu Sahu and Biju Dwarakanath