Cement biggies slither on unsatisfactory Q3

Cement biggies slither on unsatisfactory Q3 ACC stroke an intraday far above the ground of Rs 986.95 and an intraday near to the ground of Rs 968.75.

At 10:18 hrs the share was citing at Rs 977.30, downward at Rs 5.3, or 0.54%. The group has declared its third quarter outcome.

The groups Q3 combined net profit was downward by 79% at Rs 86.3 crore in opposition to Rs 415 crore. Its combined net sales were downward by 15.31% at Rs 1,759 crore in opposition to Rs 2,077 crore.

Ambuja Cements stroke an intraday far above the ground of Rs 141.85 and an intraday near to the ground of Rs 138.60. At 10:18 hrs the share was citing at Rs 140.05, downward Rs 2.05, or 1.44%.

The company has affirmed its third quarter outcome. The group’s Q3 net sales were downward at Rs 1,564 crore vs. Rs 1,611 crore, year-on-year basis. Its net earnings were downward at Rs 152.1 crore vs. Rs 318.5 crore, YoY.