It seems like Ambuja Cements is neglecting the Nifty Levels and gaining much more profit and also running on the track with full speed. Ambuja Cements’ Q4CY17 earning beats the analysts’ expectations today (Tuesday) as the standalone net profit growth of ~89A% YoY at INR 330 Cr was much more than the CNBC-TV18 poll estimate (INR 251 Cr). While the profit in a year-ago quarter was INR 179 Cr.

“The revenue increased 21.9% to INR 2172.6 Cr in Q4 compared to INR 2224.5 Cr in Q4 last year.” The Cement maker said.

Ambuja Cements said the final dividend would be INR 2 / share recommended by the board of directors. It follows Jan-Dec as its financial year and tax expenses during this quarter increased to INR 85.9 Cr from just INR 26.2 Cr in a last year same quarter.

The stock price is increased 3.16% (INR 8.15) and it is listed at 265.70 INR on 20 Feb 3:40 PM. This will be a good option for Investors to buy this stock as it is continuously growing.

Image Source: Ambuja Cements