Ambuja Cements Ltd, a part of the global conglomerate LafargeHolcim, on Friday reported 31 per cent jump its net profit at Rs 235 crore during the July to September quarter compared to Rs 179 crore the year-ago period.Earnings before interest, tax, depreciation and amortisation (EBITDA) totalled Rs 440 crore in Q2 FY20, up 23 per cent from Rs 358 crore in Q2 FY19.While net sales went up to Rs 2,556 crore from Rs 2,522 crore, the net sales volumes declined to 5.23 million tonnes from 5.46 million tonnes in the same period."In the backdrop of a general slowdown in economy and subdued construction activity, Ambuja has delivered yet another quarter of good EBITDA and PAT growth despite lower volumes," said Managing Director and CEO Bimlendra Jha."This has been possible with a clear focus on product mix enrichment and reduction in logistics costs. Premium products registered a growth of 17 per cent year-on-year and the company maintained its progress on fossil fuel substitution with ...
