Ambuja cement has informed that its net profit has been raised with a significant hike in the sales figure. The company has announced its first quarter financial results for the fiscal year 2010-11.

Ambuja cement has posted a net profit of Rs 391 crore for the quarter that ended in 30th June, 2010.

The net profit has grown up by 20.5% in the June quarter of the current fiscal against its year ago like period. The company has registered a net profit of Rs 325 crore in the similar quarter in the previous year.

The company has informed this in a filing at the Bombay Stock Exchange. It has also informed that its cement production has grown up 12.7% to 5.5 million tonnes against 4.9 million tonnes in Q1 last year.

The net sales of the company have gone up by 10.8% and have touched Rs 2,048 crore during the April-June quarter of fiscal year 2010-11 which was Rs 1,847 crore for the same quarter in the preceding year of 2009-10.