Ambuja Cements Revenue Declined Marginally To Rs 2,978 Crore In Q2 CY19 - Dollar Advisory Services : Best Research Advisory Firm

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Ambuja Cements Revenue Declined Marginally To Rs 2,978 Crore In Q2 CY19

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Quarterly results of Ambuja Cements, the third-largest cement manufacturer in India, turned out to be a mixed bag for investors. Revenues were stable, operating profit was higher, but the decline in cement volumes turned out to be a dampener. Ambuja Cements revenue declined marginally to Rs 2,978 crore in Q2 CY19. The top line was supported by higher realisations (up 9% year-on-year and 12% quarter-on-quarter) as the cement offtake during April-June was impacted by general elections and tight liquidity conditions and the volumes came in weaker by 9% than the same period last year. 

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